Holding(s) in Company

ISIS Property Trust 2 Limited
26 September 2007



TR-1(i): Notification of major interests in shares

+---------------------------------------------+------------------------------+
|1. Identity of the issuer or the underlying  |  ISIS Property Trust Ltd 2   |
|issuer of existing shares to which voting    |                              |
|rights are attached(ii):                     |                              |
+---------------------------------------------+----------------------+-------+
|2. Reason for the notification (please tick the appropriate box or  |       |
|boxes)                                                              |       |
+--------------------------------------------------------------------+-------+
|An acquisition or disposal of voting rights                         |   X   |
+--------------------------------------------------------------------+-------+
|An acquisition or disposal of financial instruments which may result|       |
|in the acquisition of shares already issued to which voting rights  |       |
|are attached                                                        |       |
+--------------------------------------------------------------------+-------+
|An event changing the breakdown of voting rights                    |       |
+--------------------------------------------------------------------+-------+
|Other (please specify):_                                            |       |
+---------------------------------------------+----------------------+-------+
|3. Full name of person(s) subject to the     |   F&C Asset Management Plc   |
|notification obligation(iii):                |                              |
+---------------------------------------------+------------------------------+
|4. Full name of shareholder(s) (if different |                              |
|from 3.)(iv):                                |                              |
|                                             |See box 9 below               |
|                                             |                              |
|                                             |                              |
|                                             |                              |
|                                             |                              |
+---------------------------------------------+------------------------------+
|5. Date of the transaction (and date on which|           20/09/07           |
|the threshold is crossed or reached if       |                              |
|different)(v):                               |                              |
+---------------------------------------------+------------------------------+
|6. Date on which issuer notified:            |           21/09/07           |
+---------------------------------------------+----------------------+-------+
+---------------------------------------------+----------------------+-------+



+---------------------------------------------+------------------------------+
|7. Threshold(s) that is/are crossed or       |             22%              |
|reached:                                     |                              |
+---------------------------------------------+----------------------------+-+
|8. Notified details:                         |             -              | |
+---------------------------------------------+----------------------------+-+

+----------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                               |
+------------+---------------------+-----------------------------------------------+
|Class/type  |Situation previous to|Resulting situation after the triggering       |
|of shares   |the Triggering       |transaction(vii)                               |
|            |transaction (vi)     |                                               |
|if possible +----------+----------+----------+------------------+-----------------+
|using the   |Number of |Number of |Number of |Number of voting  |% of voting      |
|ISIN CODE   |Shares    |Voting    |shares    |rights ix         |rights           |
|            |          |Rights    +----------+-------+----------+------+----------+
|            |          |viii      |Direct    |Direct |Indirect  |Direct|Indirect  |
|            |          |          |          |x      |xi        |      |          |
+------------+----------+----------+----------+-------+----------+------+----------+
|GB00B012T521|23,286,750|23,286,750|24,871,750|0      |24,871,750|0     |22.51%    |
+------------+----------+----------+----------+-------+----------+------+----------+

+------------------------------------------------------------------------------+
|B: Financial Instruments                                                      |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction xii                      |
+---------------+-----------+------------------+-------------------+-----------+
|Type of        |Expiration |Exercise/         |Number of voting   |% of voting|
|financial      |date xiii  |Conversion Period/|rights that may be |rights     |
|instrument     |           |Date xiv          |acquired if the    |           |
|               |           |                  |instrument is      |           |
|               |           |                  |exercised/         |           |
|               |           |                  |converted.         |           |
+---------------+-----------+------------------+-------------------+-----------+
|       -       |           |                  |                   |           |
+---------------+-----------+------------------+-------------------+-----------+

+-----------------------------------------------------------------------------+
|Total (A+B)                                                                  |
+-------------------------------------+---------------------------------------+
|Number of voting rights              |% of voting rights                     |
+-------------------------------------+---------------------------------------+
|24,871,750                           |22.51%                                 |
+-------------------------------------+---------------------------------------+




+-----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or   |
|the financial instruments are effectively held, if applicable xv:            |
+-----------------------------------------------------------------------------+
|Client                       No. of voting % of total  Registration name     |
|                             rights        voting                            |
|                                           rights                            |
|FPLAL Pension Commercial     15,180,000    13.74       Citifriens Nominees   |
|Property Fund                                          Ltd                   |
|                                                                             |
|F&C Fund of Funds ICVC Multi 7,915,750     7.16        Chase Nominees        |
|Manager Dist Fd                                        Limited               |
+-----------------------------------------------------------------------------+

+-----------------------------------------------------------------------------+
|Proxy Voting:                                                                |
+------------------------------------------------+----------------------------+
|10. Name of the proxy holder:                   |F&C Asset Management Plc    |
+------------------------------------------------+----------------------------+
|11. Number of voting rights proxy holder will   |n/a                         |
|cease to hold:                                  |                            |
+------------------------------------------------+----------------------------+
|12. Date on which proxy holder will cease to    |n/a                         |
|hold voting rights:                             |                            |
+------------------------------------------------+----------------------------+

+--------------------------------+--------------------------------------------+
|13. Additional information:     |                                            |
+--------------------------------+--------------------------------------------+
|14. Contact name:               |Peter Fraser, F&C Asset Management plc      |
+--------------------------------+--------------------------------------------+
|15. Contact telephone number:   |0131 718 1051                               |
+--------------------------------+--------------------------------------------+







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