Director Declaration

ISIS Property Trust 2 Limited
20 June 2007


To: Company Announcements
Date: 20 June 2007
Company: ISIS Property Trust 2 Limited


Subject: Director Declaration


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 Sherwell, a non -
executive director has informed the company that,

Saltus European Debt Strategies Limited, of which he is a non-executive
director, was admitted to the Official List of the UK Listing Authority and
started trading on the London Stock Exchange on 20 June 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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