Scrip Dividend Declaration

For immediate release

10 December 2015

MedicX Fund Limited

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

Scrip Dividend Declaration

MedicX Fund (LSE: MXF) announces that, pursuant to its scrip dividend scheme (the "Scrip Dividend Alternative"), elections were received in respect of 2.9 per cent. of the ordinary shares in issue as at the record date of 20 November 2015. Electing shareholders will receive ordinary shares of no par value in the Company ("Shares") in lieu of receiving cash for the December 2015 dividend in respect of the quarter ended 30 September 2015. Accordingly, 185,789 Shares will be sold out of treasury by the Company on 31 December 2015 to shareholders who elected to participate in the Scrip Dividend Alternative.

The Shares will rank pari passu with the existing ordinary shares.

Following the transaction, the Company is expected to have 394,252,182 ordinary shares in issue, of which 25,941,087 will be held in treasury. Accordingly the total voting rights in issue will be 368,311,095.

Copies of the documents relating to the Scrip Dividend Alternative are available for inspection through the National Storage Mechanism (http://www.morningstar.co.uk/uk/NSM).

End

For further information please contact:

MedicX Fund +44 (0) 1481 723 450

David Staples, Chairman

Octopus Healthcare Group +44 (0) 1483 869 500

Mike Adams, Chief Executive Officer

Buchanan +44 (0) 20 7466 5000

Charles Ryland/Vicky Watkins

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 148 properties.

The Investment Adviser to the Company is Octopus Healthcare Adviser Ltd, which is authorised and regulated by the Financial Conduct Authority and is a subsidiary of the Octopus Healthcare Group. The Octopus Healthcare Group is a specialist investor, developer and manager of healthcare properties with 38 people operating across the UK.

The Company's website address is www.medicxfund.com. Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website), nor the contents of any website accessible from hyperlinks within this announcement, are incorporated into, or forms part of, this announcement.