Holding(s) in Company

ISIS Property Trust 2 Limited
11 October 2007



TR-1(i): notification of major interests in shares

+----------------------------------------------+------------------------------+
|1. Identity of the issuer or the underlying   |  ISIS Property Trust 2 Ltd   |
|issuer of existing shares to which voting     |                              |
|rights are attached(ii):                      |                              |
+----------------------------------------------+----------------------+-------+
|2. Reason for the notification (please tick the appropriate box or   |       |
|boxes)                                                               |       |
+---------------------------------------------------------------------+-------+
|An acquisition or disposal of voting rights                          |    X  |
+---------------------------------------------------------------------+-------+
|An acquisition or disposal of financial instruments which may result |       |
|in the acquisition of shares already issued to which voting rights   |       |
|are attached                                                         |       |
+---------------------------------------------------------------------+-------+
|An event changing the breakdown of voting rights                     |       |
+---------------------------------------------------------------------+-------+
|Other (please specify):____Disclosure for purposes of                |       |
|transparency_______                                                  |       |
+----------------------------------------------+----------------------+-------+
|3. Full name of person(s) subject to the      |  F & C Asset Management plc  |
|notification obligation(iii):                 |                              |
+----------------------------------------------+------------------------------+
|4. Full name of shareholder(s) (if different  |          See box 9           |
|from 3.)(iv):                                 |                              |
+----------------------------------------------+------------------------------+
|5. Date of the transaction (and date on which |       09 October 2007        |
|the threshold is crossed or reached if        |                              |
|different)(v):                                |                              |
+----------------------------------------------+------------------------------+
|6. Date on which issuer notified:             |       10 October 2007        |
+----------------------------------------------+------------------------------+
|7. Threshold(s) that is/are crossed or        |             23%              |
|reached:                                      |                              |
+----------------------------------------------+------------------------------+
|8. Notified details:                          |                              |
+----------------------------------------------+----------------------+-------+
+----------------------------------------------+----------------------+-------+

+----------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                               |
+------------+---------------------+-----------------------------------------------+
|Class/type  |Situation previous to|Resulting situation after the triggering       |
|of shares   |the Triggering       |transaction(vii)                               |
|            |transaction (vi)     |                                               |
|if possible +----------+----------+----------+--------------------+---------------+
|using the   |Number of |Number of |Number of |Number of voting    |% of voting    |
|ISIN CODE   |Shares    |Voting    |shares    |rights ix           |rights         |
|            |          |Rights    +----------+---------+----------+------+--------+
|            |          |viii      |Direct    |Direct x |Indirect  |Direct|Indirect|
|            |          |          |          |         |xi        |      |        |
+------------+----------+----------+----------+---------+----------+------+--------+
|GB00B012T521|24,871,750|24,871,750|26,121,750|    0    |26,121,750|  0   | 23.64  |
|            |          |          |          |         |          |      |        |
|   Ord 1p   |          |          |          |         |          |      |        |
+------------+----------+----------+----------+---------+----------+------+--------+

+----------------------------------------------------------------------------------+
|B: Financial Instruments                                                          |
+----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction xii                          |
+----------------+-----------+-------------------+--------------------+------------+
|Type of         |Expiration |Exercise/          |Number of voting    |% of voting |
|financial       |date xiii  |Conversion Period/ |rights that may be  |rights      |
|instrument      |           |Date xiv           |acquired if the     |            |
|                |           |                   |instrument is       |            |
|                |           |                   |exercised/          |            |
|                |           |                   |converted.          |            |
+----------------+-----------+-------------------+--------------------+------------+
|                |           |                   |                    |            |
+----------------+-----------+-------------------+--------------------+------------+

+-------------------------------------------------------------------------------+
|Total (A+B)                                                                    |
+--------------------------------------+----------------------------------------+
|Number of voting rights               |% of voting rights                      |
+--------------------------------------+----------------------------------------+
|              26,121,750              |                 23.64%                 |
+--------------------------------------+----------------------------------------+

+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or the|
|financial instruments are effectively held, if applicable xv:                 |
+------------------------------------------------------------------------------+
|+-----------------+--------------------+------------------+------------------+|
||F & C Asset      |                    |                  |                  ||
||Management plc:  |                    |                  |                  ||
|+-----------------+--------------------+------------------+------------------+|
||     Client      |No of voting rights |% of total voting |Registration name ||
||                 |                    |      rights      |                  ||
|+-----------------+--------------------+------------------+------------------+|
||FPLAL Pension    |     15,180,000     |      13.74       |Citifriends       ||
||Commercial       |                    |                  |Nominees Ltd      ||
||Property Fund    |                    |                  |                  ||
|+-----------------+--------------------+------------------+------------------+|
||F & C Funds of   |     9,165,750      |       8.29       |Chase Nominees Ltd||
||Funds ICVC Mulit |                    |                  |                  ||
||Manager Dist Fd  |                    |                  |                  ||
|+-----------------+--------------------+------------------+------------------+|
+------------------------------------------------------------------------------+

+-----------------------------------------------------------------------------+
|Proxy Voting:                                                                |
+------------------------------------------------+----------------------------+
|10. Name of the proxy holder:                   |F & C Asset Management plc  |
+------------------------------------------------+----------------------------+
|11. Number of voting rights proxy holder will   |N/A                         |
|cease to hold:                                  |                            |
+------------------------------------------------+----------------------------+
|12. Date on which proxy holder will cease to    |N/A                         |
|hold voting rights:                             |                            |
+------------------------------------------------+----------------------------+



+--------------------------------+--------------------------------------------+
|13. Additional information:     |N/A                                         |
+--------------------------------+--------------------------------------------+
|14. Contact name:               |Mike Bassi, F & C Asset Management plc      |
+--------------------------------+--------------------------------------------+
|15. Contact telephone number:   |0131 718 1093                               |
+--------------------------------+--------------------------------------------+



                      This information is provided by RNS
            The company news service from the London Stock Exchange