DEXUS — Major Shareholding Notification 2007

Jan 9, 2007

ING®

$\mathbb{C}$ .

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	$\mathbf{v}$ 10 January 2007
Number of pages including this page	10
	02 9234 8402 If all pages are not received please telephone
Subject	FORM 603

Dear Sir

Attached please find an amended Form 603 Initial Substantial Shareholder Notice in relation to DB RREEF Trust to replace the onc dated 8 December 2006.

Yours faithfully

Steve Rouvray Secretary

$\cdot$

$\frac{1}{1}$

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

10 January 2007

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

Fax: 02 9017 1102

Dear Sir,

Enclosed please find an amended Form 603 Initial Substantial Shareholder Notice to replace that dated 8 December 2006.

Yours faithfully

Steve Rouvray Secretary

$\pm$

503 page 1/2 15 July 2001

AHENDED

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scherr's	DB RREEF Trust
ACN/ARSN
1. Details of substantial holder (1)
Name	ING Australia Holdings Limited (and related entities as per Annexure A)
ACN/ARSN (if applicable)	008 459 596

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	151524910	151524910	5.325

3. Details of relevant interests

The nature of the relevant inturest the substantial holder or an associate had in the following voring 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
	ixefer 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 (8)	Class and number of securities
	refer Autoxure C

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and accuired 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 lollows;

Name and ACN/ARSN (if applicable)	Nature of association
	Related entities

7. Addresses

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

Name	Address
	refer Annexure C

Signature

	print name S S ROUVRAY	capacity SECRETARY
sign here		date 10 / 01 / 2007

DIRECTIONS

• If there are a number of substantial holders with smillar or related relevant Intorests (eg. a corporation and its related corporations, or the manager and trusted of an $(1)$ equity trust), the names could be included in an annexure to the lonn. If the relevant interests of a group of persons are essentially similar, they may be reforred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the torm.
• See the definition of "associate" in section 9 of the Corporations Act 2001 $(2)$
• See the definition of "relevant interest" in sections GCB and 671B(7) of the Corporations Act 2001. $\left( 3\right)$
• The voting shares of a company constitute one class unless divided into separate classes. $\left( 4\right)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (ii any) that the person or an associate has a relevant (5) interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $\left( 6 \right)$
• include details ol: $\sigma$
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies ia copy of any document setting out -20) 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 larrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or ideposal of the securities to (b) which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

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

• If the substantial holder is unable to determine the identity of the person (log. If the relevant interest auses because of an option) write "unknown". $\left( 0\right)$
• 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 $\left( 9\right)$ enrifled to receive in relation to that acquisition. Details must be included over if the benefit is conditional on the happening or rot of a contingency. Details must be included of any benefit paid on bohalf 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 'B'

Changes in relevant interests

This is the annexure marked B' of 4 pages referred to in the form 603 initial substantial shareholder signed by me on: $\log_{\pi}$ 04= 07

S & Rouvray
Secretary, ING Australia Holdings Limited

	Person whose relevant interest changed	Natura of change	Consideration given in Class and number raletion to change	of eccunties alfocied	Pomon's volun لمصدوري
			12,440	8,000	8.000
9/08/2006	CFSTEI	Buy of Units on ASX Buy of Units on ASX	12.4401	8,000	8.000
9/08/2006	T9101 T9101	Buy of Units on ASX	610,462	392,000	392,000
9/08/2006 10/08/2006	B9611	Buy of Units on ASX	270.729	175,000	175.000
10/08/2006	T9101	Buy of Units on ASX	185,643	120,000	120,000
10/08/2006	T9302	Buy of Units on ASX	417,696	270,000	270,000 5,000
11/08/2006	CFSTEI	Buy of Units on ASX	7,834 23,502	5,000 15,000	15,000
11/08/2006	X1040	Buy of Units on ASX Buy of Units on ASX	416.764	266,000	266,000
11/05/2006	B9611	Buy of Units on ASX	429,298	274,000	274,000
11/08/2006 11/08/2006	T9101 T9302	Buy of Units on ASX	553,074	353,000	353,000
11/08/2006	L4541	Buy of Units on ASX	449,666 -	287,000	287,000
11/06/2006	L4543	Buy of Units on ASX	131,610	84,000 5.000	B4,000 5,000
21/08/2006	CFSTEI	Buy of Units on ASX	7.716 7.741	5,000	5,000
21/08/2006	X1040	Buy of Units on ASX Buy of Units on ASX	678,989	440,000	440.000
21/06/2006 24/08/2006	T9101 INGL	Buy of Units on ASX	212,339	138,500	138,500
25/08/2306	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	450,000 220,000
11/09/2006	INGL	Buy of Units on ASX	347.985 1,810,680	220,000 1.120.000	1,120,000
14/09/2006	INGL	Buy of Units on ASX Buy of Units on ASX	119.754	75,000	75,000
29/09/2006	INGL INGL	Buy of Units on ASX	152.666	91.429	91.429
18/10/2006 18/10/2006	īNGL	Buy of Units on ASX	80.947	48 571	48,571
26/10/2006	INGL	Buy of Units on ASX	134.465	110,000	110,000
26/10/2006	INGL	Buy of Units on ASX	716,065 771.419	448,000 447.582	448,000 447.552
23/11/2006	INGL	Buy of Units on ASX Buy of Units on ASX	576,148	335.445	335,445
24/11/2006 27/11/2006	INGL INGL	Buy of Units on ASX	392,155	223,630	223,630
28/11/2006	INGL	Buy of Units on ASX	389,354	223,630	223,630
29/11/2006	INGL	Buy of Units on ASX	195,517	111.815 1,069,224	111, B15 1.069,224
5/12/2006	INGL	Buy of Units on ASX Buy of Units on ASX	1,799,979 725,187	430,776	430,776
5/12/2006 6/12/2006	INGL INGL	Buy of Units on ASX	352.941	212,500	212,500
15/12/2006	INGL	Buy of Units on ASX	487.484	281.548	261,548
24/06/2006	INGL	Buy of Units on ASX	61.325	40,000	40.000 310,000
25/09/2006	INGL	Buy of Units on ASX Buy of Units on ASX	475.148 7.815	310,000 5.000	5,000
31/08/2006	INGL.	Buy of Units on ASX	223.541	140,000	140.000
7/09/2006 11/09/2006	INGL INGL	Buy of Units on ASX	102.814	65,000	85,000
14/09/2006	INGL	Buy of Units on ASX	527.037 -	328,000	326,000
29/09/2006	INGL	Buy of Units on ASX	55,885 -	35,000	35,000 12,143
18/10/2006	INGL	Buy of Units on ASX	20.237 38.1711-	12,143 22,857	22,857
18/10/2006	INGL INGL	Buy of Units on ASX Buy of Units on ASX	55.340 l	33,000	33,000
26/10/2006 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	128,211
24/11/2006	INGL	Buy of Units on ASX	165,453 112,226	95,997 63,998	95,997 63,998
27/11/2006	INGL	Buy of Units on ASX Buy of Units on ASX	111 424	63,998	63,998
28/11/2006 29/11/2006	INGL INGL	Buy of Units on ASX	55,953	31,999	31,999
5/12/2006	INGL	Buy of Units on ASA	503,995	299,383	299,383
5/12/2006	INGL	Buy of Units on ASX	203.052	120,617	120,617
6/12/2006	INGL	Buy of Units on ASX	99.654 139,566	60,000 80,607	60,000 80,607
15/12/2006 21/08/2006	INGL INGIM	Buy of Unite on ASX 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	INGIM	Buy of Units on ASX	30,655	20,000	20,000
31/05/2006	INGIM	Buy of Units on ASX	3,907 15,967	2,500 10,000	2,500 10,000
7/09/2006	INGIM	Buy of Units on ASX Buy of Units on ASX	3,954	2,500	2,500
11/09/2006	INGIM INGIM	Buy of Units on ASX	33,950	21,000	21,000
14/09/2008 18/10/2008	INGIM	Buy of Units on ASX	8,350	5,000	5,000
26/10/2008	INGIM	Buy of Units on ASX	5.031	3,000	3.000
26/10/2006	INGIM	Buy of Units on ASX	12,787 15,562	8,000 7,869	8.000 7.669
23/11/2006	INGIM INGIM	Buy of Units on ASX Buy of Units on ASX	9,390	5,448	5,445
24/11/2006

					3,532
27/11/2006	INGIM	Buy of Units o n ASX	6,369	3.632 3,632	3,632
28/11/2006	INGIM	Buy of Units on ASX	0,324 3.175	1,816	1,816
29/11/2006	INGIM	Buy of Units on ASX	33,600	19,959	19,950
5/12/2006	INGIM	Buy of Units on ASX	13,537	8,041	8,041
5/12/2006	INGIM	Buy of Units on ASX Buy of Units on ASX	5,813	3,500	3,500
6/12/2006	INGIM	Buy of Units on ASX	8,657	5,000	5,000
15/12/2006	INGIM	Buy of Units on ASX	7,741	5,000	5,000
21/08/2006	INGIM INGIM	Buy of Units on ASX	7,666	5,000	5,000
24/08/2006	INGIM	Buy of Units on ASX	84,300	55,000	55.000
25/08/2006 7/09/2006	INGIM	Buy of Units on ASX	39,915	25,000	25,000
11/09/2006	INGIM	Buy of Units on ASX	15.818	10,000	10.000
14/09/2006	INGIM	Buy of Units on ASX	92,151	57,000	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 23,606
23/11/2006	INGIM	Buy of Units on ASX	40,686 30,462	23,606 17,674	17.674
24/11/2006	INGIM	Buy of Units on ASX	20,663	11,783	11.783
27/11/2006	INGIM	Buy of Units on ASX	20,515	11,753	11,785
28/11/2006	INGIM	Buy of Units on ASX	10,301	5,891	5,891
29/11/2006	INGIM	Buy of Units on ASX Buy of Units on ASX	96,679	57,429	57.429
5/12/2006	INGIM INGIM	Buy of Units on ASX	38,952	23,138	23,138
5/12/2008	INGIM	Buy of Units on ASX	20,761	12,500	12,500
6/12/2006 15/12/2006	INGIM	Buy of Units on ASX	25,835	14,921	14,921
24/08/2006	INGFML	Buy of Units on ASX	482,938	315,000	315,000 1,020,000
25/08/2006	INGFML	Buy of Units on ASX	1.563,390	1,020,000	30,000
31/08/2006	INGFML	Buy of Units on ASX	46,890 646,672	30.000 405,000	405,000
7/09/2006	INGFML	Buy of Units on ASX	340,076	215,000	215,000
11/09/2006	INGFML	Buy of Units on ASX Buy of Units on ASX	1,679,729	1.039.000	1,039,000
14/09/2006	INGFML	Buy of Units on ASX	71.B52	45,000	45,000
28/09/2006 18/10/2006	INGFML INGFML	Buy of Units on ASX	76.342	45.714	45,714
18/10/2005	INGFML	Buy of Units on ASX	40.474	24.286	24,286
19/10/2006	INGFML	Buy of Units on ASX	82.191	50,000	50,000
26/10/2006	INGFML	Buy of Units on ASX	83,848	50.000	50,000 418,000
26/10/2006	ĪNGFML	Buy of Units on ASX	668,114 736,318	418,000 427,216	427,216
23/11/2006	INGFML	Buy of Units on ASX	552,693	320.676	320,676
24/11/2006	INGFML INGFML	Buy of Units on ASX Buy of Units on ASX	374.889	213,764	213,734
27/11/2006 28/11/2006	INGFML	Buy of Units on ASX	372,211	213,784	213,754
29/11/2006	INGFML	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	419,576 225,000	419,576 225,000
6/12/2006	INGFML	Buy of Units on ASX	373.702 468,399]-	270,525	270,525
15/12/2006	INGFML	Buy of Units on ASX Buy of Units on ASX	678,989	440,000	440,000
21/08/2006 24/08/2006	INGFML INGFML	Buy of Units on ASX	91,988	60,000	60,000
25/08/2006	INGFML	Buy of Units on ASX	1,578,716	1,030,000	1,030,000
31/08/2006	INGFML	Buy of Units on ASX	136.762 -	67.500	87,500
7/09/2006	INGFML	Buy of Units on ASX	670.622	420,000	420,000
11/09/2006	INGFML	Buy of Units on ASX	320,305	202,500 1,102,000	202.500 1.102.000
14/09/2006	INGFML	Buy of Units on ASX	1,781,580 - 151,688	95.000	95,000
29/09/2006	INGFML	Buy of Units on ASX Buy of Units on ASX	200,400	120,000	120,000
18/10/2006	INGFML INGFMI	Buy of Units on ASX	674.508 -	422.000	422,000
26/10/2006 23/11/2006	INGFML	Buy of Units on ASX	779.394	452,209	452,20B
24/11/2006	INGFML	Buv of Units on ASX	585.659	E0B.282	339,803
27/11/2006	INGFML	Buy of Units on ASX	397,249	226,535	226,535 226,535
26/11/2006	INGFML	Buy of Units on ASX	594 411 198.058	226,535 113,268	113,26B
29/11/2006	INGFML	Buy of Units on ASX Buy of Units on ASX	1,624.182	964.797	964,797
5/12/2006	INGFML	Buy of Units on ASX	654,350	388,703	368,703
5/12/2006	INGFML INGFML	Buy of Units on ASX	351.280	211,500	211,500
6/12/2006 15/12/2006	INGFML	Buy of Units on ASX	473.969	273.742	273.742
24/08/2006	INGFML	Buy of Units on ASX	674.580	440.000	440,000
25/08/2006	INGFML	Buy of Units on ASX	2,053.866	1,340,000	1,340,000
31/05/2006)	INGFML	Buy of Units on ASX	54,705 878,196	35,000 550,000	35.000 550,000
7/09/2006	INGFML	Buy of Units on ASX Buy of Units on ASX	450,799 -	285,000	285,000
11/09/2006 14/09/2006	INGFML INGFML	Buy of Units on ASX	2,211,617	1,368,000 ۱.	1,368,000
21/09/2006	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 35,000
18/10/2006	INGFML	Buy of Units on ASX	58,450 164,382	35,000 100,000	100,000
19/10/2006	INGFML INGFML	Buy of Units on ASX Buy of Units on ASX	168,274	100,000 -	100,000
25/10/2006 26/10/2006	INGFML	Buy of Units on ASX	379,096	550,000	550,000
23/11/2006	INGFML	Buy of Units on ASX	884,698	513,307	513,307
24/11/2006	INGFML	Buy of Units on ASX	663,483	364,957	354,957
27/11/2006	INGFML	Buy of Units on ASX	450,037	255,638	256,638
28/11/2006	INGFML	Buy of Units on ASX	446,823 224,376	256,638 128,319	256.635 128,319
29/11/2006	INGFML	Buy of Units on ASX Buy of Units on ASX	2,100,574	1.247,754	1,247.784
5/12/2006 5/12/2006	INGFML INGFML	Buy of Units on ASX	846,294	502,716	502.716

			456.747	275,000	275,000
6/12/2006	INGFML	Buy of Units on ASX Buy of Units on ASX	560.394	323,657	323.657
15/12/2006	INGFML INGNZ	Buy of Units on ASX	n/a	1,042	1.042
15/08/2008 15/05/2006	INGNZ	Buy of Units on ASX	na	16,563	16,563
16/08/2006	INGNZ	Buy of Units on ASX	n/a	0,278	8.278 16,830
17/08/2006	INGNZ	Buy of Units on ASX	n/a	16,830 6,898	6,895
17/08/2006	ĪNGNZ	Buy of Units on ASX	ma п'nа	5,056	5,058
16/08/2008	INGNZ	Buy of Units on ASX	n'a	2,788	2.768
21/08/2006	INGNZ	Buy of Units on ASX Buy of Units on ASX	n/a	7.953	7.053
22/08/2006	INGNZ INGNZ	Buy of Units on ASX	πa	4,681	4. BB 1
23/05/2006 24/08/2006	INGNZ	Buy of Units on ASX	п/а	13,105	13 105
29/08/2006	NGNZ	Buy of Units on ASK	n/а	10.822	10.822 9.962
29/08/2006	INGNZ	Buy of Units on ASX	n/a	9,962 18,992	18.992
30/08/2006	INGNZ	Buy of Units on ASX	n/a п/п	150,000	150,000
19/10/2006	INGNZ	Buy of Units on ASX Buy of Units on ASX	n/я	554,575	554,575
8/11/2006	INGNZ CLARION	Buy of Units on ASX	73,500	73,500	73,500
3/08/2006 11/08/2006	CLARION	Buy of Units on ASX	58,000	58,000	58,000
16/08/2006	CLARION	Buy of Units on ASX	19,900	19,900 10,000	19,900 10,000
18/0B/2006	CLARION	Buy of Units on ASX	10,000 25,000	25,000	25.000
18/08/2006	CLARION	Buy of Units on ASX	150,000	150,000	150,000
21/08/2006	CLARION	Buy of Units on ASX Buy of Units on ASX	69,900	69,900	69,900
22/08/2006 23/08/2006	CLARION CLARION	Buy of Units on ASX	18,000	18,000	18,000
24/08/2006	CLARION	Buy of Units on ASX	13,200	13,200	13,200
30/08/2006	CLARION	Buv of Units on ASX	15,200	15,200	15,200 7,000
30/08/2006	CLARION	Buy of Units on ASX	7,000 30,000	7,000 30,000	30,000
30/06/2006	CLARION	Buy of Units on ASX Buy of Units on ASX	25.000	25,000	25,000
31/08/2006	CLARION CLARION	Buy of Units on ASX	160,000	160,000	160,000
5/09/2006 6/09/2006	CLARION	Buy of Units on ASX	12,000	12,000	12,000
6/09/2006	CLARION	Buy of Units on ASX	21,400	21,400	21,400
6/09/2006	CLARION	Buy of Units on ASX	51,000 2.000.000	51,000 2,000,000	51,000 2,000,000
6/09/2006	CLARION	Buy of Units on ASX	28,000	28,000	28,000
7/09/2006	CLARION CLARION	Buy of Units on ASX Buy of Unils on ASX	15.000	15,000	15,000
8/09/2006 12/09/2006	CLARION	Buy of Units on ASX	49.700	49.700	49,700
12/09/2006	CLARION	Sale of Units on ASX	8,300	8.300	8,300
13/09/2006	CLARION	Buy of Units on ASX	3,000,000	3,000,000	3,000,000
15/09/2006	CLARION	Buy of Units on ASX	3,000	3,000_	3,000 5,000
19/09/2006	CLARION	Buy of Units on ASX Buy of Units on ASX	5,000 25,000	5.000 25,000	25,000
20/09/2006	CLARION CLARION	Buy of Units on ASX	710,400	710,400	710,400
20/09/2006 20/09/2006	CLARION	Buy of Units on ASX	19,200	19,200	19,200
26/09/2006	CLARION	Sale of Units on ASX	139,500	139,500	139,500
27/09/2006	CLARION	Buy of Units on ASX	16.100	16,100	16,100 26,600
27/09/2006	CLARION	Buy of Units on ASX	26,600 25,000	26,600 25.000	25,000
27/09/2006	CLARION	Buy of Units on ASX Buy of Units on ASX	38,100	38.100	38,100
27/09/2008 29/09/2006	CLARION CLARION	Buy of Units on ASX	2,000	2,000	2,000
29/09/2006	CLARION	Buy of Units on ASX	7,100	7.100	7,100
29/09/2006	CLARION	Buy of Units on ASX	193,000	193,000	193,000
29/09/2006	CLARION	Buy of Units on ASX	1.100	1,100 3,200	1,100 3,200
29/09/2006	CLARION	Buy of Units on ASX	3,200 71,200	71,200	71,200
29/09/2006	CLARION CLARION	Buy of Units on ASX Buy of Units on ASX	48.000	46,000	46,000
3/10/2000 4/10/2006	CLARION	Buy of Units on ASX	2,000,000	2,000,000	2,000,000
12/10/2006	CLARION	Buy of Units on ASX	15,000	15,000	15,000
13/10/2006	CLARION	Buy of Units on ASX	20.000	20,000 131,100	20.000 131,100
16/10/2006	CLARION	Sale of Units on ASX Sale of Units on ASX	131.100 343.400	343,400	343,400
16/10/2006 16/10/2006	CLARION CLARION	Sale of Units on ASX	3.500 - $\blacksquare$	3,500	3,500
16/10/2006	CLARION	Sale of Units on ASX	9,100 $\blacksquare$	9,100	9,100
16/10/2006	CLARION	Sale of Units on ASX	9.600	9,600	9,600
16/10/2006	CLARION	Sale of Units on ASX	25.200	25,200	25,200
16/10/2006	CLARION	Sale of Units on ASX	6,400 16,700	6,400 16,700	6,400 16,700
16/10/2006 16/10/2006	CLARION CLARION	Sale of Units on ASX Sale of Units on ASX	55,200	55,200	55,200
16/10/2006	CLARION	Sale of Units on ASX	144,700 $\blacksquare$	144,700	144,700
16/10/2006	CLARION	Sale of Units on ASX	4,600	4,600	4,600
16/10/2006	CLARION	Sale of Units on ASX	11.900 ä. 2,900 ä,	11,000 2,900	11,900 2,900
15/10/2006	CLARION CLARION	Sale of Units on ASX Sale of Units on ASX	7,600	7.600	7,600
16/10/2006 16/10/2006	CLARION	Sale of Units on ASX	2,700 ä,	2,700	2,700
16/10/2006	CLARION	Sala of Units on ASX	6.000 ä,	6,900	6.900
16/10/2006	CLARION	Sale of Units on ASX	4,500 $\overline{a}$ 11,700 -	4,500 11,700	4.500 11,700
16/10/2006	CLARION	Sale of Units on ASX Sale of Units on ASX	19.000	19,000 -	19,000
16/10/2006 16/10/2006	CLARION CLARION	Sale of Units on ASX	49,900	49,900	49.900
16/10/2006	CLARION	Sale of Units on ASX	1,000 -	1,000	1,000
16/10/2006	CLARION	Sale of Units on ASX	2,600	2,800 11,900	2.800 11,900
16/10/2006	CLARION CLARION	Sale of Units on ASX Sale of Units on ASX	$11,900 -$ $31,200 -$	31,200	31,200
16/10/2006

				46,000 -	46.000
16/10/2006	CLARION	Sale of Units on ASX	46.000	120,300	120,300
16/10/2006	CLARION	Sale of Units on ASX.	120,300	11.100 l-	11.100
16/10/2006	CLARION	Sale of Units on ASX	11.100 29.000	29,000	29.000
15/10/2006	CLARION	Sale of Units on ASX	÷ 20.200	20,200	20.200
16/10/2006	CLARION	Sale of Units on ASX	L. 53.000 L.	53,000	53,000
16/10/2006	CLARION	Sale of Units on ASX	5,400 $\overline{\phantom{a}}$	5.400	5 400
16/10/2006	CLARION	Sale of Units on ASX	14,200	$\overline{1}$ 4.200	14.200
16/10/2006	CLARION	Sale of Units on ASX	10,100 $\blacksquare$	10,100	10,100
16/10/2006	CLARION	Sale of Units on ASX Sa le of Un its on ASX	26,400 $\blacksquare$	26,400	26,400
16/10/2006	CLARION	Sale of Units on ASX	8.500 $\overline{a}$	8,500	8,500
16/10/2006	CLARION	Sale of Units on ASX	22,100 $\overline{\phantom{a}}$	22,100	22.100
16/10/2006	CLARION	Sale of Units on ASX	107,100 L.	107,100	107,100
16/10/2006	CLARION CLARION	Sale of Units on ASX	280.400 $\overline{a}$	280.400	280,400
16/10/2006	CLARION	Sale of Units on ASX	3,100 $\frac{1}{2}$	3,100	3,100
16/10/2006 16/10/2006	CLARION	Sale of Units on ASX	6,300	8,500	8,500
16/10/2000	CLARION	Sale of Units on ASX	5,300 L.	5,300	5,300
16/10/2006	CLARION	Sale of Units on ASX	13,800 ÷,	13,300	13,600
16/10/2006	CLARION	Sale of Units on ASX	4,100 $\overline{a}$	4,100	4,100
16/10/2006	CLARION	Sale of Units on ASX	10.600	10.600 9,200	10.600 9,200
16/10/2006	CLARION	Sale of Units on ASX	9,200 24,200	24,200	24,200
16/10/2006	CLARION	Sale of Units on ASX	$\blacksquare$ 118.400 $\overline{a}$	118,400	118,400
16/10/2006	CLARION	Sale of Units on ASX	310.200 l- $\overline{a}$	310.200	310.200
16/10/2006	CLARION	Sale of Units on ASX	2,600 -	2,600	2,600
16/10/2006	CLARION	Sale of Units on ASX Sale of Units on ASX	6,900	6.900	6,900
16/10/2005	CLARION	Sale of Units on ASX	4.40D ä,	4.400	4,400
16/10/2006 16/10/2006	CLARION CLARION	Sale of Units on ASX	11,500 $\overline{a}$	11.500	11,500
16/10/2006	CLARION	Sale of Units on ASX	5,600	8.600	8,600
16/10/2006	CLARION	Sale of Units on ASX	22,400 ä	22,400	22.400
16/10/2006	CLARION	Sale of Units on ASX	7.200	7.200	7.200 19,000
16/10/2006	CLARION	Sale of Units on ASX	19,000 12,200	19.000 12,200	12,200
16/10/2006	CLARION	Sale of Units on ASX	$\blacksquare$ 32,100	32,100	32,100
16/10/2006	CLARION	Sale of Units on ASX Sale of Units on ASX	2,800 $\overline{a}$	2,800	2,800
16/10/2006	CLARION CLARION	Sale of Units on ASX	7,300 $\blacksquare$	7,300	7,300
16/10/2006 16/10/2006	CLARION	Sale of Units on ASX	124,900 $\overline{a}$	124.900	124,800
16/10/2006	CLARION	Sale of Units on ASX	327,200 $\overline{a}$	327,200	327,200
17/10/2006	CLARION	Sale of Units on ASX	30.000	30,000	30,000
15/10/2006	CLARION	Buy of Units on ASX	1.000,000	1.000.000	1,000,000 700.000
25/10/2006	CLARION	Buy of Units on ASX	700.000 93,000	700.000 93,000	93,000
25/10/2006	CLARION	Buy of Units on ASX	15,600	15,600	15,600
27/10/2006	CLARION	Buy of Units on ASX Buy of Units on ASX	170,000	170.000	170.000
2/11/2006	CLARION	Buy of Units on ASX	20.000	20.000	20.000
2/11/2006 3/11/2006	CLARION CLARION	Buy of Units on ASX	6.000	6,000	0.000
3/11/2006	CLARION	Buy of Units on ASX	10.000	10.000	10,000
7/11/2006	CLARION	Buy of Units on ASX	20.000	20.000	20,000
14/11/2006	CLARION	Buy of Units on ASX	150.000	150.000	150,000
14/11/2006	CLARION	Buy of Units on ASX	50,000	50,000 25,000	50,000 25.000
21/11/2006	CLARION	Buy of Units on ASX	25,000 120.000	120.000	120,000
22/11/2006	CLARION	Buy of Units on ASX Sale of Units on ASX	6,100	6,100	6,100
1/12/2006	CLARION CLARION	Buy of Units on ASX	250.000	250,000	250,000
5/12/2006 5/12/2006	CLARION	Buy of Units on ASX	50.000	50,000	50,000

ANNEXURE 'C'

Present relevant Interests

This is the annexure marked 'C' of 2-page referred to in Form 603 initial substantial shareholder signed by me on: $\pm \infty$ = $\circ \pm \circ 3$

S S Rouvray
Secretary, ING Australia Holdings Limited

Holder of relevant interest	Registered holder of metallics	Person entitled to be registered as holder	Neturo of relevant Interest	Class and number of Person's votes securities
IING Group	ANZ Managed Investments Limited C/- ANZ Nominees Limited	ING Funds Management Ltd as Responsible Entity	Relevant interest anslug oursuant to section 608(1) at the Corporations AcL	20.874,996	20,874,996
ING Group	ANZ Nominees Limited	ING Life Ltd as Responsible Entity	As above	8,653,201	8,683,201
ING Group	Chicorp Nominees Pty I imited as Custodian for Commonwealth Property Fund 5	IING Investment Management Limited as Responsible Entity	As above	356,477	356,477
IING Group	Citicorp Nominees Pty Tax Effective Income Fund	Limited Custodian for CFS ING Investment Management Limited as Responsible Entity	lAs above	120,467	120,467
ING Group	ING (NZ) Limited	ING (NZ) Limited	As above	5,973.985	5.973,985
ING Group	NG Clarion Real Estate Securtios	ING Clarion Real Estate Securities	As above	115,515,784	115,515,784

151,524,910 151,524,910

$\mathcal{L}^{\mathcal{L}}$

$\mathcal{L}^{\mathcal{A}}$

ANNEXURE 'C'

ING Group

		Abbreviation
Name	Address
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	Sydney NSW 2000
Mutual Investment
Management Limited
ING Management Limited	Level 6 345 George	ING Management Limited
	Street, Sydney NSW 2000
ING Real Estate International	ING Real Estate	ING Real Estate Investment Management
Investments III BV	International Schenkkard	Australia Ptv Limited
	65 The Netherlands
ANZ Managed Investments C/-	GPO Box 2B42AA.	ANZ Nominees
ANZ Nominees Limited	Melbourne VIC 3001
ANZ Nominess Limited	GPO Box 2842AA	ANZ Nominees Limited
	Melbourne VIC 3001
Cogent Nominees Pty Limited	Cogent Nominees Pty	Cogent Naminecs Pty Limited (BNP Nominees)
	Limited PO Bax R209
	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
	2001
National Nominees Limited	Level 5 South 271 Collins	National Nominees Limited
	Street Melbourne VIC
	3000
Premier Nominees NO 1	No.1 Account C/-	Premier Nominees Limited
Account Limited	Armstrong Janes (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