Portfolio Update

ISIS Property Trust 2 Limited
02 January 2008


To:   RNS
From: ISIS Property Trust 2 Limited
Date: 2 January 2008


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 31
December 2007:

Property                                       % of investment
                                                    properties

48-49, St. James's Street, London, SW1                     9.4
Unit 3663, Echo Park, Banbury                              8.7
Units 1-8, Lakeside Road, Colnbrook                        8.0
Mercury House, 1, Dove Wynd, Strathclyde
Business Park                                              6.9
Edinburgh Park, 1-2, Lochside Way, Edinburgh               6.4
Southampton International Park, Eastleigh                  6.3
30/40 , The Parade & 47/59A Warwick Street,
Leamington Spa                                             5.5
Hemel Gateway, Boundary Way, Hemel Hempstead               4.8
Clifton Moor Gate, York                                    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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