INGENIA COMMUNITIES GROUP — Director's Dealing 2009

Sep 6, 2009

ING Management Limited ABN 15 006 065 032

Level 6, 345 George Street Sydney NSW 2000 Telephone (02) 9033 1095 Facsimile (02) 9033 1060

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Joel Farina ASX Limited 20 Bridge Street Sydney NSW 2000

7 September 2009

Dear Mr Farina

We refer to the:

• Appendix 3Y for Mr Philip Clark in respect of ING Industrial Fund ( IIF ); and

• Appendix 3Y for Mr Philip Clark in respect of ING Real Estate Community Living Group ( ILF ).

The acquisition of securities by Fairfax Road Trust in each of IIF and ILF (each a Fund ) gave rise to a notifiable interest of Philip Clark. Prior to the times stated in each Appendix 3Y, Philip Clark held no interest (direct or indirect) in either Fund.

ING Management Limited ( IML ), as responsible entity of each Fund, has been conducting a review of each Fund’s continuous disclosure obligations and procedures. In the process of that review, it has come to light that an Appendix 3Y for Philip Clark in respect of each Fund should have been completed within the time period specified in ASX Listing Rule 3.19A.2. Late disclosure of the Appendix 3Y was due to an administrative error. In order to rectify this, each Fund proposes to now lodge the required Appendix 3Y.

IML requires its directors to obtain trading approval from IML’s Compliance Manager when an on-market trade is to occur. IML checks these holdings to ensure required disclosures are made when the relevant trades take place. Our registry, Link Market Services, checks directors’ holding balances daily and generates a report to IML when a change has occurred.

IML believes that the procedures it has in place are satisfactory, but to reduce the possibility of any future inadvertent late disclosures, IML will also request directors to advise of a potential change in interest (which is notifiable to the ASX) in advance of the relevant acquisition or disposal being made.

Should you require any more information, please feel free to contact Investor Services on +61 2 9033 1035

Yours sincerely

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Hugh Thomson Company Secretary

1

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.

Name of entity ING Real Estate Community Living Group (comprising ING Real Estate Community Living Trust and ING Real Estate Community Living Management Trust) ARSN 107 459 576/122 928 410

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 Date of last notice

Philip Clark 21 February 2006 (3X)

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	Indirect interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Held by Fairfax Road Trust (of which PhilipClark is a joint trustee)
Date of change	17 November 2008 and 18 November 2008
No. of securities held prior to change	Nil
Class	Stapled Securities
Number acquired	30,000
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$2,170
No. of securities held after change	30,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back On-market trade

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