Re Agreement

Primary Health Properties PLC
18 December 2003


18th December 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 Sapphire Primary Care Developments Limited to acquire
a new medical centre to be constructed in Llandudno, North Wales, for some £1.2
million (net assets acquired some £1.2 million) with an anticipated rent roll of
some £82,000 per annum.  The building will be let to a GP Practice and Lloyds
Pharmacy.




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]




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