INGENIA COMMUNITIES GROUP — Major Shareholding Notification 2008

Nov 11, 2008

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To Company Name/Scheme

ARSN

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)

There was a change in the interests of the substantial holder on

The previous notice was given to the company on

The previous notice was dated

10 November 2008

29 October 2008

29 October 2008

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 had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	Voting Power	Person’s votes	Voting Power
Ordinary fully paid stapled securities	32,957,784	7.47%	28,257,173	6.41%

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	Holder of Relevant Interest	Nature of **Change **	Consideration (AUD)	Class and Number of Securities affected	Person's votes affected
28/10/2008	Goldman Sachs JBWere Investment Management Pty Ltd ("GSJBWIM")	Sale	38,606	333,112 fully paid stapled securities	333,112
28/10/2008	Goldman Sachs JBWere Managed Funds Ltd ("GSJBWMF")	Sale	6,284	54,220 fully paid stapled securities	54,220
29/10/2008	GSJBWIM	Sale	69,937	561,305 fully paid stapled securities	561,305
29/10/2008	GSJBWMF	Sale	11,384	91,363 fully paid stapled securities	91,363

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30/10/2008	GSJBWIM	Sale	29,810	229,141 fully paid stapled securities	229,141
30/10/2008	GSJBWMF	Sale	4,852	37,297 fully paid stapled securities	37,297
31/10/2008	GSJBWIM	Sale	87,269	667,807 fully paid stapled securities	667,807
31/10/2008	GSJBWMF	Sale	3,706	27,924 fully paid stapled securities	27,924
3/11/2008	GSJBWIM	Sale	45,239	262,332 fully paid stapled securities	262,332
3/11/2008	GSJBWMF	Sale	1,554	8,879 fully paid stapled securities	8,879
5/11/2008	GSJBWIM	Sale	87,734	564,209 fully paid stapled securities	564,209
5/11/2008	GSJBWMF	Sale	14,664	94,300 fully paid stapled securities	94,300
6/11/2008	GSJBWIM	Sale	74,233	541,846 fully paid stapled securities	541,846
7/11/2008	GSJBWIM	Sale	25,309	208,133 fully paid stapled securities	208,133
7/11/2008	GSJBWMF	Sale	12,995	106,867 fully paid stapled securities	106,867
10/11/2008	GSJBWIM	Sale	93,494	781,725 fully paid stapled securities	781,725
10/11/2008	GSJBWMF	Sale	15,566	130,151 fully paid stapled securities	130,151

4. Present relevant interests

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	Nature of relevant interest	Class and Number of Securities	Persons votes
Goldman Sachs JBWere Group excluding GSJBWIM and GSJBWMF.	See below	N/A	By virtue of the operation of the Corporations Act, Goldman Sachs JBWere Group, excluding GSJBWIM and GSJBWMF have a relevant interest in the holdings detailed below.	28,257,173 fully paid stapled securities	28,257,173
GSJBWIM	Asgard Capital Management Ltd	various clients	GSJBWIM has a relevant interest in 66,163 fully paid stapled securities in its capacity as investment manager for a range of client portfolios.	66,163 fully paid stapled securities	66,163
GSJBWIM	IAG Nominees PtyLtd	various clients	GSJBWIM has a relevant interest in 984,448 fully paid stapled securities in its capacity as investment manager for a range of client portfolios.	984,448 fully paid stapled securities	984,448
GSJBWIM	JP Morgan Chase, New York	various clients	GSJBWIM has a relevant interest in 12,709,789 fully paid stapled securities in its capacity as investment manager for a range of client portfolios.	12,709,789 fully paid stapled securities	12,709,789

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GSJBWIM	National Nominees Limited	various clients	GSJBWIM has a relevant interest in 6,878,494 fully paid stapled securities in its capacity as investment manager for a range of client portfolios.	6,878,494 fully paid stapled securities	6,878,494
GSJBWIM	Perpetual Trustees Ltd	various clients	GSJBWIM has a relevant interest in 24,791 fully paid stapled securities in its capacity as investment manager for a range of client portfolios.	24,791 fully paid stapled securities	24,791
GSJBWIM	State Street BankQuincy	various clients	GSJBWIM has a relevant interest in 238,786 fully paid stapled securities in its capacity as investment manager for a range of client portfolios.	238,786 fully paid stapled securities	238,786
GSJBWIM	State Street Bank Luxembourg SA	various clients	GSJBWIM has a relevant interest in 294,154 fully paid stapled securities in its capacity as investment manager for a range of client portfolios.	294,154 fully paid stapled securities	294,154
GSJBWIM	State Street Corporation	various clients	GSJBWIM has a relevant interest in 746,352 fully paid stapled securities in its capacity as investment manager for a range of client portfolios.	746,352 fully paid stapled securities	746,352
GSJBWIM	Sumitomo TrustBank	Various clients	GSJBWIM has a relevant interest in 2,260,901 fully paid stapled securities in its capacity as investment manager for a range of client portfolios.	2,260,901 fully paid stapled securities	2,260,901
			It has a further relevant interest in 4,053,295 fully paid stapled securities by virtue of the operation of the Corporations Act.	4,053,295 fully paid stapled securities	4,053,295

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GSJBWMF	RBC Dexia Investor Services Australia Nominees PtyLtd	GSJBWMF	GSJBWMF has a relevant interest in 4,053,295 fully paid stapled securities in its capacity as responsible entity for the Goldman Sachs JBWere range of managedfunds.	4,053,295 fully paid stapled securities	4,053,295
			It has a further relevant interest in 24,203,878 fully paid stapled securities by virtue of the operation of the Corporations Act.	24,203,878 fully paid stapled securities	24,203,878

5. 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

6. Addresses

The 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
Asgard Capital ManagementLtd	POBox 7817, Cloisters SquareWA6850
IAGNomineesPtyLtd	Level 26, 388 George Street, SYDNEY NSW 2000
JP MorganChase,New York	3 ChaseMetrotechCenter,Floor8,Brooklyn,NY 11245-0001
National NomineesLimited	Level5,271Collins Street,Melbourne,Victoria 3000
Perpetual TrusteesLtd	Level 12,123Pitt Street, SYDNEY NSW 2000
State StreetBankQuincy	Joseph Palmer Building,1 HeritageDrive,NorthQuincy,MA02171
State StreetBank Luxembourg SA	49Avenue J-F Kennedy,L-1855Luxembourg
State Street Corporation	2 AvenueDeLafayette 6N,Boston,MA02111
SumitomoTrustBank	11-3Kitaaoyama2-Chome,Minato-ku,Tokyo107-8645, Japan
RBCDexiaInvestorServicesAustraliaNomineesPtyLtd	2 ParkStreet,Level 17, Sydney,NSW,Australia2000

Signature

Print name Barry Whitehead Capacity Company Secretary Sign here Date 12 November 2008