Primary Health Regulatory News (PHP)

2 November 2023

Primary Health Properties PLC

Chairman Appointment

Primary Health Properties PLC ("PHP" or the "Group"), one of the UK's leading investors in modern primary healthcare facilities, is pleased to announce, after consultation with a number of the Group's major shareholders, the appointment of Harry Hyman, Founder and Chief Executive Officer ("CEO") of PHP, as Non-executive Chairman subject to shareholder approval at, and with effect from the conclusion of, its Annual General Meeting to be held on 24 April 2024 ("2024 AGM").

Harry will succeed Steven Owen who, as previously announced, will remain as Chairman until the conclusion of the 2024 AGM. On 4 September 2023 it was announced that Mark Davies will succeed Harry Hyman as CEO upon the conclusion of the 2024 AGM.

The Board believes that Harry Hyman's appointment is in the best interests of the Group and all of its stakeholders, particularly as Harry's knowledge and expertise gained over nearly 30 years in the primary care property sector will continue to be invaluable and highly relevant to the Group's future success. The Board has determined that the term will be a maximum of three years.

The Board is starting a process to recruit a fourth independent, Non-executive director.

Ian Krieger, Senior Independent Director, commented:

"On behalf of the Board I would like to express our thanks to Steven Owen, who will be retiring from the Board at the 2024 AGM after six years as Chairman having previously served for four years as a Non-executive director. Steven has led the Board with great skill and his contribution to the success of PHP has been immense.

"I am delighted that Harry has agreed to succeed Steven as Chairman and together with our new CEO Mark Davies, Chief Financial Officer Richard Howell, and Chief Investment Officer David Bateman, Primary Health Properties will have in place a formidable leadership team that will continue to build on the success of the business."

There are no other matters that require disclosure under 9.6.13R of the UK Listing Rules.

Ends

Further details:

Notes to Editors

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 27 years of consecutive dividend growth.

Its primary listing is on the Premium Segment of the LSE and 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 £150 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/

Legal Entity Identifier: 213800Y5CJHXOATK7X11