Primary Health Props

Re Agreement

Primary Health Properties PLC
01 September 2004

1st September 2004

                         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 to acquire a new medical centre to be constructed in
Staffordshire, for approximately £1,265,000 (net assets acquired £1,265,000)
with an anticipated rent roll of some £99,365 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: 01483 306912                                 Tel: 01483 306912
Mobile: 07973 344768                              Mobile: 07976 753168


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