Acquisition of New Site

The MedicX Fund Limited
17 January 2008



For immediate release                                          17 January 2008


                              MedicX Fund Limited

                  ('MedicX Fund', 'the Fund' or 'the Company')

                            Acquisition of New Site


MedicX Fund, (LSE: MXF), the specialist investor in modern purpose built primary
healthcare properties, today announces that it has entered into a forward
funding agreement to acquire a primary care medical centre at Lytham, Lancashire
which is due to be completed by April 2009 and to be developed by Primary Asset
Ltd, part of the MedicX Group. The total acquisition cost of the property is
anticipated to be £13.225 million. The initial rental income of the property
will be £759,816 per annum and the property has been valued by King Sturge LLP,
valuers to the MedicX Fund, at £13 million.


The total property portfolio now comprises 45 properties of which six are under
construction throughout the UK.


                                      End


For further information please contact:


MedicX Fund                        [phone]
Jorge Tavares, Chairman


MedicX Group                       [phone]
Keith Maddin, Chairman
Mike Adams, Managing Director



Buchanan Communications           [phone]
Charles Ryland / Lisa Baderoon / Mary-Jane Johnson




                      This information is provided by RNS
            The company news service from the London Stock Exchange
        FKOKPCBKKFDD