ING Real Estate has today announced the annual results of ING Real Estate Community Living Group (ILF), a publicly traded property trust (REIT) on the Australian Securities Exchange which invests in seniors and student housing in Australia, Canada, New Zealand and the United States.

Highlights of the year ended 30 June 2007 included:
Delivering a total return of 27%.
The acquisition in Australia of a portfolio of four seniors villages as well as several development sites in
conjunction with joint venture partners Country Club and Oak Tree Group.
The acquisition in Canada of a 50% interest in a portfolio of eight A-class long term care facilities in the greater
Toronto area. High occupancies of 99.7% coupled with growing demand underpin the value of this acquisition
for the fund.
The acquisition in the US of five premium assisted living communities on Long Island, New York. Overall
occupancy of the US seniors accomodation portfolio is currently 94.5%, in excess of the industry median of
92.9%.
The acquisition in the US of two premium student housing complexes in Florida. The students portfolio has seen
strong rental increases in the assets located closest to the university campuses, but operating expenses have also
increased. Leasing for the new academic year is on track.

Commenting on the results, Ian Muir, ING Real Estate Community Living Group CEO, said, "It has been a year of diversification and growth for ILF and we are well positioned to further enhance returns and deliver another strong performance in 2008".

ING Real Estate Community Living Group is a publicly traded property trust (REIT) on the Australian Securities Exchange which invests in seniors and student housing in Australia, Canada, New Zealand and the United States and has total assets in excess of AUD1.2 billion (EUR 754 million). The portfolio consists of a 65% weighting to the United States, 21% to Australia, 12% to Canada and 2% to New Zealand.