ING Real Estate Strengthens Management Capabilities

Today’s appointments:

• Danny Agnoletto has been appointed Chief Financial Officer (CFO), effective 16 November 2009.
  
  Danny is a highly experienced public markets CFO and brings to INGREIMA a combination of property and infrastructure skills. Danny has previously been CFO for the listed property company Hudson Conway, the listed infrastructure company East Link (Melbourne). More recently he has been Vice President Investments & Value Management for BHP Billiton. Danny replaces David Hunt who is leaving to pursue other options.
  
• Simon Owen has been appointed as Chief Executive Officer (CEO) ING Real Estate Community Living Group (ILF), effective 2 November 2009. Simon brings strong knowledge of the retirement sector to our business.
  
  Simon was previously CEO of Aevum (AVE) a publicly listed Retirement Living company. Simon is also the current National President of the Retirement Village Association (RVA).

Both Danny and Simon are members of INGREIMA’s executive team and today’s announcement comes on the back of the appointment of Johanna Keating who joined the group in October as Head of Investor Relations and Marketing.

ING Real Estate CEO, Denis Hickey said, "I’m pleased to announce these appointments. I look forward to working with both the new and existing team to enhance ING Real Estate’s platform in Australia adding value to the investors in our funds".

For further information, please contact:

Johanna Keating
Head of Investor Relations and Marketing
ING Real Estate Investment Management
T: +61 2 9033 1096