Primary Health Properties Plc appointed Mark Davies, ACA as Chief Executive Officer ("CEO") with effect from the conclusion of its Annual General Meeting to be held on 24 April 2024 ("2024 AGM"). He will succeed Harry Hyman, CEO and Founder of PHP who, as previously announced in December 2022, indicated his intention to step down as CEO at the time of PHP's 2024 AGM. Mark Davies is a highly experienced FTSE250 Executive having held CEO and CFO roles in listed companies and private equity.

He was a Co-founder Director of NewRiver REIT plc ("NewRiver") in 2009 and played an important role in taking the Company from IPO to the FTSE250 in seven years. He was CFO of NewRiver for over twelve years and, alongside his role as CFO, was also CEO/Executive Chairman of Hawthorn Leisure Limited ("Hawthorn") for five years. Mark stood down from the Board of NewRiver following the successful sale of Hawthorn in July 2021 to private equity at a premium price.

Mark has considerable capital markets experience and over the last fourteen years has raised over £3 billion of equity and debt in public and private markets. Prior to co-founding NewRiver, Mark spent three years as an Executive Director and CFO at Omega Land, a private equity fund, with over £2 billion of London real estate owned by Morgan Stanley Real Estate Funds. As part of the handover process Mark will work alongside Harry for a period of three months up to the 2024 AGM under the terms of a consultancy agreement.

Mark is currently the Senior Independent Director at Palace Capital PLC, a London-listed REIT.