Acquisition/Equity Issue

Medical Property Investment Fd Ltd
08 June 2006

     The Medical Property Investment Fund Limited ('MPIF' or the 'Company')

                    Acquisition and Further Issue of Equity


The Board of MPIF announces that it has entered into a series of arrangements
for the purchase of the 30 per cent. of BHE Holdings Limited ('BHE'), which it
did not previously own, from BHE's founders (the 'Vendors').  MPIF will purchase
approximately 22 per cent. of the outstanding shares in BHE for an aggregate
consideration satisfied by the issue of 1,322,475 ordinary shares of 10 pence
each in MPIF ('Ordinary Shares') which, it is anticipated, will be admitted to
trading on 9 June 2006.  The Vendor who owns the remaining 8  per cent. of the
shares in BHE has entered into an option agreement under which, before 31
December 2008, he may exercise his right to sell his BHE shares to MPIF for a
consideration of 464,644 Ordinary Shares.  In the event that this option
expires, MPIF has the right to acquire the BHE shares for the same
consideration.

BHE has successfully reached financial close in its three Local Improvement
Finance Trusts (LIFT) Projects in Liverpool & Sefton; Coventry; and Barnet,
Enfield and Haringey and is now developing into the emerging Community Hospital
sector.

It is now intended to fully integrate the experienced BHE health team into MPIF
so as to benefit from enhanced cooperation, economies and wider health planning
opportunities and to further develop the team's major procurements bidding
capabilities.


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