6 September 2023

Primary Health Properties PLC

("PHP", the "Company" or the "Group")

Secondary listing on the Johannesburg Stock Exchange

Primary Health Properties plc (LSE: PHP), one of the UK's leading investors in modern primary healthcare facilities, announces that it is in the process of applying for a secondary inward listing on the Main Board of the Johannesburg Stock Exchange (JSE) by way of an introduction. The listing of PHP on the JSE is expected to become effective in October 2023, subject to various regulatory approvals in South Africa.

The Company will not place or issue any new PHP shares in connection with its application for a secondary listing on the JSE and will remain listed on the premium segment of the Official List in London. PSG Capital Proprietary Limited have been appointed as Corporate Advisor and Sponsor.

PHP believes that admission to trading of the shares on the JSE will be beneficial to the Company and its stakeholders. The Board of PHP believes that the secondary listing can be expected to contribute to liquidity in the Group's shares through its increased profile in the South African market, where a number of investors have already shown strong interest in investing in PHP, driven by its high-quality, government-backed income stream and robust operating model.

More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk

Further details:

Legal Entity Identifier: 213800Y5CJHXOATK7X11