Medicx Fund Regulatory News (MXF)

For immediate release 19 May 2010

MedicX Fund Limited

("MedicX Fund", "the Fund" or "the Company")

Scrip Calculation Price for June 2010 Dividend in relation to the

Scrip Dividend Scheme

On 17 May 2010 the Board of MedicX Fund Limited announced an opportunity for qualifying Shareholders to receive relevant dividends in new ordinary shares instead of in cash (the "Scheme").

In relation to the dividend for the period 1 January 2010 to 31 March 2010 payable on 30 June 2010 (the "June 2010 Dividend"), the price of a new ordinary share in relation to the Scrip Dividend Scheme (the "Scrip Calculation Price") has been set at 73.95 pence. This is the average of the closing middle market quotations for the Company's ordinary shares for the five consecutive business days commencing on the ex-dividend date of 12 May 2010.

Mandate forms must be received by the Company's registrars, Capita Registrars, (or CREST instructions entered) by no later than 5:00 p.m. on 4 June 2010 in order for elections under the Scrip Dividend Scheme to be effective in relation to the June 2010 Dividend. The payment date in respect of the June 2010 Dividend is 30 June 2010.

Shareholders who have any questions regarding the Scrip Dividend Scheme should contact the Capita Registrars helpline on 0871 664 0321*

*Calls made to this number are charged at 10 pence per minute plus network charges. Lines are open 8.30 a.m. to 5.30 p.m. (London time) Monday to Friday (except Bank Holidays).

End

For further information please contact:

MedicX Fund +44 (0) 1481 723 450

David Staples, Chairman

MedicX Group +44 (0) 1483 869 500

Keith Maddin, Chairman

Mike Adams, Chief Executive Officer

Mark Osmond, Chief Financial Officer

Information on MedicX Fund Limited

MedicX Fund Limited ("MXF", the "Fund" or the "Company", or together with its subsidiaries, the "Group") is the specialist primary care infrastructure investor in modern, purpose-built primary healthcare properties in the United Kingdom, listed on the London Stock Exchange, with a portfolio comprising 52 properties.

The Investment Adviser to the Company is MedicX Adviser Ltd, which is authorised and regulated by the Financial Services Authority and is a subsidiary of the MedicX Group. The MedicX Group is a specialist investor, developer and manager of healthcare properties with 34 people operating across the UK.

The Company's website address is www.medicxfund.com