Acquisition

The MedicX Fund Limited
28 February 2007


For immediate release                                         28 February 2007



                              MedicX Fund Limited

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



                            Acquisition of New Site


MedicX Fund, the specialist investor in modern purpose built primary healthcare
properties, which on 2 November 2006 listed on the Official List of the London
Stock Exchange today announces that it has, via its subsidiary MedicX Properties
V Ltd, entered into a fixed price forward funding agreement with Oakapple to
acquire a new medical centre at Alsager, Cheshire, for £8.68 million in cash.
The Fund is earning licence fee income during its development. The initial
rental income of the property will be £507,067 per annum and has been valued by
DTZ Debenham Tie Leung, valuers to the MedicX Fund at £8.80 million net of 5.75%
purchaser costs. This property is expected to be completed by April 2008.



                                      Ends



For further information please contact:

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

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





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