Holding(s) in Company

Primary Health Properties PLC
13 September 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

PRIMARY HEALTH PROPERTIES PLC

2)   Name of shareholder having a major interest

THE ROYAL BANK OF SCOTLAND plc

THE ROYAL BANK OF SCOTLAND GROUP plc



3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

AS IN 2 ABOVE


4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them


AS ABOVE



5)   Number of shares/amount of stock acquired


3,478,260 ORDINARY SHARES UPON THE CONVERSION BY THE ROYAL BANK OF SCOTLAND

plc OF£4 MILLION CONVERTIBLE LOAN STOCK DUE MARCH 2016 PURSUANT TO LOAN STOCK

INSTRUMENT DATED 14 MARCH 1996.


6)   Percentage of issued class

16.08%


7)   Number of shares/amount of stock disposed


N/A


8)   Percentage of issued class

N/A

9)   Class of security

ORDINARY SHARES OF 50p EACH


10)  Date of transaction

19 AUGUST 2004 (CONVERSION DATE)


11)  Date company informed

13 SEPTEMBER 2004

12)  Total holding following this notification

3,478,260 ORDINARY SHARES

13)  Total percentage holding of issued class following this notification


16.08%


14)  Any additional information





15)  Name of contact and telephone number for queries

Bonita Guntrip - 020 7747 5681


16)  Name and signature of authorised company official responsible for
     making this notification



For and on behalf of J O Hambro Capital Management Limited as Company Secretary
of Primary Health Properties PLC


Date of notification 13 SEPTEMBER 2004




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