Acquisition of New Site

The MedicX Fund Limited
12 February 2007


For immediate release                                          12 February 2007





                              MedicX Fund Limited

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





                            Acquisition of New Site



MedicX Fund, the specialist investor in modern purpose built primary healthcare
properties, which on 2 November 2006 listed on the Official List of the London
Stock Exchange today announces that it has, via its subsidiary MedicX Properties
I Ltd, entered into a fixed price forward funding agreement with Primary Asset
to acquire a new medical centre at Wollaton, Nottinghamshire, for £2.93m in
cash.  The Fund is earning licence fee income during its development.  The
initial rental income of the property will be £162,005 per annum and has been
valued by DTZ Debenham Tie Leung, valuers to the MedicX Fund at £2.93 million
net of 5.75% purchaser costs. This property is expected to be completed by
December 2007.





                                      Ends





For further information please contact:


MedicX Group                                                  [phone]
Keith Maddin, Chairman
Mike Adams, Managing Director

Buchanan Communications                                     [phone]
Charles Ryland / Lisa Baderoon / Mary-Jane Johnson





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