INVESTSMART GROUP LIMITED — Transaction in Own Shares 2009

Oct 28, 2009

fatPROPHETS™

Notice of Share Cancellation

As a result of the on-market buy-back of 1,042,824 ordinary shares for \$910,318.38 (including brokerage) and the subsequent cancellation of these shares, the issued capital of Fat Prophets Australia Fund Limited is now 29,681,665 ordinary shares at a paid up value of \$29,681,665. Refer to the accompanying Form 484 for further details.

Richard Fabricius Company Secretary

29th, October 2009

FAT PROPHETS AUSTRALIA FUND LIMITED ACN 62 111 772 359

Level 33, 2 Park St, Sydney NSW 2000 telephone 02 8258 0015 fatfund@fatprophets.com.au

OFFICE USE ONLY: 1F

Form 484 Corporations Act 2001

Change to company details

Sections A, B or C may be lodged independently with this signed cover page to notify ASIC of:

A1 Change of address

• A2 Change of name officeholders or proprietary company members
• A3 Change ultimate holding company

All mandatory fields will be identified with an ".

B1 Cease company officeholder B2 Appoint company officeholder B3 Special purpose company

C1 Cancellation of shares

• C2 Issue of shares
• C3 Change to share structure
• C4 Changes to the register of members for proprietary
• companies

If there is insufficient space in any section of the form, you may photocopy the relevant page(s) and submit as part of this lodgement

Company details	Company name
	FAT PROPHETS AUSTRALIA FUND LIMITED
Refer to guide for information about	ACN/ABN	Corporate key
corporate key	111 772 359
Lodgement details	Who should ASIC contact if there is a query about this form?
	Firm/organisation
	Contact name/position description
	Richard Fabricius/Company Secretary
	ASIC registered agent number (if applicable)
	Telephone number
	02 9024 6725
	Postal or DX address
	GPO BOX 5029, Sydney, NSW, 2001,
	Total number of pages including this cover sheet 4

Signature

This form must be signed by a current officeholder of the company.

	certify that the information in this cover sheet and the attached sections of this form are true and complete. Name ®
	Richard Fabricius
This form must be SIGNED and DATED by a current	Capacity ® Director Company secretary Signature
officeholder after it is PRINTED	Date signed	(dd/mm/yyyy)
Lodgement	Send completed and signed forms to: Australian Securities and Investments Commission, PO Box 4000, Gippsland Mail Centre VIC 3841. Or lodge the form electronically by visiting the ASIC website	For help or more information 1300 300 630 Telephone Email Click here to send ASIC an email. Web www.asic.gov.au
ASIC Form 484 $1F$ ver $1.3$	www.asic.gov.au	Cover page

Change Notification Page

generate the appropriate section(s) which will appear after this page.
$AI$ Change of address
A2 Change a name for officeholder or proprietary company members
A3 Change of ultimate holding company details	Click on the button below if you need assistance in making your selection
B1 □ Cease an officeholder	Form 484 Guide
B2 Appoint an officeholder B3 □ Change to special purpose company status	Once you have made all your selections, scroll down to complete the required sections

Please notify the changes you wish to make by selecting at least one of the tick boxes available below. Your tickbox selections will

To notify ASIC of changes to the shares and/or members register, select the appropriate tickbox below. Please wait until the table displays showing the appropriate sections that you should complete.

	C1 - Cancellation of shares	C 2 - Issue of shares	C3 - Change to share structure table	C4 - Change to members register
$\circ$ $\sqrt{ }$ Issue of shares
$\circ$ $\Box$ Cancellation of shares Proprietary company Public company if in response to the Annual company statement if not in response to the Annual company statement

• $C \square$ Transfer of shares
• C Changes to amounts paid
• $C \ \Box$ Changes to beneficial ownership

Once you have made all your selections, scroll down to complete the required sections

To notify ASIC about a division or conversion of a class of shares, you must lodge a form 211 within 28 days after the change occurring.

To notify ASIC about a conversion of shares into larger or smaller numbers, you must lodge a form 2205B within 28 days after the change occurring.

C1 Cancellation of shares

$\delta \rightarrow \infty$

Reason for cancellation Please indicate the reason that shares have been cancelled (select one or more boxes)		Redeemable preference shares - S.254J
	Capital reduction -- S.256A -- S.256E $\mathbf{L}$
	$\triangleright$ Share buy-back -- ss.257H(3)
	Minimum holding buy-back by listed company
		the share buy-back can take place.	Other buy-back type. A form 280 or 281 must be lodged at least 14 days, and no more than 1 year before
	Forfeited shares -- S.258D
	Shares returned to a public company $-$ ss.258E(2) & (3)
	Other
Details of cancelled shares		List the details of shares cancelled in the following table Share class code Number of shares cancelled	Amount paid (cash or otherwise)
	ORD	1042824	910318
	Earliest date of change	Please indicate the earliest date that any of the above changes occurred *
	30/08/2009	(dd/mm/yyyy)

$\frac{1}{2}$

C3 Change to share structure

Where a change to the share structure table has occurred (eg. as a result of the issue or cancellation of shares), please show the updated details for the share classes

Full title if not strindard Share class code	Total number of shares (current after changes)	Total amount paid on these shares	Total amount unpaid on these shares
IORD	29681665	29681665
Earliest date of change Please indicate the earliest date that any of the above changes occurred
(dd/mm/yyyy) 30/08/2009

Lodgement details

Is this document being lodged to update the Annual Company Statement that was sent to you?

$\Box$ Yes $\boxed{2}$ No