Admission to AIM

CareCapital Group plc
04 August 2006


Embargoed until 7am                                            4 August 2006


           CareCapital - Placing, Admission to AIM, Dealings Commence

CareCapital Group Plc ("CareCapital" or "the Group"), a healthcare real estate
developer and owner, announces today that dealings in its shares will commence
on AIM this morning under the ticker: CARE. The Admission follows a placing in
which the Group raised £1.5 million gross. Daniel Stewart & Company Plc is the
Nominated Adviser and Broker to CareCapital.

Placing and Admission

  * placing of 24,996,659 ordinary shares (including 5,000,000 new ordinary
    shares to raise £1.5 million gross for the Group) at a price of 30p per
    share

  * partial exit provided for private equity investor, Asgard Real Estate
    Private Equity S.a.r.l. managed by AXA REIM, and loan repayment

  * Placing and Sale shares represent 32.55% of CareCapital's enlarged
    issued share capital

  * market capitalisation at the Placing and Sale price is £23.03 million


The Business

  * CareCapital is a provider of substantial, purpose built medical property
    facilities within the healthcare sector

  * nationwide property portfolio comprises 21 properties - 13 medical
    centres and doctors' surgeries, five pharmacies, a dental surgery, a patient

  * hotel and a health promotion unit

  * four projects in development with an additional pipeline of potential
    projects

  * at 31 July 2006, CareCapital's property portfolio was independently
    valued by Colliers CRE as having gross assets of £21.77 million (after
    deducting buyers' costs)


Drivers

  * GPs are moving towards a new model of primary care provision, supported
    by a larger proportion of NHS funding - approximately. 5 per cent. (£2.5bn)
    worth of resources are being reallocated from secondary care (hospitals) to
    primary care facilities (GP surgeries, community hospitals)

  * the Government is to increase NHS spending by approximately 7 per cent.
    p.a. to £109 billion by 2007/8 and has announced plans to modernise the
    primary care estate

  * Primary Care Trusts (PCTs) now able to 'contract out' care of patients
    to the private sector

Commenting, Dr Michael Sinclair, Chairman, said, "CareCapital has built a
management team with all the expertise necessary to offer primary healthcare
providers - the NHS and Independents - a complete one stop shop for their
property requirements. Our Admission to AIM will raise our profile and has
provided a partial exit for our original institutional backer. I would like to
thank AXA REIM for their support over the past two years and also to welcome our
new shareholders. I am delighted that Keith Gibbs, Chief Executive of AXA PPP
healthcare, is remaining on the Board and that Lord Evans is joining us as a
Non-executive Director."

Paul Stacey, Managing Director, added, "We are well positioned and have the
resources, contacts and relationships, to take full advantage of what we believe
will be a continuing growth market for primary healthcare real estate assets.
The Group expects to benefit from plans publicised by the NHS to modernise
healthcare facilities. The CareCapital team looks forward to becoming a publicly
traded company to enhance and support the next phase of its development."

For further information please visit www.carecapital.co.uk or contact:

Paul Stacey,                 Lindsay Mair/ Marc Young,  Simon Hudson
Managing Director            Corporate Finance          Tavistock Communications
Shareen Courtney, Marketing  Daniel Stewart & Co. Plc   Tel: [phone]
CareCapital Group Plc        Tel: [phone]         [e-mail]
Tel: [phone]           [e-mail] 
[e-mail]    [e-mail]
[e-mail]


NOTES TO EDITORS

The flotation of CareCapital on AIM is expected to facilitate its future growth
of the Group as it seeks to increase the size of its healthcare property
portfolio; it will also raise the public profile of CareCapital. The flotation
also enables CareCapital's private equity backer, a real estate fund managed by
AXA REIM, to part realise its investment in the Group.


The Business

CareCapital develops, owns and leases property to healthcare providers
predominately in the primary healthcare sector. The Group's investment objective
is to achieve sustainable long-term income and capital growth through the
development of healthcare facilities which are pre-let to its NHS and other
tenants. These include medical centres, health promotion units, dental
surgeries, patient hotels and pharmacies. The Group also bids for property
related contracts awarded by the NHS under PFI and similar procurement
processes. The Group has established relationships with construction companies,
facilities management providers, healthcare planners and designers, suppliers of
clinical services and staff recruitment agencies all of which are able to
provide specific expertise to fulfil obligations arising from successful project
developments.

In addition, the Group is actively seeking opportunities, to develop and
subsequently let intermediate care facilities and independent sector treatment
centres (ISTCs).


Medical Centres

Together with its development partners and sub contractors, the Group structures
and finances the design, development and delivery of Primary Healthcare
Facilities to Healthcare Providers. The Group currently owns 21 such facilities
in 14 locations across England and Scotland.

Wherever possible, the Group's properties are designed to be flexible in order
to accommodate future changes in the needs of Primary Healthcare Providers.


Dental Centres:

As of June 2006, the Group owned two dental units. CareCapital is also in the
process of developing a dental centre in Folkestone, which is due to be
completed in 2007. This dental centre will be approximately 12,500 square feet
in size and is being developed for a team of dentists, who will serve both
private and NHS patients. This centre will be able to accommodate a total
clinical staff of up to 15 at any one time, including dentists, hygienists and
orthodontists. In addition, there will also be teaching facilities and a dental
laboratory. The Group expects to spend approximately £3.5 million to develop
this dental centre.


Patient Hotel:

The Group operates a patient hotel, located in Southampton, ("the Southampton
Hotel"), which can accommodate up to 29 oncology patients who are outpatients of
the Southampton General Hospital and the Royal South Hants Hospital. Patients
are referred to the Southampton Hotel from Southampton University Hospitals NHS
Trust (SUHT) under a contract which began in June 2003. The patients stay at the
Southampton Hotel as an alternative to either staying in hospital or having to
commute from their homes.


Intermediate Care Facilities:

It is the intention of the Group to bid for the development of Intermediate Care
Facilities under PFI (Private Finance Initiative) or other procurement
processes,


Independent Sector Treatment Centres:

In consortia with other organisations, the Group is bidding for contracts being
tendered as part of the Department of Health's ISTC electives procurement
programme. The intention of the programme is to develop new, independent,
purpose built treatment units with the objective of offering greater patient
choice. As of July 2006, the Group had been short listed for 2 ISTC projects.


Sourcing contracts

The majority of the Group's medical and dental centre development opportunities
are sourced either via recommendation, referral or through its marketing
programme. The Group also reviews and responds, where appropriate, to
invitations to tender for developments which have been advertised by Primary
Health Care Trusts. The Group is currently in the bidding process in respect of
a number of these proposed developments and, additionally, has a pipeline of 22
possible development opportunities.

Larger projects are advertised by the Department of Health and NHS Trusts in the
Official Journal of the European Union and usually fall under the umbrella of
PFI or other similar procurement processes. As an alternative, where PFI is
considered to be inappropriate other procurement processes may be used. Such
projects typically have a contract term of approximately 25-30 years.

Working with selected bidding partners and utilising the Group's network of
contractors, CareCapital is in the process of submitting a number of bids under
PFI or other similar procurement processes. As of June 2006, the Group had been
shortlisted on four of these bids. This bidding process is frequently extensive
and can take in excess of three years to finalise.

In addition, the Group is in discussion with the Department of Health in respect
of the development and funding of four major regional facilities.

The Group expects to benefit from plans publicised by the NHS to modernise
healthcare facilities.


Directors and key individuals

Directors

Dr. Michael Sinclair - Executive Chairman (aged 63)
Dr. Sinclair qualified in medicine from the Middlesex Hospital, London in 1967
and has held a number of appointments at teaching hospitals in London. He became
a Registrar in Psychiatry at the Maudsley Hospital and Institute of Psychiatry
of London University before entering business in 1971. Between 1971 and 1977 he
held senior board positions with Allied Investments Limited, which have
operating interests in nursing homes through Nestor Nursing Homes, nursing
agencies through the British Nursing Association, deputising services for
doctors, medical equipment distribution and the operation of a health spa. In
1979, he founded Sinclair Montrose Trust Limited as a private investment vehicle
for him and his family. Dr Sinclair was chairman of Lifetime Corporation Inc, a
New York Stock Exchange listed healthcare company. He serves on the Board of
Overseers of the Tufts University School of Medicine. He was also a chairman of
US based Atlantic Medical Management LLP, which managed the New York based
healthcare venture fund, Atlantic Medical Capital LP. He is also the Chairman of
two AIM traded companies YooMedia Plc and Totally Plc.

Paul Stacey FCIS - Managing Director (aged 57)
Paul Stacey qualified as a Chartered Secretary in 1971 and was admitted as a
Fellow of the Institute of Chartered Secretaries in 1980. Following management
training with the Acrow Group Limited, he joined Nuffield Hospitals, where he
worked for almost twenty years, initially as deputy secretary and latterly as
Executive Director of Nuffield Healthcare Limited. Paul Stacey joined Sinclair
Montrose Trust Limited in 1992 and is now Managing Director in addition to being
a director of a number of its subsidiary and associated companies. Since joining
Sinclair Montrose Trust Limited he has been a director of its primary healthcare
development businesses and was instrumental in the establishment of walk-in GP
centres in the UK. Paul Stacey became Managing Director of CareCapital Limited
in August 2004.

Stephen Wilden FCA - Finance Director and Company Secretary (aged 53)
Stephen ("Steve") Wilden qualified as a chartered accountant with Josolyne
Layton Bennett & Co in 1975 and gained industrial experience with TI Group Plc
and Rockwell International Plc before joining Courtaulds Plc in 1982. He held
senior positions in a number of businesses and sectors, in the UK, USA and
Italy. From 1997, he was Group Finance Director of Sinclair Montrose Healthcare
Plc ("SMH"), which was admitted to AIM in 1998 before being taken private in
1999. Steve Wilden left SMH in 2000 to jointly set up and become Chief Executive
Officer of Staffing Ventures Plc, now renamed Supporta Plc. He joined
CareCapital Limited as Finance Director in 2004.

Non Executive Directors

Lord Evans of Watford - Non Executive Director (aged 63)
Lord Evans began his career as an apprentice printer and subsequently founded
Centurion Press Group Limited in 1971 which was sold in 2004. He currently holds
directorships with several companies in publishing and insurance and is also
involved with several charities and institutes. He is also a director of
Redactive Publishing Limited, Personnel Publications Limited, PP & Partners
Telemedia BV and Senate Consulting Limited. He was awarded a Life Peerage in
1998 for services to charity. Lord Evans of Watford will become a Non-Executive
Director on Admission.

Keith Gibbs - Non Executive Director (aged 48)
Keith Gibbs, a qualified actuary and mathematics graduate from the University of
Kent, was appointed Chief Executive of AXA PPP healthcare on 17 December 2001.
He has wide-ranging skills and knowledge in the healthcare and insurance
markets, having previously held the positions of Product Development Actuary and
later Marketing Director at Citibank Life and Sales and Marketing Director at
Lloyds TSB Insurance Plc. He has also worked at Sun Life PLC and Sentinel Life
PLC. He has also run his own management consultancy, which had significant
banking and financial clients. Keith Gibbs will become a Non-Executive Director
on Admission.

Key Individuals
Allan Weiner - General Manager (aged 41)
Allan Weiner began his career as a management consultant with Roland Berger &
Partners in 1990 where he spent seven years. He subsequently gained considerable
experience in private equity, mainly with Speed Ventures, as an investment
director in London and Stockholm. In 2001, and prior to joining CareCapital
Limited, he set up a London based healthcare service operation called Euro
Clinics that offered cardiovascular screening and echocardiography. Allan Weiner
joined CareCapital Limited as general manager of CareCatalyst in 2004,
progressing to general manager of CareCapital Limited. He has an MBA from the
Stockholm School of Economics.

Kenn Dalley - Director of Estates and Development (aged 64)
Kenn Dalley has considerable previous experience in architecture and design
gained from a variety of positions including Robert Matthew Johnson-Marshall &
Partners, John Laing Research & Development, Ministry of Works, Jamaica, where
he was responsible for the Ministry of Health Building Programme and DGI
International plc where he was responsible for the Health and Education sectors
in the UK and overseas. He joined CareCapital Limited as director of development
in 2004 where he is responsible for new project design and development, as well
as overseeing the existing property portfolio. Kenn Dalley is a Member of the
Royal Institute of British Architects, a Fellow of the Royal Society of Arts and
has a Diploma in Architecture.

Graham Gardner FRICS - Director of Medical Centre Developments (aged 49)
Graham Gardner began his career at Connells Commercial Ltd. In 1982, he joined
Weller Hill Hubble as associate partner. Subsequent to this he held various
directorships with surveyors in Hertfordshire before becoming an associate
director of Aitcheson Rafferty in March 1997. Graham Gardner joined Ashley House
as Commercial Manager in 2000, transferring to Sapphire Primary Care
Developments Ltd in 2003. He joined CareCapital Limited as a Director of Medical
Centre Development in 2005. Graham Gardner is primarily responsible for
expanding the Group's primary care portfolio by optimising the commercial
viability of schemes, including handling the property challenges relating to
existing premises held by GPs or PCTs.

Rick Hayes - Director of Medical Centre Developments (aged 43)
Rick Hayes began his career in construction and in 1989 formed Hayes
Contractors. In 1993 he moved to Lovellford Contract Ltd as business development
manager. He joined Ashley House Plc in 2000 as regional manager responsible for
business development, site finding and evaluation and then Sapphire Primary Care
Developments Ltd in 2003 as Regional Manager. Rick joined CareCapital Limited in
2005 as director of medical centre developments with specific responsibility for
primary care premises business development, including GP relationships as well
as specialising in site finding and planning-related matters.





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