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Primary Health Props (PHP)

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Monday 04 June, 2001

Primary Health Props

Acquisition

Primary Health Properties PLC
4 June 2001

                                 News Release

4th June 2001

                        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 Coppice Farm, Willenhall,
West Midlands, for approximately £1.2 million (net assets acquired £1.2
million) with an anticipated rent roll of some £94,000 per annum. The building
will be let to the Health Authority and sub-let to a GP Practice. There will
also be a Pharmacy.

Further details:

Harry Hyman                             Adam Dalgliesh
Managing Director                       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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