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Primary Health Props (PHP)

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Wednesday 30 April, 2003

Primary Health Props

Re Agreement

Primary Health Properties PLC
30 April 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 Pengam Green, Cardiff, for approximately £1.36
million (net assets acquired £1.36 million) with an anticipated rent roll of
some £105,000 per annum.  The building will be let to a 6 GP Practice.







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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