INGENIA COMMUNITIES GROUP — Major Shareholding Notification 2008

Jun 26, 2008

������������

��������� ���������������������� �������������

������������������������������������������

To Company Name/Scheme

ARSN

ING REAL ESTATE COMMUNITY LIVING GROUP

107 459 576

1. Details of substantial holder (1)

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 became a 25 June 2008 substantial holder on

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities	Number of securities	Persons’ votes	Voting power
Ordinary fully paid stapled securities	22,456,065	22,456,065	5.09%

3. Details of relevant interests

The nature of the relevant interest the substantial holder had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Goldman Sachs JBWere Group excluding Goldman Sachs JBWere Managed Funds Limited (GSJBWMF) and Goldman Sachs JBWere Investment Management Pty Ltd (GSJBWIM).	By virtue of the operation of the Corporations Act, Goldman Sachs JBWere Group (other than GSJBWIM and GSJBWMF) has a relevant interest in the holdings detailed below.	22,456,065fully paid stapled securities
GSJBWMF	GSJBWMF has a relevant interest in 4,899,175 fully paid stapled securities in its capacity as responsible entity for the Goldman Sachs JBWere range of managed funds. It has a further relevant interest in 17,556,890 fully paid stapled securities by virtue of the operation of the CorporationsAct.	4,899,175 fully paid stapled securities 17,556,890fully paid stapled securities
GSJBWIM	GSJBWIM has a relevant interest in 17,556,890 fully paid stapled securities in its capacity as investment manager for a range of client portfolios. It has a further relevant interest in 4,899,175 fully paid stapled securities by virtue of the operation of the CorporationsAct.	17,556,890 fully paid stapled securities 4,899,175fully paid stapled securities

������������

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as **holder **	Class and number of securities
GSJBWIM	Asgard Capital ManagementLtd	various clients	64,660 Fully paid stapled securities
GSJBWIM	IAGNomineesPtyLtd	various clients	1,613,034 Fully paid stapled securities
GSJBWIM	InvestorsBank&Trust Company,Boston	various clients	7,293 Fully paid stapled securities
GSJBWIM	InvestorsBank&Trust Company,NY	various clients	243,974 Fully paid stapled securities
GSJBWIM	JP MorganChase,New York	various clients	6,464,294 Fully paid stapled securities
GSJBWIM	National NomineesLimited	various clients	6,746,323 Fully paid stapled securities
GSJBWIM	Perpetual TrusteesLtd	various clients	23,539 Fully paid stapled securities
GSJBWIM	State StreetBankQuincy	various clients	86,259 Fully paid stapled securities
GSJBWIM	State StreetBank Luxembourg SA	various clients	151,928 Fully paid stapled securities
GSJBWIM	State Street Corporation	various clients	325,390 Fully paid stapled securities
GSJBWIM	SumitomoTrustBank	various clients	1,830,196 Fully paid stapled securities
GSJBWMF	RBC Dexia Investor Services Australia NomineesPtyLtd	GSJBWMF	4,899,175 Fully paid stapled securities

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of Relevant Interest	Date of Acquisition	Number of ordinary fully paid stapled securities	Total consideration
GSJBWIM	3/03/2008	42,657	52,906
GSJBWMF	3/03/2008	58,548	72,611
GSJBWIM	5/03/2008	2,287	1,692
GSJBWIM	6/03/2008	379,457	376,025
GSJBWIM	11/03/2008	499,742	389,899
GSJBWIM	12/03/2008	433,073	355,831
GSJBWIM	13/03/2008	489,821	391,857
GSJBWIM	1/04/2008	3,775	2,529
GSJBWIM	11/04/2008	139,535	90,698
GSJBWMF	11/04/2008	39,008	25,355
GSJBWIM	14/04/2008	82,026	52,292
GSJBWMF	14/04/2008	17,974	11,458
GSJBWMF	28/04/2008	57,000	43,320
GSJBWIM	30/04/2008	1,500	1,125
GSJBWIM	14/05/2008	824,923	565,072
GSJBWMF	14/05/2008	325,077	222,678
GSJBWIM	19/05/2008	1,634,150	1,119,393
GSJBWMF	19/05/2008	696,413	477,043
GSJBWIM	2/06/2008	58,500	39,324
GSJBWIM	5/06/2008	88,566	59,339
GSJBWMF	23/06/2008	393,533	177,090
GSJBWMF	24/06/2008	779,455	335,088
GSJBWIM	25/06/2008	1,135,493	441,476
GSJBWMF	25/06/2008	100,000	42,750

������������

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN (if applicable) Nature of association

7. 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 Management Ltd PO Box 7817, Cloisters Square WA 6850 IAG Nominees Pty Ltd Level 26, 388 George Street, SYDNEY NSW 2000 Investors Bank & Trust Company, Boston 200 Clarendon Street, Boston MA 02116 Investors Bank & Trust Company, NY 4th Floor, 33 Maiden Lane, New York 10038 JP Morgan Chase, New York 3 Chase Metrotech Center, Floor 8, Brooklyn, NY 11245-0001 National Nominees Limited Level 5, 271 Collins Street, Melbourne, Victoria 3000 Perpetual Trustees Ltd Level 12, 123 Pitt Street, SYDNEY NSW 2000 State Street Bank Quincy Joseph Palmer Building, 1 Heritage Drive, North Quincy, MA 02171 State Street Bank Luxembourg SA 49 Avenue J-F Kennedy, L-1855 Luxembourg State Street Corporation 2 Avenue De Lafayette 6N, Boston, MA 02111 Sumitomo Trust Bank 11-3 Kitaaoyama 2-Chome, Minato-ku, Tokyo 107-8645, Japan RBC Dexia Investor Services Australia Nominees Pty Ltd 2 Park Street, Level 17, Sydney, NSW, Australia 2000

Signature

print name sign here	Barry Whitehead capacity Company Secretary
	date 27 June 2008