Inclusion of PHP in FTSE/JSE Africa Index Series

Primary Health Properties PLC

('PHP' or the 'Company')

Inclusion of PHP in the FTSE/JSE Africa Index Series

PHP, one of the UK's leading investors in modern primary healthcare facilities, is pleased to announce that, following its secondary listing on the Main Board of the Johannesburg Stock Exchange ("JSE") by way of an introduction less than a year ago, it has now been included in a number of key South African indices, including the prominent FTSE/JSE All Share index and All Property index.  A full list can be found later in this announcement.

The inclusion comes at an exciting time for PHP, as the new Labour Government in the UK has signalled the need for further capital investment in primary care, and the Group continues to demonstrate its ability to deliver secure, reliable earnings growth as the only REIT to offer a high proportion of income funded by Government bodies at c.90%.

Mark Davies, Chief Executive Officer ("CEO") of PHP, commented:

"Achieving a place in the FTSE/JSE Africa Index Series is testimony to the initiatives that we've launched to increase liquidity on the JSE and we look forward to continuing to increase the tradability of the Company's shares. As we continue to deliver growth for shareholders, we are excited by the prospect of growing our South African investor base and providing the JSE investor community with an opportunity to invest in a first-of-its-kind, United Kingdom-based, primary healthcare-focused REIT and leading investor in modern primary healthcare across the United Kingdom and the Republic of Ireland".

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Notes to Editors

Indices list:-

Notes to Editors

The above inclusions follow the recent quarterly review of the FTSE/JSE Africa Index Series and are effective today, Monday 23 September 2024.

Primary Health Properties (LSE and JSE: PHP) is a leading investor in modern primary healthcare properties across the UK and Ireland. Since listing on the London Stock Exchange ("LSE") in 1998, it has created progressive returns for shareholders through a combination of rental growth and capital appreciation, generating 28 years of consecutive dividend growth.

Its primary listing is on the LSE (Equity shares (commercial companies)) and it is included on the FTSE 250 Index. It has a secondary listing on the South African JSE LIMITED ("JSE").

The Group owns and manages a £2.8 billion portfolio of healthcare assets that generate strong, high quality rent roll of just under £153 million. Its internal management team delivers sector leading financial management, with the lowest peer cost ratios. In particular, PHP is positioned for growth in the emerging Irish market following its 2023 acquisition of Axis Technical Services, the Irish property management business.

PHP's long-term leases offer unique security with c.90% of rental income directly or indirectly backed by the government, via the NHS in the UK or HSE in Ireland. Growing and ageing patient populations are placing increasing and significant pressure on the government's under-invested healthcare systems; the provision of better front line primary care offers a proven solution. The Board has a strong commitment to responsible growth and has set out a clear plan to transition operational, development and asset management activities to Net Zero Carbon by 2030.

Further information about PHP can be found here: https://www.phpgroup.co.uk/

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