Completion of Acquisition

The MedicX Fund Limited
12 December 2006


For immediate release                                          12 December 2006



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


                           Completion of Acquisition

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 completed, as expected following the
announcement on 29th November 2006, the acquisition of three new primary care
properties from Oakapple Primary Care Group for £9.43 million in cash.  The
three sites in Fleetwood, Bradford and Doncaster which generate £642,285 current
income per annum in aggregate, have been valued by DTZ Debenham Tie Leung,
valuers to the MedicX Fund, at £11.55m, net of 5.75% purchaser costs.


                                      End



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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