Re Agreement

Primary Health Properties PLC
27 August 2002





                         Primary Health Properties PLC



Primary Health Properties PLC ("PHP") announces that its wholly owned subsidiary
Primary Health Investment Properties Limited has entered into a forward purchase
and funding agreement with Brackley Investments Limited to acquire a new medical
centre to be constructed in Harrowby Lane, Grantham, Lincolnshire, for
approximately £0.96 million (net assets acquired £0.96 million) with an
anticipated rent roll of some £75,600 per annum.  The building will be let to a
4 GP Practice.







Further details:



Harry Hyman                             Adam Dalgliesh
Managing Director                       Director
Primary Health Properties PLC           Primary Health Properties PLC
Tel: [phone]                       Tel: [phone]
Mobile: [phone]                    Mobile: [phone]






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