Publication of Prospectus

Medical Property Investment Fd Ltd 18 April 2006 For immediate release Not for release, publication or distribution in whole or in part, in or into the United States of America, Canada, Australia, the Republic of South Africa, Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction The Medical Property Investment Fund Limited Proposed acquisition of Berrington and Placing and Open Offer On 13 April 2006, The Medical Property Investment Fund Limited announced Proposals, inter alia, to acquire Berrington and to raise £110.0 million before expenses by way of a placing and open offer of 64,729,021 Open Offer Shares. The Company now announces that the prospectus in relation to the Proposals has been dispatched to Shareholders. The timetable of key events relating to the Proposals is set out below: Record Date for the Open Offer close of business on 12 April 2006 Ex-entitlement date for the Open Offer 18 April 2006 Open Offer Entitlements credited to CREST stock accounts 18 April 2006 Recommended latest time for requesting withdrawal of Open Offer Entitlements from CREST 4.30 p.m. on 4 May 2006 Latest time for depositing Open Offer Entitlements into CREST 3.00 p.m. on 8 May 2006 Latest time and date for splitting Application Forms (to satisfy bona fide market claims) 11.00 a.m. on 9 May 2006 Latest time and date for receipt of Forms of Proxy 11.00 a.m. on 10 May 2006 Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer or settlement of relevant CREST instruction (as appropriate) 11.00 a.m. on 11 May 2006 Extraordinary General Meeting 11.00 a.m. on 12 May 2006 Admission expected to occur and dealings expected to commence in New Ordinary Shares 8.00 a.m. on 15 May 2006 Completion of the Acquisition (assuming all conditions are satisfied) 15 May 2006 CREST accounts credited in respect of the New Ordinary Shares to be issued in uncertificated form 15 May 2006 Definitive share certificates expected to be dispatched in respect of New Ordinary Shares in certificated form 22 May 2006 The New Ordinary Shares will, on Admission, rank in full for all dividends and other distributions declared, made or paid on the Ordinary Shares after Admission (save that they will not rank for the final dividend declared by the Company for the 12 months ended 31 December 2005) and will otherwise rank pari passu in all respects with the Ordinary Shares in issue at the date of this announcement. Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the Company's announcement of 13 April 2006. Enquiries Richard Burrell Berrington Fund Management Limited 020 7659 6271 Tony Langham Lansons Communications 020 7294 3617 Tonyl@lansons.com 07979 692 287 James Horsman Lansons Communications 020 7294 3686 Jamesh@lansons.com 07730 989 699 Charlotte Edgar Lansons Communications 020 7294 3622 Charlottee@lansons.com 07734 929 219 This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to acquire, purchase or subscribe for any securities. This announcement has not been examined or approved by the FSA or the London Stock Exchange or any other regulatory authority. The distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Any purchase of or application for shares in the Placing and the Open Offer should only be made on the basis of information contained in the formal prospectus issued in connection with the Placing and the Open Offer and any supplement thereto. The information contained herein is not for publication or distribution in or into the United States of America. These materials are not an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 (the 'Act'), as amended, and may not be offered or sold in the United States absent registration under the Act or an available exemption from registration. No public offering of the securities referred to herein will be made in the United States. The information contained in this announcement is not for publication or distribution to persons in Australia, Canada, Japan or the Republic of South Africa. The shares referred to herein may not, directly or indirectly, be offered, sold, taken up or delivered in, into or from Australia, Canada, Japan or the Republic of South Africa. This information is provided by RNS The company news service from the London Stock Exchange

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