SAR - Primary Health Props

North Atlantic Smlr Co Inv Tst PLC
7 February 2001

FORM SAR 5

Lodge with Company Announcements Office and the Panel. A copy must also be
sent to the company the shares of which are being sold.

Date of disclosure.7 FEBRUARY 2001

DISCLOSURE UNDER NOTE 3 OF RULE 5 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ('SARs')


Date of sale: 5 FEBRUARY 2001

Sale of...PRIMARY HEALTH PROPERTIES PLC (name of company)


(1) Class of voting shares Number of shares/rights If rights over shares
(eg ordinary shares) over shares sold sold, as opposed
to the shares
themselves, specify
nature of rights

ORDINARY SHARES           35,000 SHARES               N/A



(2) Resultant total holding Resultant total holding Total percentage
of voting shares (and % of rights over shares
of total voting shares (and % of total voting
in issue) shares in issue)

3,750,000 SHARES(23.885%) ....N/A....( %) ..23.885%


(3) Party making disclosure......J O HAMBRO CAPITAL MANAGEMENT LIMITED FOR AND
ON BEHALF OF NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC AS COMPANY
SECRERTARY


(4) (a) Name of person selling shares or rights over shares ..............
and, if different, beneficial owner...AS ABOVE.....................

(b) Names of any other persons acting by
agreement or understanding (see SAR 5)...N/A..................


Signed, for and on behalf of the party named in (3) above...................

(Also print name of signatory)....BONITA DRYDEN..............................

Telephone and extension number...020 7747 5681......................


or full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129.