Holding(s) in Company

ISIS Property Trust 2 Limited
09 January 2008



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):Initial disclosure under the Financial      |         |
|Services Authority's Disclosure Transparency Rules.                |         |
+--------------------------------------------+----------------------+---------+
|3. Full name of person(s) subject to the    |        Deutsche Bank AG        |
|notification obligation(iii):               |                                |
+--------------------------------------------+--------------------------------+
|4. Full name of shareholder(s) (if different|        Deutshe Bank AG         |
|from 3.)(iv):                               |                                |
|                                            |Abbey Life Assurance Company Ltd|
|                                            |                                |
|                                            |  Tilney Investment Management  |
+--------------------------------------------+--------------------------------+
|5. Date of the transaction (and date on     |           27/12/2008           |
|which the threshold is crossed or reached if|                                |
|different)(v):                              |                                |
+--------------------------------------------+--------------------------------+
|6. Date on which issuer notified:           |           28/12/2008           |
+--------------------------------------------+--------------------------------+
|7. Threshold(s) that is/are crossed or      |           Direct 6%            |
|reached:                                    |                                |
+--------------------------------------------+------------------------------+-+
|8. Notified details:                        |                              | |
+--------------------------------------------+----------------------+-------+-+
+--------------------------------------------+----------------------+-------+-+







+---------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                              |
+-----------+--------------------+------------------------------------------------+
|Class/type |Situation previous  |Resulting situation after the triggering        |
|of shares  |to the Triggering   |transaction(1)                                  |
|           |transaction (vi)    |                                                |
|if possible+---------+----------+---------+-------------------+------------------+
|using the  |Number of|Number of |Number of|Number of voting   |% of voting rights|
|ISIN CODE  |Shares   |Voting    |shares   |rights ix          |                  |
|           |         |Rights    +---------+---------+---------+--------+---------+
|           |         |viii      |Direct   |Direct x |Indirect |Direct  |Indirect |
|           |         |          |         |         |xi       |        |         |
+-----------+---------+----------+---------+---------+---------+--------+---------+
|GB00B12T521|6,412,866|13,261,319|6,673,861|6,673,861|6,842,903|6.04%   |6.19%    |
+-----------+---------+----------+---------+---------+---------+--------+---------+

+------------------------------------------------------------------------------+
|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                      |
|                                      |                                        |
|13,516,764                            |12.23                                   |
+--------------------------------------+----------------------------------------+
|5,623,646                             |5.09%                                   |
+-+------------------------------------+--------------------------------------+-+
| |9. Chain of controlled undertakings through which the voting rights and/or | |
| |the financial instruments are effectively held, if applicable xv:          | |
+-+---------------------------------------------------------------------------+-+
| |Abbey Lifs Assurance Company Limited - 5,000,000 voting rights or 4.52%    | |
+-+------------------------------------+--------------------------------------+-+
+-+------------------------------------+--------------------------------------+-+



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