Holding(s) in Company

ISIS Property Trust 2 Limited
24 December 2007



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

1. Identity of the issuer or the underlying issuer ISIS Property Trust 2 Limited
of existing shares to which voting rights are      --------------------
attached(1):
-------------------------------
2. Reason for the notification (please tick the appropriate box or boxes):
n/a see additional information                                              -------
--------------------------------------------
An acquisition or disposal of voting rights                                Yes
--------------------------------------------                               -------
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
--------------------------------------------                                -------
3. Full name of person(s) subject to the           Deutsche Bank AG
notification obligation(1):                        --------------------
-------------------------------
4. Full name of shareholder(s) (if different from  Deutsche Bank AG, Abbey Life
3.)(1):                                            Assurance Company Limited,
-------------------------------                    Tilney Investment Management
                                                   --------------------
5. Date of the transaction and date on which the   17/12/07
threshold is crossed or reached(1):                --------------------
-------------------------------
6. Date on which issuer notified:                  18/12/2007
-------------------------------                    --------------------
7. Threshold(s) that is/are crossed or reached:    Aggregate Direct and Indirect
-------------------------------                    12%
                                                   --------------------


8. Notified details:

A: Voting rights attached to shares
Class/type of  Situation previous to    Resulting situation after the triggering transaction(1)
shares         the Triggering
               transaction (1)
if possible
using the ISIN Number of   Number of    Number of   Number of voting rights % of voting
CODE           Shares      Voting       shares      ix                      rights
                           Rights       Direct      Direct x    Indirect    Direct   Indirect
                           viii                                 xi


GB00B012T521   6,025,039   12,493,602   6,412,866   6,412,866   6,848,453     5.80%      6.20

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



Total (A+B)


Number of voting rights                      % of voting rights


        13,261,319                               12.00



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable xv:
Abbey Life Assurance Company Ltd - 5,000,000 voting rights or 4.52%

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:                       David Lindsay/Andrew Anderson

15. Contact telephone number:           +00 44 207 545 8533/8532


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