Secured Bank Facilities

The MedicX Fund Limited
04 December 2006


For immediate release                                   4th December 2006

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

               Debt of £100 million arranged on favourable terms

The MedicX Fund, which invests mainly in modern purpose built primary health
care properties which on 2 November 2006 raised £55.9 million and listed on the
Official List of the London Exchange, announces that it has secured debt of £100
million from Norwich Union, an Aviva Plc Company.

As indicated at the time of the IPO, the MedicX Fund was looking to secure bank
facilities and is now delighted to announce that this has been achieved with the
support and agreement of Norwich Union.

The terms of the £100 million loan are at an all in fixed rate of 5.0% per annum
with interest only being payable up until the expiry of the thirty year term.
The loan can be used to finance acquisitions of completed primary care
properties as well as forward fund the development of new primary care
properties, with no differentiation for completed or forward funded properties.
These terms are more favourable than the illustrative assumptions made in MedicX
prospectus. Norwich Union are experienced lenders in the sector and the terms
offered demonstrate their long term confidence in this asset class.

Keith Maddin, Chairman of the MedicX Group commented:

'I am delighted to announce the details of this £100 million loan, we look
forward to pursuing our growth strategy with the support of Norwich Union'

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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