Change of Name (Officers)

ISIS Property Trust 2 Limited
31 August 2005


                          STOCK EXCHANGE ANNOUNCEMENT

For Immediate Release                                            31 August, 2005

                         ISIS PROPERTY TRUST 2 LIMITED
          (A closed-ended investment company incorporated in Guernsey
                        with registration number 41870)

                                  (the 'Fund')

       Re: Change of Name of Administrator, Company Secretary & Registrar


The Directors of the Fund wish to announce that the following name changes will
take effect from 31 August, 2005:

The Administrator will change its name from Guernsey International Fund Managers
Limited to Northern Trust International Fund Administration Services (Guernsey)
Limited;

the Company Secretary will change its name from Guernsey International Fund
Managers Limited to Northern Trust International Fund Administration Services
(Guernsey) Limited;

the Registrar will change its name from Guernsey International Fund Managers
Limited to Northern Trust International Fund Administration Services (Guernsey)
Limited;



Enquiries:


Guernsey International Fund Managers Limited     Jane Goodier    [phone]


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