Dividend Declaration

ISIS Property Trust 2 Limited
02 November 2005


To: Company Announcements
Date: 2 November 2005
Company: ISIS Property Trust 2 Limited

Subject: Interim Dividend

Interim Dividend

ISIS Property Trust 2 Limited today announces a first interim dividend in
respect of the year ending 30 June 2006, of 1.6875 pence per share, as follows:

Ex-Dividend Date - 23 November 2005

Record Date - 25 November 2005

Payment Date - 16 December 2005

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]







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