Holding(s) in Company

ISIS Property Trust 2 Limited
04 February 2008


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

1. Identity of the issuer or the underlying issuer of existing           ISIS Property Trust 2 Ltd
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 notification obligation              Deutsche Bank AG
(iii):

4. Full name of shareholder(s) (if different from 3.)(iv):                    Deutsche Bank AG



                                                                      Abbey Life Assurance Company Ltd



                                                                        Tilney Investment Management
5. Date of the transaction (and date on which the threshold is                   24/01/2008
crossed or reached if different)(v):
6. Date on which issuer notified:                                                25/01/2008
7. Threshold(s) that is/are crossed or reached:                      Agreegate Direct and Indirect 13%
8. Notified details:


A: Voting rights attached to shares
Class/type of      Situation previous to    Resulting situation after the triggering transaction(vii)
shares             the Triggering
                   transaction (vi)
 if possible using Number of   Number of    Number of       Number of voting rights   % of voting rights
the ISIN CODE      Shares      Voting       shares          ix
                               Rights viii  Direct          Direct  x    Indirect xi  Direct   Indirect
   GB00B012T521     6,673,861   13,516,764     7,324,824     7,324,824    7,040,954     6.63      6.37


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



Total (A+B)
Number of voting rights                             % of voting rights
                    14,365,778                                              13.00%




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:                                           N/A

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

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


13. Additional information:                       N/A

14. Contact name:                            David Lindsay / Andrew Anderson

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



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