INGENIA COMMUNITIES GROUP — Board/Management Information 2008

Nov 26, 2008

ASX ANNOUNCEMENT ING REAL ESTATE COMMUNITY LIVING GROUP (ILF) 27 NOVEMBER 2008

ILF BOLSTERS ITS MANAGEMENT TEAM

ING Real Estate Community Living Group today announced a new appointment to its senior management team. Victor Breuer, Head of Strategy and Marketing, has taken up the Fund CEO role on an interim basis, while Ian Muir has accepted the role of Chief Investment Officer.

ING Real Estate Chief Executive Hugh Thomson said “Victor brings a wealth of equity capital markets expertise to the dedicated ILF team. One of Victor’s first tasks will be to lead a strategic review of the ILF business which is planned for completion by the time we report the half year 2009 result. In this ever changing business environment we need to ensure that the ILF portfolio is in a position to navigate through these difficult times.”

ING Real Estate Community Living Group Fund CEO Victor Breuer said “Given the constraints on capital generated by the global credit crisis, we have recognized the need to add new resources with the appropriate skill set to meet the change in market conditions. I am looking forward to working with Ian and the team.”

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About ING Real Estate Community Living Group

ING Real Estate Community Living Group is a publicly traded property trust (REIT) on the Australian Securities Exchange which invests in seniors and student housing in Australia, Canada, New Zealand and the United States and has total assets in excess of approximately A$1.2 billion. The portfolio consists of a 62% weighting to the United States, 25% to Australia, 11% to Canada and 2% to New Zealand.

About ING Real Estate

ING Real Estate is an integrated real estate group focused on investment management, development and financing of quality real estate in all major global markets with a total portfolio of over A$170 billion. ING Real Estate ranks among the world’s leading real estate companies and serves a broad client base from offices in 22 countries in Europe, North America, Asia and Australia. ING Real Estate is part of ING group, a global financial institution of Dutch origin offering banking, insurance and asset management to over 75 million private, corporate and institutional clients in more than 50 countries.

ING REAL ESTATE : ASX ANNOUNCEMENT

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