Primary Health Properties : Scrip Dividend Reference Price

20 October 2016

Primary Health Properties PLC

(the 'Company')

Scrip Dividend Scheme

The Company hereby announces the scrip dividend reference price for the Fourth Quarterly Dividend for 2016, (being a second interim dividend in respect of the financial year ending 31 December 2016) payable on 25 November 2016, is 111.75p. This is the reference price at which Primary Health Properties PLC Ordinary shares of 12.5p each ('Ordinary shares') will be issued to shareholders who have elected to receive shares in lieu of cash dividends through participation in the Scrip Dividend Scheme and is the average of the middle market quotations of the Company's Ordinary shares derived from the London Stock Exchange Daily Official List for the day on which the Ordinary shares were first quoted as ex-dividend (13 October 2016) and the four subsequent dealing days (being 14, 17, 18 and 19 October 2016).

Any shareholders entitled to the Fourth Quarterly Dividend who do not already participate in the Scrip Dividend Scheme and wish to do so, may obtain a mandate form by contacting the Company's Registrar, Equiniti, on0871 384 2268, or from the Company's website www.phpgroup.co.uk/Investors, or from the National Storage Mechanism. This form must be completed and returned to Equiniti to arrive no later than the close of business on 11 November 2016 in order for it to be effective for the Fourth Quarterly Dividend.

Contacts:

Paul Wright, Nexus Management Services Limited, Secretary

Telephone: [phone]