INGENIA COMMUNITIES GROUP — AGM Information 2007

Oct 16, 2007

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ING Management Limited ABN 15 006 065 032 Level 6, 345 George Street Sydney NSW 2000

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Westin Hotel
MACQUARIE STREET
GEORGE STREET
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CIRCULAR
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PITT STREET
ELIZABETH STREET
YORK STREET
KING STREET
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ING Real Estate Community Living Group Comprising of ING Real Estate Community Living Management Trust (ARSN 122 928 410) and ING Real Estate Community Living Fund (ARSN 107 459 576) Responsible Entity: ING Management Limited ABN 15 006 065 032

APPOINTMENT OF PROXY

If you would like to attend and vote at the Annual Unitholder Meeting, please bring this form with you. This will assist in registering your attendance.

Please return your Proxy forms to: Link Market Services Limited Level 12, 680 George Street, Sydney NSW 2000 Locked Bag A14, Sydney South NSW 1235 Australia Telephone: 1300 653 497 From outside Australia: +61 2 8280 7057 Facsimile: +61 2 9287 0309 ASX Code: ILF Website: www.linkmarketservices.com.au

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I/We being a member(s) of ING Real Estate Community Living Group and entitled to attend and vote hereby appoint

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A
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the Chairman OR if you are NOT appointing the Chairman of the of the Meeting Meeting as your proxy, please write the name of the (mark box) person or body corporate (excluding the registered Unitholder) you are appointing as your proxy

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or failing the person/body corporate named, or if no person/body corporate is named, the Chairman of the Meeting, as my/our proxy to act generally at the meeting on my/our behalf and to vote in accordance with the following instructions (or if no directions have been given, as the proxy sees fit) at the Annual Unitholder Meeting of the Fund to be held at 12:00pm on Monday, 12 November 2007, at The Barnet Room, The Westin Sydney, 1 Martin Palce Sydney and at any adjournment of that meeting.

Where more than one proxy is to be appointed or where voting intentions cannot be adequately expressed using this form an additional form of proxy is available on request from the unit registry. Proxies will only be valid and accepted by the Fund if they are signed and received no later than 48 hours before the meeting. The Chairman of the Meeting intends to vote undirected proxies in favour of all items of business.

B To direct your proxy how to vote on any resolution please insert in the appropriate box below.X

For Against Abstain Resolution 1* Amendments to the Constitution of the ING Real Estate Community Living Fund

The Chairman of the meeting intends to vote undirected proxies in favour of the Resolution.

• If you mark the Abstain box for a particular Item, you are directing your proxy not to vote on your behalf on a show of hands or on a poll and your votes will not be counted in computing the required majority on a poll.

C	SIGNATURE OF UNITHOLDERS – THIS MUST BE COMPLETED
Unitholder 1 (Individual) Joint Unitholder 2 (Individual) Joint Unitholder 3 (Individual) Sole Director and Sole Company Secretary Director/Company Secretary (Delete one) Director

This form should be signed by the Unitholder. If a joint holding, either Unitholder may sign. If signed by the Unitholder’s attorney, the power of attorney must have been previously noted by the registry or a certified copy attached to this form. If executed by a company, the form must be executed in accordance with the Unitholder’s constitution and the Corporations Act 2001 (Cwlth).

Link Market Services Limited advises that Chapter 2C of the Corporations Act 2001 requires information about you as a Unitholder (including your name, address and details of the Units you hold) to be included in the public register of the entity in which you hold Units. Information is collected to administer your Unitholding and if some or all of the information is not collected then it might not be possible to administer your Unitholding. Your personal information may be disclosed to the entity in which you hold Units. You can obtain access to your personal information by contacting us at the address or telephone number shown on this form. Our privacy policy is available on our website (www.linkmarketservices.com.au).

ILF PRX741

How to complete this Proxy Form

1 Your Name and Address

This is your name and address as it appears on the Fund’s unit register. If this information is incorrect, please make the correction on the form. Unitholders sponsored by a broker should advise their broker of any changes. Please note: you cannot change ownership of your units using this form.

2 Appointment of a Proxy

If you wish to appoint the Chairman of the Meeting as your proxy, mark the box in section A. If the person you wish to appoint as your proxy is someone other than the Chairman of the Meeting please write the name of that person in section A. If you leave this section blank, or your named proxy does not attend the meeting, the Chairman of the Meeting will be your proxy. A proxy need not be a unitholder of the Fund. A proxy may be an individual or a body corporate.

3 Votes on Items of Business

You should direct your proxy how to vote by placing a mark in one of the boxes opposite each item of business. All your units will be voted in accordance with such a direction unless you indicate only a portion of voting rights are to be voted on any item by inserting the percentage or number of units you wish to vote in the appropriate box or boxes. If you do not mark any of the boxes on the items of business, your proxy may vote as he or she chooses. If you mark more than one box on an item your vote on that item will be invalid.

4 Appointment of a Second Proxy

You are entitled to appoint up to two persons as proxies to attend the meeting and vote on a poll. If you wish to appoint a second proxy, an additional Proxy Form may be obtained by telephoning the Fund’s unit registry or you may copy this form.

To appoint a second proxy you must:

• (a) on each of the first Proxy Form and the second Proxy Form state the percentage of your voting rights or number of units applicable to that form. If the appointments do not specify the percentage or number of votes that each proxy may exercise, each proxy may exercise half your votes. Fractions of votes will be disregarded.

• (b) return both forms together.

5 Signing Instructions

You must sign this form as follows in the spaces provided:

Individual: where the holding is in one name, the holder must sign.

Joint Holding: where the holding is in more than one name, either Unitholder may sign.

Power of Attorney: to sign under Power of Attorney, you must have already lodged the Power of Attorney with the registry. If you have not previously lodged this document for notation, please attach a certified photocopy of the Power of Attorney to this form when you return it. Companies: where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person. If the company (pursuant to section 204A of the Corporations Act 2001 ) does not have a Company Secretary, a Sole Director can also sign alone. Otherwise this form must be signed by a Director jointly with either another Director or a Company Secretary. Please indicate the office held by signing in the appropriate place.

If a representative of the corporation is to attend the meeting the appropriate “Certificate of Appointment of Corporate Representative” should be received by Link Market Services Limited at least 48 hours before the meeting. A form of the certificate may be obtained from the Fund’s unit registry.

Lodgement of a Proxy

This Proxy Form (and any Power of Attorney under which it is signed) must be received at an address given below by 12:00pm on Saturday, 10 November 2007, being not later than 48 hours before the commencement of the meeting. Any Proxy Form received after that time will not be valid for the scheduled meeting.

Proxy forms may be lodged using the reply paid envelope or:

• by posting, delivery or facsimile to ING Real Estate Community Living Group’s unit registry as follows:

ING Real Estate Community Living Group C/- Link Market Services Limited

Locked Bag A14 Sydney South NSW 1235 Facsimile: (02) 9287 0309

• delivering it to Level 12, 680 George Street, Sydney NSW 2000.

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ING Real Estate Community Living Group ING Real Estate Community Living Fund ARSN 107 459 576 ING Real Estate Community Living Management Trust ARSN 122 928 410 Responsible Entity: ING Management Limited ABN 15 006 065 032

Unit Registry: C/- Link Market Services Ltd Level 12, 680 George Street, Sydney NSW 2000 Locked Bag A14, Sydney South, NSW 1235 Toll Free: 1300 653 497 Telephone: (02) 8280 7057 Facsimile: (02) 9287 0309 Email: ingrealestate@linkmarketservices.com.au Website: www.linkmarketservices.com.au

ING REAL ESTATE COMMUNITY LIVING GROUP – YOUR QUESTIONS ANSWERED

As an ING Real Estate Community Living Group unitholder, we welcome your input and invite you to submit questions or concerns relating to the business of ING Real Estate Community Living Group prior to the Annual Unitholder Meeting, using the form below.

Your questions can be on any matters relating to the business of ING Real Estate Community Living Group, and can be directed toward the Chairman, Fund’s Auditor or Senior Management. You will also have the opportunity to raise questions during the meeting.

To submit questions to the Chairman, Fund’s Auditor or Senior Management, simply fill in the form below. The form must be received by Link Market Services Limited at Locked Bag A14 Sydney South NSW 1235 by 5:00pm on 7 November 2007 . A reply paid envelope is included for postage. Forms will also be accepted via fax to Link on 02 9287 0309 or +61 2 9287 0309 if you are overseas.

ING Real Estate Community Living Group will endeavour to respond to as many questions as possible during the Annual Unitholder Meeting, however there may not be sufficient time during the Meeting to address all topics. Please note individual responses will not be sent to unitholders.

QUESTIONS

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Name of unitholding (optional):
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1. Question is for the □ Chairman, □ Fund’s Auditor, □ Senior Management
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2. Question is for the □ Chairman, □ Fund’s Auditor, □ Senior Management
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3. Question is for the □ Chairman, □ Fund’s Auditor, □ Senior Management
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