Director/PDMR Shareholding

ISIS Property Trust 2 Limited
05 December 2007


To: Company Announcements

Date: 5 December 2007

Company: ISIS Property Trust 2 Limited


Subject: Directors Dealings


Directors Dealings


Pursuant to Listing Rule DTR3.1, ISIS Property Trust 2 Limited announces that
the following beneficial holding of Ordinary shares of 1p was acquired by Mr
Quentin Spicer, a Director of the Company, on 29 November 2007.


20,200 Ordinary shares at 98.25p representing 0.018% of the Company's issued
share capital. The shares are registered in the name of Nova Nominees Limited.


Mr Spicer is now the beneficial holder of a total of 74,000 Ordinary shares
representing 0.067% of the Company's issued share capital.



All Enquiries:


The Company Secretary

Northern Trust International Fund Administrations Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL


Tel: [phone]

Fax: [phone]











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