Portfolio Update

ISIS Property Trust 2 Limited
01 October 2007


To: RNS
From: ISIS Property Trust 2 Limited
Date: 1 October 2007

Listing Rule 15

In accordance with paragraph 15.4.11 (2) of the Listing Rules ISIS Property
Trust 2 Limited announces its top ten property investments, including all
holdings with a value greater than 5% of its investment properties, as at 30
September 2007:

Property                                           % of investment properties

48-49, St. James's Street, London, SW1                                     9.5
Unit 3663, Echo Park, Banbury                                              8.8
Units 1-8, Lakeside Road, Colnbrook                                        7.4
Mercury House, 1, Dove Wynd, Strathclyde Business
Park                                                                       6.8
Edinburgh Park, 1-2, Lochside Way, Edinburgh                               6.4
Southampton International Park, Eastleigh                                  6.2
30/40 , The Parade & 47/59A Warwick Street,
Leamington Spa                                                             5.4
Clifton Moor Gate, York                                                    4.9
Hemel Gateway, Boundary Way, Hemel Hempstead                               4.7
Swift House, Cosford Lane, Rugby                                           3.9

All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel: [phone]




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