Whenever a solution is diluted, the dilution factor is given by $\frac{V_2}{V_1}$.
Here, the volume is increased from $100\text{ mL}$ to $500\text{ mL}$ (a factor of $5$).
Thus, the concentration must decrease by a factor of $5$:
\[ M_2 = \frac{M_1}{5} = \frac{2}{5} = 0.4\text{ M} \]
This mental math technique helps save time in the exam.