INGENIA COMMUNITIES GROUP — Major Shareholding Notification 2007

Oct 1, 2007

SG Hiscock & Company

FACSIMILE TRANSMITTAL SHEET

TO: Department	Company Announcements	FROM:	Stephen Hiscock
COMPANY:	Australian Stock Exchange Limited	DATE:	$2^{ND}$ OCTOBER 2007
FAX NUMBER: 1900 999 279		4	TOTAL NO. OF PAGES INCLUDING COVER:
RE			YOUR REFERENCE NUMBER:
	Substantial Shareholder Notification
$\square$ urgent	$\Box$ FOR REVIEW	$\Box$ PLEASE COMMENT	$\Box$ PLEASE REPLY	$\Box$ PLEASE RECYCLE
NOTES/COMMENTS:

Dear Sir/Madam,

Please find attached Form 604 - Notice of change of interests of substantial holder for ING Real Estate Community Living Fund.

Our clients hold a relevant interest in 32,562,847 shares representing 7.52% of the issued fully paid capital.

Kind Regards,

Miscol

Stephen Hiscock Managing Director

page 1/2 15 July 2001 604

	Form 604 Corporations Act 2001 Section 671B
	Notice of change of interests of substantial holder
To. Company Name/Scheme ACN/ARSN	ING Real Estate Community Living turd 107 459 576
1. Details of substantial holder(1)
Name ACN/ARSN (if applicable)	Hiscock & Co Ltd 263 628 റീ
There was a change in the interests of the substantial holder on	28/09/07
The previous notice was given to the company on The previous notice was dated	20/07/07 18/07/07

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now r

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid	27.669.401	6.11	' 32,562 ,
ordinary

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	$\frac{28}{101}$ SG Hiscock 3	Increase in power	36,824.765.176.636.24666.86.246
רסו רגן מו	lta O	$d$ is pose $d$ vote.	Average price	\$1.33
28/09/0			ingludes acquisitional

4. Present relevant interests

$\frac{3}{2}$ disposals $\frac{1}{2}$
Net increase = 4,873,446 units

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Юx	Annexure

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

______ . Name and ACN/ARSN (if applicable) _____	______ ----- Nature of association ______
	. _________
	_________

6. Addresses

The addresses of persons named in this form are as follows:

--------------------------------------- Name	_________ Address --------------------------------------
	⊬ ___
. Brook & course & course & course & course and	-------------------------------------- ------

Signature

	print name STEPHEN HISCOCK	capacity MANABING DIRECTOR
sign here	Attribut	date $2^{1}$ 10 $10^{7}$

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an $(1)$ equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and adcresses of members is clearly set out in paragraph 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of
• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• $\langle \mathbf{b} \rangle$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom'e $(7)$ entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $(8)$
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ANNEXURE A Page 1 of 1 referred to in Form 604

S.G Hiscock & Company Limited ACN 097 263 628
Registered Shareholdings in ING REAL ESTATE COMMUNITY LIVING FUND as at 28^TH SEPTEMBER 2007

Holder of Relevant	Holder of Registered	Address	Nature of relevant	Class and Number
Interest	Securities		interest	of Securities
SG Hiscock & Company Ltd	National Custodian	Level 21, 500 Bourke Street,	Power to exercise voting &
	Services Ltd	Melbourne, VIC 3000	disposal of securities	3,951,623 f.p.ord
SG Hiscock & Company Ltd	State Street Australia Ltd	338 Pitt St Sydney NSW 2000	Power to exercise voting &
			disposal of securities	9,254,784 f.p.ord
SG Hiscock & Company Ltd	Equity Trustees Ltd	Level 2/575 Bourke St Melbourne VIC	Power to exercise voting &
		3000	disposal of securities	1,548,126 f.p.ord
SG Hiscock & Company Ltd	ANZ Custodian Services	Level 25/530 Collins St, Melbourne	Power to exercise voting $\&$
		VIC 3001	disposal of securities	2,965,705 f.p.ord
SG Hiscock & Company Ltd	BNP Paribas	60 Castlereagh St Sydney NSW 2000	Power to exercise voting &
			disposal of securities	3,096,567 f.p.ord
SG Hiscock & Company Ltd	JP Morgan Securities	Level 32 Grosvenor Pl 225 George St	Power to exercise voting &
	Australia Ltd	Sydney NSW 2000	disposal of securities	4,340,188 f.p.ord
SG Hiscock & Company Ltd	UBS Nominees Pty Ltd	Level 16, Chifley Tower, 2 Chifley	Power to exercise voting &
		Square, Sydney NSW 2000	disposal of securities	632,300 f.p.ord
SG Hiscock & Company Ltd	Australian Executor	Level 22 207 Kent Street Sydney NSW	Power to exercise voting &
	Trustees Ltd	2000	disposal of securities	35,000 f.p.ord
SG Hiscock & Company Ltd	Multiplex Funds	1 Kent Street Sydney NSW 2000	Power to exercise voting &
	Limited Management		disposal of securities
				5,538,554 f.p.ord
SG Hiscock & Company Ltd	Perpetual Trustees	Level 12 123 Pitt St Sydney NSW 2000	Power to exercise voting &	1,200,000 f.p.ord
	ited Company Lim		disposal of securities
			TOTAL	32,562,847
				f.p.ord