INGENIA COMMUNITIES GROUP — Capital/Financing Update 2009

Oct 18, 2009

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ASX ANNOUNCEMENT ING REAL ESTATE COMMUNITY LIVING GROUP (ILF) 19 October 2009

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ILF Sells Connecticut Student Assets

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ING Real Estate Community Living Group today announced the sale of its two US Student assets, Hunting Lodge Apartments and Fairview & Oakwood Apartments, located in Storrs Mansfield and West Hartford, Connecticut respectively.

Hunting Lodge Apartments was sold for US$4.4m, representing a 10% discount to the 30 June 2009 valuation, and the Fairview & Oakwood Apartments were sold for US$1.6m, representing a 5% discount to their 30 June 2009 valuations. Both properties were acquired in 2006, and all proceeds will be applied to reduce the Fund’s US debt.

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. The portfolio consists of a 64% weighting to the United States, 23% to Australia, 10% to Canada and 3% to New Zealand.

About ING Real Estate Investment Management

ING Real Estate Community Living Group is one of six property trusts managed by ING Real Estate Investment Management Australia (INGREIMA) on behalf of 60,000 investors. INGREIMA meets the needs of both institutional and retail investors through listed and unlisted Funds. The Funds operate in key real estate sectors including office, industrial, retail, seniors housing, entertainment and healthcare property. INGREIMA is part of the global ING Real Estate Investment Management platform. With over 80 Funds, offices in 22 countries and more than 1500 employees across the globe, ING Real Estate Investment Management is one of the world’s leading property investment managers.

For further information, please contact:

Denis Hickey Chief Executive Officer - ING Real Estate Investment Management Australia T: +61 2 9033 1009

ING REAL ESTATE INVESTMENT MANAGEMENT: ASX ANNOUNCEMENT

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