Result of Equity Issue

Primary Health Properties PLC
11 April 2007


11 April 2007



                         Primary Health Properties PLC

                                ('the "Company")

                              Result of Open Offer



On 15 March 2007, the Company announced that, subject to shareholder approval,
it intended to raise up to £38.6 million (net of expenses) by way of a Placing
and Open Offer of up to 9,309,376 new ordinary shares of 50p each ('New Ordinary
Shares') to be subscribed for at a price of 430p per New Ordinary Share.



Of the New Ordinary Shares, 7,441,860 were placed firm.  Of the maximum
1,867,516 New Ordinary Shares to be issued pursuant to the Open Offer ("Open
Offer Shares"), 1,923 of the Open Offer Shares were the subject of irrevocable
undertakings from certain Qualifying Shareholders to take up their entitlements.




The Open Offer closed at 3pm on 10 April 2007.  Valid applications were received
in respect of 2,000,219 Open Offer Shares representing 107 per cent. of the
maximum Open Offer Shares, an over-subscription of 132,703 Open Offer Shares.
Applications for entitlement have been satisfied in full.  Excess applications
have been scaled back by approximately 14.5 per cent.



The Placing and the Open Offer remain conditional, inter alia, upon the passing
of the Resolutions to be proposed at the EGM to be held today and upon
Admission. The Company will announce separately the results of the EGM held
today.



Application has been made to the London Stock Exchange for admission of the
9,309,376 New Ordinary Shares to trading on the Official List.  It is expected
that Admission will become effective and that dealings in the New Ordinary
Shares will commence on 12 April 2007.



Unless the context otherwise requires, defined terms used in this announcement
shall have the meanings given to them in the Company's announcement of 15 March
2007.



Enquiries, please contact:


Bell Pottinger Corporate & Financial

David Rydell/ Victoria Geoghegan               Tel: [phone]


Primary Health Properties PLC

Harry Hyman, Managing Director                 Tel: [phone]




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