Portfolio Update

ISIS Property Trust 2 Limited
02 July 2007


To: RNS
From: ISIS Property Trust 2 Limited
Date: 2 July 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
June 2007:

Property                                       % of investment
                                                    properties
48-49, St. James's Street, London, SW1                     9.8
Unit 3663, Echo Park, Banbury                              9.6
Units 1-8, Lakeside Road, Colnbrook                        7.6
Mercury House, 1, Dove Wynd, Strathclyde                   7.3
Business Park
Southampton International Park, Eastleigh                  6.7
30/40 , The Parade & 47/59A Warwick Street,                5.7
Leamington Spa
Clifton Moor Gate, York                                    5.1
Hemel Gateway, Boundary Way, Hemel Hempstead               5.1
Swift House, Cosford Lane, Rugby                           4.1
The Clock Tower Brookwood                                  3.0


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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