INGENIA COMMUNITIES GROUP — Capital/Financing Update 2009

Aug 19, 2009

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ASX ANNOUNCEMENT

ING REAL ESTATE COMMUNITY LIVING GROUP (ILF) 20 August 2009

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ILF Update on NZ Borrowings

ING Real Estate Community Living Group provides the following update on its borrowings.

NZ Loan

The Fund’s associate, which owns the NZ Student portfolio, has finalised negotiations with its lender on the terms of a refinance of its existing NZ$20.8m facility. The refinance agreement is for an interest only two-year term expiring in August 2011.

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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$1.3 billion. The portfolio consists of a 66% weighting to the United States, 22% to Australia, 10% to Canada and 2% to New Zealand.

About ING Real Estate Investment Management

ING Real Estate Community Living Group is one of seven 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’s investment philosophy holds that real estate is an integral component of a well-diversified portfolio, encompassing a broad range of opportunities, each with unique risk and reward characteristics. 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:

Ian Muir Hugh Thomson Chief Investment Officer - Chief Executive Officer - ING Real Estate Community Living Group ING Real Estate Investment Management ING Real Estate Investment Management Australia Australia T: +61 2 9033 1007 T: +61 2 9033 1019

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