Acquisition

ISIS Property Trust 2 Limited
18 June 2004


ISIS PROPERTY TRUST 2 LIMITED
Acquisition of property
18 June 2004


ISIS Property Trust 2 Limited announces that today it completed the purchase of
the remaining property comprised in the Initial Property Portfolio for the
agreed consideration of £4,160,000, adjusted for accruals of rental income and
charges.

All enquiries:

The Company Secretary
Guernsey International Fund Managers Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey GY1 3QL

Tel: [phone]
Fax: [phone]


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