Director Declaration

ISIS Property Trust 2 Limited
09 July 2007


To: Company Announcements
Date: 06 July 2007
Company: ISIS Property Trust 2 Limited

Subject: Director Declaration

This is a replacement of the announcement made on
Friday 6th July 2007 at 16.33

Director Declaration

In accordance with the requirements of the London Stock Exchange Listing Rule
9.6.14, ISIS Property Trust 2 Limited announces that Mr Chris Spencer, a non -
executive director has informed the company that,

Thames River Kingsway Plus Fund Limited, of which he is a non-executive
director, was listed on the Irish Stock Exchange on 2 July 2007

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]
Fax: [phone]

Ian McBryde
Scott Macrae
F&C Investment Business Ltd

Tel: [phone]
Fax: [phone]




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