INGENIA COMMUNITIES GROUP — Major Shareholding Notification 2008

Nov 19, 2008

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To Company Name/Scheme

ABN

ING REAL ESTATE COMMUNITY LIVING GROUP

107 459 576

1. Details of substantial holder

Name

Goldman Sachs JBWere Group Holdings Pty Ltd ACN 006 163 524, Goldman Sachs JBWere Pty Ltd ACN 006 797 897 and their subsidiaries (Goldman Sachs JBWere Group)

ACN/ARSN (if applicable)

The holder ceased to be a substantial holder on

18 November 2008

The previous notice was given to the company on

The previous notice was dated

12 November 2008

12 November 2008

2. Change in present voting power

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 ofChange	Holder of RelevantInterest	Nature ofChange	Consideration(AUD)	Class and Number of Securities affected	Class and Number of Securities affected	Number ofordinary fullypaid stapledsecurities
11/11/2008	Goldman SachsJBWere InvestmentManagement Pty Ltd("GSJBWIM")	Sale	90	860	Fully paid stapled securities	860
11/11/2008	GSJBWIM	Sale	71,490	684,116	Fully paid stapled securities	684,116
11/11/2008	Goldman SachsJBWere ManagedFunds Limited("GSJBWMF")	Sale	12,020	115,024	Fully paid stapled securities	115,024
12/11/2008	GSJBWIM	Sale	47	456	Fully paid stapled securities	456
12/11/2008	GSJBWIM	Sale	37,506	366,351	Fully paid stapled securities	366,351
12/11/2008	GSJBWMF	Sale	6,251	61,041	Fully paid stapled securities	61,041
13/11/2008	GSJBWIM	Sale	92	964	Fully paid stapled securities	964

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13/11/2008	GSJBWIM	Sale	73,613	766,799	Fully paid stapled securities	766,799
13/11/2008	GSJBWMF	Sale	12,377	128,926	Fully paid stapled securities	128,926
14/11/2008	GSJBWIM	Sale	54	596	Fully paid stapled securities	596
14/11/2008	GSJBWIM	Sale	42,925	474,316	Fully paid stapled securities	474,316
14/11/2008	GSJBWMF	Sale	7,217	79,749	Fully paid stapled securities	79,749
17/11/2008	GSJBWIM	Sale	35	415	Fully paid stapled securities	415
17/11/2008	GSJBWIM	Sale	27,525	330,036	Fully paid stapled securities	330,036
17/11/2008	GSJBWMF	Sale	4,628	55,491	Fully paid stapled securities	55,491
18/11/2008	GSJBWIM	Sale	1,098	17,587	Fully paid stapled securities	17,587
18/11/2008	GSJBWIM	Sale	873,599	13,989,229	Fully paid stapled securities	13,989,229
18/11/2008	GSJBWMF	Sale	146,882	2,352,076	Fully paid stapled securities	2,352,076

3. Changes in association

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

Name and ACN (if applicable) Nature of association

4. Addresses

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

.Addresseshe addresses of persons named in this form are as	follows:
Name	Address
Goldman Sachs JBWere Group	All care of Level 17, 101 Collins Street, Melbourne Victoria 3000

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Signature

print namesign here	Barry WhiteheadcapacityCompany Secretary
	date20 November 2008