INGENIA COMMUNITIES GROUP — Major Shareholding Notification 2008

Nov 9, 2008

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		FACSIMILE TRANSMITTAL SHEET
TO:		FROM:
	Company Announcements		Grant Berry
Department COMPANY:
	Australian Stock Exchange Limited	DATE:	10 TH NOVEMBER 2008
FAX NUMBER: 1300 135 638		4	TOTAL NO. OF PAGES INCLUDING COVER:
RE:			YOUR REFERENCE NUMBER:
	Substantial Shareholder Notification
$\Box$ 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 23,137,001 shares representing 5.25% of the issued fully paid capital.

Kind Regards,

Director

604 page 1/2 15 July 2001

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Form 604
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Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme		ING Real Estate Community Living Fund
ACN/ARSN	$107$ LS9 576
1. Details of substantial holder(1)

Name	Hiscock 3 lompany
ACN/ARSN (if applicable)	763 528 na

There was a change in the interests of the substantial holder on 70370 The previous notice was given to the company on The previous notice was dated

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 required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
'Fully oaid	احا	ەاھ
$\alpha$ dy

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

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
ল্য।।/০৪ ' Between	Hiscock3		Decrease in \$ 8,831,751.4 16,901,078 16,901,078
1µlo3 'ၽ		dispose ੇ,	Averace pride
$ \sigma_1\rangle$ ा $ \sigma_2\rangle$		vote. οс
elevant interests			includes acquisitions =

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 (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
	Annexurel

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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:

Signature

print name GRANT BERRY	capacity $D \cap C$ C T C R
sign here $\bigcap$ $\mathbb{Z}_{\geq 0}$ or $\mathbb{Z}$	date (0/11/2008

DIRECTIONS

• $(1)$ 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 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 addresses 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:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any (a) 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
• 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 (b) 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 $\left( 7\right)$ 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.
• $(8)$ If the substantial holder is unable to determine the identity of the person (eq. if the relevant interest arises because of an option) write "unknown".
• $(9)$ 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 7^th November 2008

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 &	1,987,107
	Services Ltd	Melbourne, VIC 3000	disposal of securities	f.p.ord
SG Hiscock & Company Ltd	State Street Australia Ltd	338 Pitt St Sydney NSW 2000	Power to exercise voting &	6,991,451
			disposal of securities	f.p.ord
SG Hiscock & Company Ltd	Equity Trustees Ltd	Level 2/575 Bourke St Melbourne VIC	Power to exercise voting &	2,213,979
		3000	disposal of securities	f.p.ord
SG Hiscock & Company Ltd	ANZ Custodian Services	Level 25/530 Collins St, Melbourne	Power to exercise voting &	1,347,334
		VIC 3001	disposal of securities	f.p.ord
SG Hiscock & Company Ltd	BNP Paribas	60 Castlereagh St Sydney NSW 2000	Power to exercise voting &	2,545,711
			disposal of securities	f.p.ord
SG Hiscock & Company Ltd	JP Morgan Securities	Level 32 Grosvenor Pl 225 George St	Power to exercise voting &	1,121,228
	Australia Ltd	Sydney $NSM$ 2000	disposal of securities	f.p.ord
SG Hiscock & Company Ltd	Multiplex Funds	1 Kent Street Sydney NSW 2000	Power to exercise voting &	5,730,191
	Management Limited		disposal of securities	$\mathbf{f}.\mathbf{p}.\mathbf{ord}$
SG Hiscock & Company Ltd	Perpetual Trustees	Level 12 123 Pitt St Sydney NSW 2000	Power to exercise voting &	1,200,000
	Company Limited		disposal of securities	f.p.ord
TOTAL				23,137,001
				f.p.ord

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