Update on secondary listing on the JSE

17 October 2023

Primary Health Properties PLC

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

Update on 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, is pleased, following the announcement on 6 September 2023, to confirm the release of a pre-listing announcement ("PLA") relating to a secondary inward listing on the Main Board of the Johannesburg Stock Exchange ("JSE"). The listing of PHP on the JSE is expected to become effective on 24 October 2023.

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 on the JSE.

PHP believes that admission to trading 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