Re Agreement

Primary Health Properties PLC
30 April 2001


                        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 Monks Lane, Newbury,
Berkshire, for approximately £1.7 million (net assets acquired £1.7 million)
with an anticipated rent roll of some £136,000 per annum. The building will be
let to a 7 Doctor Practice and a Pharmacy.

30th April 2001


Further details:
Harry Hyman                             Adam Dalgliesh
Managing Director                       Director
Primary Health Properties PLC           Primary Health Properties PLC
Tel: [phone]                       Tel: [phone]
Mobile: [phone]                    Mobile: [phone]