Re Agreement

Primary Health Properties PLC
23 June 2003


23rd June 2003


                         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 Gatley, Cheshire, for approximately £1.6 million
(net assets acquired £1.6 million) with an anticipated rent roll of some
£111,000 per annum.  The building will be let to a GP Practice.




Further details:



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




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