Re Agreement

Primary Health Properties PLC
27 June 2003

                                  News Release


27th June 2003



                         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 Winchcombe, Gloucestershire, for approximately
£960,000 (net assets acquired £960,000) with an anticipated rent roll of some
£66,600 per annum.  The building will be let to a GP Practice.




Further details:

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




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