DEXUS — Major Shareholding Notification 2006

Dec 7, 2006

ING²

ING Australia Holdings Limited ACN 008 459 596

GPO Box 3938 Sydney 2001 DX 10110 S.S.E.

347 Kent Street Sydney NSW 2000

Telephone (02) 9234 8111
Facsimile (02) 9299 1446

Company	Sydney Stock Exchange
Facsimile Number	1900 999 279
Attention	Manager Companies
cc:
From	Steve Rouvray
Date	8 December 2006
Number of pages including this page $\sqrt{3}$
If all pages are not received please telephone		02 9234 8401
Subject	FORM 603

Dear Sir

Attached please find a Form 603 Initial Substantial Shareholder Notice in relation to DB RREEF Trust.

Yours faithfully

Steve Rouvray Secretary

ING

ING Australia Holdings Limited ACN 008 459 596

GPO Box 3938 Sydney 2001
DX 10110 S.S.E.

347 Kent Street Sydney NSW 2000

Telephone (02) 9234 8111 Facsimile (02) 9299 1446

8 December 2006

The Secretary DB RREEF Trust Level 9 343 George Street SYDNEY NSW 2000

Fax: 02 9017 1102

Dear Sir,

Enclosed please find a Form 603 Initial Substantial Shareholder Notice.

$\overline{a}$

÷,

Yours faithfully

Steve Rouvray Secretary

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme		DB RREEF Trust
ACN/ARSN
1. Details of substantial holder (1) Name ACN/ARSN (if applicable)	008 459 596			ING Australia Moldings Limited (and related companies - Refer Annexure A)
The holder became a substantial holder on			05/12/2006
2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a
relevant interest (3) in on the date the substantial holder

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary units	30036641	30036641	5.32% $- -$

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Refer Annexure C

4. Details of present registered holders

The persons registered as holders of the securities referred to In paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (B)	Class and number of securities
Refer Annexure C

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a
substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Refer Annexure B

603 page 2/2 15 July 2001

6 Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (If applicable) .	Nature of association
	Related corporations

7. Addresses

The addresses of persons named in this form are as follows:

Name	– Address
	Refer Annexures A and C ---
	__

Signature

	print name S S ROUVRAY	capacity SECRETARY
sign here		08/12/2006 datel

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to equity trust), the names could be included in an annex form.
• $\boldsymbol{\omega}$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The total number of vates attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $\left(T\right)$ Include details of:
• $(a)$ any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• $\left( \text{b} \right)$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown", $\left( 6\right)$
• $\left( 9\right)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the bonef t is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

Annexure A

To Form 603

This is Annexure A of 5 pages referred to in the Form 603 Notice of Initial Substantial Holder signed by me and dated ... 8 December 2006

Name: S S Rouvray

Capacity: Company Secretary

Signature

Dated: ......8 December 2006

COMPANY NAME	ACN
52 PHILLIP STREET PTY LTD	000 197 455
ABIFORM PTY LIMITED	003 981 771
ADVICE FINANCIAL SOLUTIONS PTY LIMITED	098 970 800
ADVICE FOR LIFE PTY LTD	070 195 2741
ADVISER LENDING SERVICES PTY LIMITED	009 860 057
ADVISOR INVESTMENT SERVICES LIMITED	009 585 255
AMFAS PTY LIMITED	005 720 427
ANZ INSAGE PTY LIMITED	099 665 648
ANZ LIFE ASSURANCE COMPANY LIMITED	008 425 652
ANZ MANAGED INVESTMENTS LIMITED	004 392 269
ARMSTRONG JONES LIFE ASSURANCE PTY LIMITED	004 885 849
ARMSTRONG JONES MANAGEMENT PTY LIMITED Note 3	008 947 840
ARMSTRONG JONES PTY LTD Note 3	008 781 511
ATHELAS PTY LIMITED	008 638 622
AUSTPLANNERS ASSET MANAGEMENT PTY LIMITED	005 757 817
AUSTRALIAN COMMUNITY INSURANCE PTY LIMITED	003 243 589
AUSTRALIAN GENERAL INSURANCE PTY LIMITED	006 007 334
AUSTSERVICES PTY LIMITED	059 421 304
AUSVEST PORTFOLIO SERVICE PTY LIMITED	003 318 312
BLEAKLEYS LIMITED	002 102 356
DAVIDSON HUGHES DEVELOPMENTS PTY LTD Note 3 Annexure A-603-Full List-Nov05 1	005 752 910

$\bar{\beta}$

$\ddot{\phantom{a}}$

$\ddot{\phantom{0}}$

COMPANY NAME		ACN
DE RUN SECURITIES PTY LTD		084 086 984
DOMAIN DEVELOPMENT PTY LIMITED	Note 3	010 689 737
FINANCIAL FACTS PTY LTD		006 501 293
FINANCIAL INVESTMENT NETWORK GROUP PTY LIMITED		003 790 609
FINANCIAL PLANNING HOTLINE PTY LIMITED		000 895 269
FING SERVICES PTY LIMITED		116 112 031
HEINE ADMINISTRATION SERVICES PTY LIMITED	Note 3	007 257 794
HEINE ASSET MANAGEMENT PTY LIMITED	Note 3	072 656 798
HEINE COMPUTER SERVICES PTY LTD	Note 3	006 819 727
HEINE FUNDS MANAGEMENT PTY LIMITED	Note 3	061 851 983
HEINE MANAGEMENT PTY LIMITED	Note 3	006 475 449
HEINE MORTGAGE ADMINISTRATION PTY LIMITED	Note 3	077 516 995
HEINE MORTGAGE MANAGEMENT PTY LTD	Note 3	006 784 032
HEINE PROPERTY MANAGEMENT PTY LTD	Note 3	006 874 639
HEINE SECURITIES PTY LIMITED	Note 3	072 656 752
INDUSTRY RETIREMENT PTY LIMITED		004 585 086
ING ADMINISTRATION PTY LIMITED		008 947 831
ING AUSTRALIA HOLDINGS LIMITED & its subsidiaries and controlled entities listed below.	Note 2	008 459 596
ING AUSTRALIA LIMITED		000 000 779
ING BANK (AUSTRALIA) LIMITED	Note 4	000 893 292
ING BANK NV	Note 1
ING CORPORATE SERVICES PTY LIMITED		008 646 277
ING CUSTODIANS PTY LIMITED		008 508 496
ING EASTERN CREEK PTY LTD		007 257 794
ING FINANCIAL PLANNING PTY LTD		003 318 330
ING FUNDS MANAGEMENT LIMITED		003 002 800
ING GENERAL INSURANCE PTY LIMITED		072 892 365
ING GROEP NV and its related bodies corporate including the following companies:	Note 1
ING INDUSTRIAL CUSTODIAN PTY LTD		081 823 743
ING INSURANCE INTERNATIONAL BV	Note 1

$\epsilon$

COMPANY NAME		ACN
ING INVESTMENT MANAGEMENT LIMITED		003 731 959
ING LIFE HOLDINGS LIMITED		099 127 321
ING LIFE LIMITED		009 657 176
ING MANAGE VENT LIMITED	Note 3	006 065 032
ING OFFICE CUSTODIAN PTY LTD		090 814 645
ING PRIVATE CAPITAL PTY LIMITED		009 206 857
ING VERZEKERGINGEN NV	Note 1
INSURANCE BROKER HOTLINE PTY LTD		076 731 514
INTEGRATED NETWORKS PTY LIMITED		003 319 319
LYNX FINANCIAL SERVICES PTY LTD		004 937 704
M.A.F.G. PTY LIMITED		000 003 823
MERCANTILE MUTUAL FINANCIAL SERVICES PTY LIMITED		000 006 057
MERCANTILE MUTUAL INSURANCE EQUITIES PTY LIMITED		001 160 809
MILLENNIUMS CONSULTING SERVICES PTY LTD		098 579 304
MILLENNIUM3 FINANCIAL PLANNING ADMINISTRATION PTY LTD		094 479 179
MILLENNIUM3 FINANCIAL SERVICES GROUP PTY LIMITED		098 554 058
MILLENNIUM3 FINANCIAL SERVICES PTY LTD		094 529 987
MILLENNIUM3 PROFESSIONAL SERVICES PTY LTD		089 579 322
MINKX PTY LTD		104 497 734
MML PROPERTIES PTY LIMITED		005 403 841
NNA PTY LIMITED		061 787 853
OPTIMIX INVESTMENT MANAGEMENT LIMITED		006 790 629
PACIFIC MUTUAL AUSTRALIA PTY LIMITED		009 093 109
PARTNERSHIP PLANNING BROKER SERVICES LIMITED		000 574 970
PARTNERSHIP PLANNING LIMITED		009 554 189
POSTBANK AUSTRALIA PTY LIMITED		008 647 185
PROSAFE INVESTMENTS PTY LIMITED		000 585 491
PRUDENT ACCOUNTING AND FINANCIAL SERVICES PTY LTD		098 862 107
RETIREINVEST (NO 3) PTY LIMITED		002 920 541
RETIREINVEST BRISBANE CITY PTY LIMITED		100 304 354

$\hat{\mathcal{A}}$

$\epsilon$

COMPANY NAME	ACN
RETIREINVEST NOWRA PTY LIMITED	102 585 053
RETIREINVEST PTY LIMITED	001 774 125
RETIREINVEST SUBIACO PTY LIMITED	102 415 814
RETIREINVEST TOWNSVILLE PTY LIMITED	099 145 552
RI BENTLEIGH PTY LIMITED	113 855 520
RI CENTRAL COAST PTY LIMITED	105 039 647
RI DANDENONG PTY LIMITED	114 152 519
RI GOLD COAST PTY LIMITED	105 039 629
RI KEW PTY LTD	105 930 658
RI MAROOCHYDORE PTY LIMITED	114 152 500
RI MOONEE PONDS PTY LTD	104 933 217
RI MORISSET PTY LIMITED	105 039 656
RI NEWCASTLE PTY LIMITED	114 176 162
RI ROCKHAMPTON & GLADSTONE PTY LIMITED	104 125 895
RI SHEPPARTON PTY LIMITED	006 444 080
RICKETTS ROAD MT WAVERLEY PTY LTD Note 3	006 819 727
SUPER CONCEPTS PTY LTD	007 437 907
SUPER SOLUTIONS PTY LTD	002 966 341
SWING HIGH INVESTMENTS PTY LIMITED Note 3	009 131 088
SYNERGY ADVISORY SERVICES PTY LTD	068 908 878
SYNERGY CONSOLIDATED PTY LIMITED	083 107 644
TANDEM FINANCIAL ADVICE LIMITED	006 226 777
TRENORTH PTY LIMITED Note 3	006 732 243
UNION INVESTMENT COMPANY PTY LIMITED	004 084 879
VANDENBERGH FINANCIAL SERVICES PTY LIMITED	098 970 800
VENTURE CAPITAL PARTNERS (NOMINEES NO. 1) PTY LIMITED	082 834 900
VENTURE CAPITAL PARTNERS PTY LIMITED	079 575 689
WESTGARDENS PTY LIMITED Note 3	007 257 794
WESTGARDENS PTY LTD Note 3	114 031 284
WISE FINANCIAL SERVICES PTY LTD	003 608 268

$\sim$

COMPANY NAME	ACN
Note 1. Address: ING House Amstelneenseweg 500 1081 KL Amsterdam, The Netherlands
Note 2. Address: 347 Kent Street, Sydney NSW 2000
Note 3. Address: Level 6, 345 George Street, Sydney NSW 2000
Note 4. Address: Level 14, 140 Sussex Street, Sydney NSW 2000

$\ddot{\phantom{a}}$

ANNEXURE 'B'

Changes in relevant Interests

This is the annexure marked 'B' of 2 pages referred to In the form 603 initial substantial shareholder signed by me on: $\sigma$ &_ \ > - 0}

හිය

S S Rouvray
Secretary, ING Australia Holdings Limited

Deta of Ahenge	Person whose relavant interest changed	Mature of change	Consideration given in I Nistion to change	Clean and number of ancurities.	Parson's votes affocted
				arroctod
11/08/2006	INGL	Buy of Units on ASX	449,666	287,000	287.000
24/08/2006	INGL	Buy of Units on ASX	212,339	138,500	138,500
25/08/2006	INGL.	Buy of Units on ASX	1,686,009	1,100,000	1,100,000
31/08/2006	INGL	Buy of Units on ASX	70,335	45,000	45,000
7/09/2006	INGL	Buy of Units on ASX	718,524	450,000	450,000
11/09/2006	INGL	Buy of Units on ASX	347.935 -	220.000	220.000
14/09/2006	INGL	Buy of Units on ASX	1,910,630	1,120,000 l-	1,120,000
29/09/2006 18/10/2006	INGL INGL	Buy of Units on ASX Buy of Units on ASX	119,754	75,000	75,000
18/10/2006	INGL	Buy of Units on ASX	152,656 80.947	91,429 48,571	01 .429
26/10/2006	INGĹ	Buy of Units on ASX	184,465 -	110,000	48,571 110,000
26/10/2006	INGL	Buv of Units on ASX	716,065	448,000	445,000
23/11/2006	INGL.	Buy of Units on ASX	771,419	447,582	447.582
24/11/2006	INGL	Buy of Units on ASX	578,148	335,445	335.445
27/11/2006 28/11/2006	INGL	Buy of Units on ASX	392.155	223,630	223,630
29/11/2006	INGL INGL	Buy of Units on ASX	389,354	223,630	223,630
5/12/2006	INGL	Buy of Units on ASX Buy of Units on ASX	195,517	111,815	111.815
5/12/2006	INGL	Buy of Units on ASX	1,799,979 725,187	1.069,224 430,77E	1,069,224 430.776
11/08/2006	INGL	Buy of Units on ASX	131,610	84,000	64,000
24/08/2006	INGE	Buy of Units on ASX	61,325	40,000	40,000
25/08/2006	INGL	Buy of Units on ASX	475,148	310,000	310,000
31/08/2006	INGL	Buy of Units on ASX	7.815	5,000	5,000
7/09/2006	INGL	Buy of Units on ASX	223,541	140.000	140,000
11/09/2006 14/09/2006	INGL INGL	Buy of Units on ASX	102,814	65,000	65,000
29/09/2006	INGL	Buy of Units on ASX Buy of Units on ASX	527,037 55,885	326,000 35,000	326,000
18/10/2006	INGL	Buy of Units on ASX	20,237	12,143	35,000 12,143
18/10/2006	INGL	Buy of Units on ASX	38.171	22,857	22,857
26/10/2006	INGL	Buy of Units on ASX	55,340	33,000	35,000
26/10/2006	INGL	Buy of Units on ASX	210,984	132,000	132,000
23/11/2006	INGL	Buy of Units on ASX	220,975	128.211	126, 211
24/11/2006 27/11/2006	INGL INGL	Buy of Units on ASX	165,453	95,997	95,997
28/11/2006	INGL	Buy of Units on ASX Buy of Units on ASX	112,220	63,996	63,998
29/11/2006	INGL	Buy of Units on ASX	111,424 55,955	63.998 31,999	63,998 31.999
5/12/2006	INGL	Buy of Units on ASX	503,995	299,383	299.383
5/12/2006	INGL	Buy of Units on ASX	203,052	120,617	120.617
9/08/2006	INGIM	Buy of Units on ASX	12,440	8,000	0.000
11/08/2006	INGIM	Buy of Units on ASX	7,834	5,000	5,000
21/08/2006	INGIM	Buy of Units on ASX	7,716	5,000	5,000
24/08/2006	INGIM	Buy of Units on ASX	2.300	1,500	1,500
25/08/2006 31/0B/2006	INCIM INGIM	Buy of Units on ASX	30,655	20,000	20,000
7/09/2006	INGIN	Buy of Units on ASX Buy of Units on ASX	3,007	2,500	2,500
11/09/2006	INGIM	Buy of Units on ASX	15,967 3,954	10,000 - $2,500$ $\vdash$	10,000 2,500
14/09/2006	INGIM	Buy of Units on ASX	33,950	21.000	21,000
18/10/2006	INGIM	Buy of Unita on ASX	8,350	5,000	5.000
26/10/2006	INGIM	Buy of Units on ASX	5,031	3,000	3,000
26/10/2006	INGIM	Buy of Units on ASX	12,787	9,000	0.000
23/11/2006	INGIM	Buy of Units on ASX	13,562	7.869	7,869
24/11/2006	INGIM	Buy of Units on ASX	9,390	5,448	5,448
27/11/2006 28/11/2006	INGIM INGIM	Buy of Units on ASX	6,369	3,632	3,632
29/11/2006	INGIM	Buy of Units on ASX	6,324	3,632	3,632
5/12/2006	INGIM	Buy of Units on ASX Euy of Units on ASX	3,175 33,600	1,816 19,959	1,816 19,959
5/12/2006	INGIM	Buy of Units on ASX	13,537	8,041	8.041
11/08/2006	INGIM	Buy of Units on ASX	23,502	15,000	15,000
21/08/2006	INGIM	Buy of Units on ASX	7,741	5,000	5,000
24/08/2006	INGIM	Buy of Units on ASX	7,686	5,000	5,000
25/0B/2006 7/09/2006	INGIM INGIM	Buy of Units on ASX	84,300	55,000	55,000
11/09/2006	INGIM	Buy of Units on ASX Buy of Units on ASX	39,918	25,000	25,000
14/09/2006	INGIM	Buy of Units on ASX	15,818 92,151	10,000 57.000	10,000 57,000
26/10/2006	INGIM	Buy of Units on ASX	13,416	8,000	8,000
26/10/2006	INGIM	Buy of Units on ASX	35,164	22,000	22,000
23/11/2006	INGIM	Buy of Units on ASX	40,666	23,606	23,606
24/11/2006	INGIM	Buy of Units on ASX	30,462	17.674	17,674

27/11/2006
	INGIM	Buy of Units on ASX	20,663	11,783	11.783
28/11/2006	INGIM	Buy of Units on ASX	20,515	11.783	11,783
29/11/2006	INGIM	Buy of Units on ASX	10,301	5,301
5/12/2006	INGIM				5,691
		Suv of Units on ASX	96.679	57,429	57,429
5/12/2006	INGIM	Buy of Units on ASX	38,952	23,138	23,138
10/08/2006	INGFML	Buy of Units on ASX	270,729	175,000	175,000
11/08/2006	INGFML	Buy of Units on ASX
			416,764	266,000	266,000
24/08/2006	INGFML	Buy of Units on ASX	482,938	315,000	315,000
25/08/2006	INGFML	Buy of Units on ASX	1.563,390	1,020,000	1,020.000
31/08/2006	INGFML	Buy of Units on ASX	46,890	30,000
7/09/2006	INGFML				30,000
		Buy of Units on ASX	646,672	405,000	405,000
11/09/2006	INGFML	Buy of Units on ASX	340,076	215,000	215,000
14/09/2006	INGFML	Buy of Units on ASX	1,679,729	1,039,000	1,039,000
29/09/2006	INGFML	Buv of Units on ASX	71,852	45,000
15/10/2005	INGFML				45,000
		Buy of Units on ASX	76,342	45,714	45.714
18/10/2006	INGFML	Buy of Units on ASX	$40,474$ $\left \cdot \right $	24,286	24 286
19/10/2006	INGFML	Buy of Units on ASX	B2.191	50,000	50,000
26/10/2006	INGFML	Buy of Units on ASX	83,848	50,000
26/10/2006	INGFML	Buy of Units on ASX			50,000
			665,114	418,000	418,000
23/11/2006	INGFML	Buy of Units on ASX	736,318	427,216	427,216
24/11/2006	INGFML	Buy of Units on ASX	552,693	320,676	320.676
27/11/2006	INGFML	Buy of Units on ASX	374,889	213,784	213,784
28/11/2006	INGFML	Buv of Units on ASX	372,211
29/11/2006	INGFML			213,784	213 784
		Buy of Units on ASX	186,909	106,892	106,892
5/12/2006	INGFML	Buy of Units on ASX	1.753.179	1.041.424	1,041,424
5/12/2006	INGFML	Buy of Units on ASX	706,333	419,576	419.576
9/0B/2006	INGFML	Buy of Units on ASX	12,440	8.000 l	B.000
9/08/2006	INGFML	Buy of Units on ASX
			610,462	392,000	392,000
10/08/2006	INGFML	Buy of Units on ASX	185,643	120,000	120,000
11/08/2006	INGFML	Buy of Units on ASX	429,298	274,000	274,000
21/08/2006	INGFML	Buy of Units on ASX	678,989	440,000	440,000
24/08/2006	INGFML	Buy of Units on ASX
25/08/2006	INGFML		91,988	60,000	60,000
		Buy of Units on ASX	1,578,718	1.030.000	1,030,000
31/08/2006	INGFML	Buy of Units on ASX	138,762	67,500	37.500
7/09/2006	INGFML	Buy of Units on ASX	570,622	420,000	420,000
11/09/2006	INGFML	Buy of Units on ASX	320,305	202,500	202,500
14/09/2006	INGFML
29/09/2006		Buy of Units on ASX	1,781,580	1,102,000	1,102,000
	INGFML	Buy of Units on ASX	151,638	95,000	95,000
18/10/2006	INGFML	Buy of Units on ASX	200,400	120,000	120,000
26/10/2006	INGFML	Buy of Units on ASX	674,508	422,000	422,000
23/11/2006	INGFML	Buy of Units on ASX
24/11/2006			779.394	452,209	452,209
	INGFML	Buy of Units on ASX	585,650	339,803	339 903
27/11/2006	INGFML	Buy of Units on ASX	397,249	226,535	226,535
28/11/2006	INGFML	Buy of Units on ASX	394,411	226,535	226,535
29/11/2006	INGFML	Buy of Units on ASX	198,058		113,268
5/12/2006	INGFML			113,268
		Buy of Units on ASX	1,624,182	964,797	954,797
5/12/2006	INGFML	Buy of Units on ASX	654,360	388,703	585,703
10/08/2006	INGFML	Buy of Units on ASX	417,696	270,000	270,000
11/08/2006	INGFML	Buy of Units on ASX	553,074	353,000	353,000
24/08/2006	INGFML	Buy of Units on ASX
25/08/2006			674,580	440,000	440,000
	INGFML	Buy of Units on ASX	2,053,866	1 340,000	1,340,000
31/08/2006	INGFML	Buy of Units on ASX	54,705	$35,000$ $\left[-\right]$	35,000
7/09/2006	INGFML	Buy of Units on ASX	878,196	$550.000$ -	550,000
11/09/2006	INGFML	Buy of Units on ASX	450,799	285,000	285,000
14/09/2006	INGFML	Buy of Units on ASX
21/09/2006			2,211,617	1,368,000	1,368,000
	INGFML	Buy of Units on ASX	275.933	175,000	175,000
29/09/2006	INGFML	Buy of Units on ASX	399,180	250,000	250,000
3/10/2006	INGFML	Buy of Units on ASX	244.403	150,000 -	150,000
18/10/2006	INGFML	Buy of Units on ASX
19/10/2006			55,450	35,000	35,000
	INGFML	Buy of Units on ASX	164,382	100,000	100,000
25/10/2006	INGFML	Buy of Units on ASX	168,274	100,000	100,000
26/10/2006	INGFML	Buy of Units on ASX	879,098	550,000	550,000
23/11/2006	INGFML	Buy of Units on ASX	884.698	513.307
24/11/2006	INGFML				513,307
		Buy of Units on ASX	663,483	384,957	384,957
27/11/2006	INGFML	Buy of Units on ASX	450,037	256,638	256,638
28/11/2006	INGFML	Buy of Units on ASX	446,823	256,636	256,638
29/11/2006	INGFML	Buy of Units on ASX	224,376	128,319	128,319
5/12/2006	INGFML	Euy of Units on ASX
5/12/2006			2,100,574	1,247,784	1,247,784
	INGFML	Euy of Units on ASX	846,294	502,716	502,716

ANNEXURE 'C'

Present relevant interests

This is the annexure marked 'C' of Deage referred to In Form 603 initial substantial shareholder signed by me on: 0 0 3 - 1 > 0 0

忞

S S Rouvray
Secretary, ING Australia Heldings Limiled

Holder of relevant interest	Registered holder of socialties	Porson entitled to be registered as holder	Nalure of relevant inlarest	Class and number of Pleaser's volus. lancurdian i
IING Group	ANZ Managed linvestmenta Limited C/- ANZ Nominees Limited	IING Funds Management Ltd as Responsible Entity	l Relevant. Interest erising loursuant to section 608(1) lof the Corporations Act	20,874,996	20.874.996
ING Group	ANZ Nominees Limited LFG Holdings Pty Ltd	IING Life Ltd as Responsible Entity	lAs above	8,683.201	8,683,201
IING Group	Citicorp Nominees Pty Tax Effective Income Fund	Limited Custodian for CFS ING Investment Management Limited as lResponsible Enlity	As above	121.967	121,967
IING Group	Citicorp Nominees Ptv Limited as Custodian for Commonwealth Property Fund 5	ING Investment Management Limited as Responsible Entity	As above	356,477	356,477

30,036.641 30,036,641

$\sim$ $\sim$

$\sim$

ANNEXURE 'C'

ING Group

lName.	Address	Abbreviation*
ING Groep N.V. and its related	IING House.	ING Group
bodies corporate	Armstelveenseweg 500
	1081 KL Amsterdam
	Netherlands
ING Australia Holdings Limited	Level 1, 347 Kent Street	ING Holdings
	Sydney NSW 2000
ING Investment Management	Level 1, 347 Kent Street	ING Investment Management
Limited (Formerly Mercantile Mutual Investment	Sydney NSW 2000
Management Limited
ING Management Limited	Level 6, 345 George	ING Management Limited
	Street, Sydney NSW 2000
ING Real Estate International	IING Real Estate	ING Real Estate Investment Management
Investments III BV	International Schenkkard	Australia Pty Limited
	65 The Netherlands
ANZ Managed Investments C/-	GPO Box 2842AA.	ANZ Nominees
ANZ Nominees Limited	Melbourne VIC 3001
ANZ Nominees Limited	GPO Box 2842AA.	ANZ Nominees Limited
	Melbourne VIC 3001
Cogent Nominees Pty Limited	Cogent Nominees Ptv Limited PO Box R209	Cogent Nominees Pty Limited (BNP Nominees)
	Royal Exchange NSW
	1225
Citicorp Nominees Pty Limited	GPO Box 764G	Citicorp Nominees
	Melbourne VIC 3001
J P Morgan Nominees Australia Locked Bag 7 Royal.		J P Morgan Nominees Australia Limited
Limited	Exchange Sydney NSW
National Nominees Limited	2001 . Level 5 South 271 Collins	National Nominees Limited
	Street Melbourne VIC
	3000
Promier Nominees NO 1	No.1 Account C/-	Premier Nominees Limited
Account Limited	Armstrong Jones (New
	Zealand Limited PO Box
	7149 Wellesley Street
	Auckland 1036 New
	Zealand
RBC Global Services Australia	GPO Box 5430 Sydney	RBC Global Services
Nominees Pty Limited	NSW 2000