INGENIA COMMUNITIES GROUP — Director's Dealing 2008

Mar 2, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

ING Real Estate Community Living Group (comprising ING Real Estate Community Living Fund (ARSN 107 459 576) & ING Real Estate Community Living Management Trust (ARSN 122 928 410)

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director P Scully Date of last notice 1 November 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct interest
Nature of indirect interest
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant	N/A
interest.
Date of change	29 February 2008
No. of securities held prior to change	19,895
Class	Stapled Securities
Number acquired	457
Number disposed
	0
Value/Consideration
Note: If consideration is non-cash, provide details and estimatedvaluation	$566.82
No. of securities held after change	20,352

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change

Nature of change Units issued as a result of participation in the Example: on-market trade, off-market trade, exercise of options, issue of Distribution Reinvestment Plan for the securities under dividend reinvestment plan, participation in buy-back quarter ended 31 December 2007.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/	A
Nature of interest	N/	A
Name of registered holder(if issued securities)	N/	A
Date of change	N/	A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/	A
Interest acquired	N/	A
Interest disposed	N/	A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/	A
Interest after change	N/	A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002