Let Ω be a bounded smooth domain inR^{2}. Letf:R→R be a smooth non-linearity behaving like exp{s^{2}} ass→∞. LetF denote the primitive off. Consider the functionalJ:H_{0}^{1}(Ω)→R given by$$J(u) = \frac{1}{2}\int_\Omega {\left| {\nabla u} \right|^2 dx - } \int_\Omega {F(u)dx.} $$ It can be shown thatJ is the energy functional associated to the following nonlinear problem: −Δu=f(u) in Ω,u=0 on ρΩ. In this paper we consider the global compactness properties ofJ. We prove thatJ fails to satisfy the Palais-Smale condition at the energy levels {k/2},k any positive integer. More interestingly, we show thatJ fails to satisfy the Palais-Smale condition at these energy levels along two Palais-Smale sequences. These two sequences exhibit different blow-up behaviours. This is in sharp contrast to the situation in higher dimensions where there is essentially one Palais-Smale sequence for the corresponding energy functional.