Cancellation of Share Premium

The MedicX Fund Limited
10 November 2006


For immediate release                                           10 November 2006





                              MedicX Fund Limited

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



                         Cancellation of Share Premium



The directors of MedicX Fund Limited (LSE: MXF) an investment company investing
in modern, purpose built primary healthcare properties in the United Kingdom,
are pleased to announce that, at the court hearing held earlier today, the
cancellation of the Company's share premium account was approved by the Guernsey
Royal Court.

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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