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MedicX Fund Ltd (C) (MXFC)

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Monday 01 October, 2007

MedicX Fund Ltd (C)

Share Conversion

The MedicX Fund Limited (C)
01 October 2007



For immediate release                                            1 October 2007

                              MedicX Fund Limited

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

                    Calculation Time for C Share Conversion


Further to the announcements on 2 and 29 May 2007 relating to a placing and
offer for subscription for C Shares in MedicX Fund, (LSE: MXF, LSE: MXFC), the
specialist investor in modern purpose built primary healthcare properties, the
Directors of the Company today announce that more than 75% of the assets
attributable to the C shares have been committed in accordance with the
Company's investment policy. Pursuant to the Company's Articles of Association,
the Calculation Time for the conversion of C Shares into Ordinary Shares is 30
September 2007. A further announcement will be released in due course to confirm
the relevant Conversion Time and Conversion Ratio.

The total property portfolio of MedicX Fund comprises 42 properties: 35
properties which are attributable to the Ordinary Shares of which three are
under construction, and 7 properties which are attributable to the C Shares, of
which three are under construction.

All terms used in this announcement are defined as set out in the Prospectus
dated 2 May 2007.



                                      End



For further information please contact:

MedicX Fund                                        +44 (0) 1481 723450
Alison Simpson, Director

MedicX Group                                       +44 (0) 1483 869500
Keith Maddin, Chairman
Mike Adams, Managing Director

Buchanan Communications                            +44 (0) 20 7466 5000
Charles Ryland / Lisa Baderoon / Mary-Jane Johnson





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