Director/PDMR Shareholding

ISIS Property Trust 2 Limited
25 May 2007


To: Company Announcements

Date: 25 May 2007

Company: ISIS Property Trust 2 Limited


Subject: Directors Dealings



Directors Dealings


Pursuant to New Listing Rule: DR3.1, ISIS Property Trust 2 Limited is obliged to
notify the RNS of Director's holdings or interests of the Directors or their
connected persons in shares of the Company. The following beneficial holding of
1p par value Ordinary shares was acquired by the Pension Fund Trustee of Mr
Quentin Spicer's Retirement Annuity Trust on 11 May 2007. Mr Spicer is Chairman
of the Company.



33,800 Ordinary shares at 147p representing 0.03% of the Company's issued share
capital.


He is now the beneficial holder of a total of 53,800 Ordinary shares of 1p
representing 0.05% of the Company's issued share capital.



All Enquiries:


The Company Secretary

Northern Trust International Fund Administrations Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL


Tel: [phone]

Fax: [phone]











                      This information is provided by RNS
            The company news service from the London Stock Exchange