Formula to extract last two letters from each word
See cell B1 in the attached.
As you can see the solution requires helper cells (as C1:V1). If you so wish these can be moved to somewhere out of sight.
Edit:
Only now I see that you use Office 2010 so I guess you can't use above solution as it requires the function TEXTJOIN which is only available in the most recent version of Excel.
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