Form 8.5 EPT/Non RI PRIMARY HEALTH PROPERTIES PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose

PRIMARY HEALTH PROPERTIES PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

ASSURA PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

11 Mar 2025

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

trader making disclosures in respect of any other party to the offer?

ASSURA PLC

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

Convertible Bond XS2016141637

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

2,555,000

0.19%

0

0.00%

(2)

Cash-settled derivatives:

and/or controlled:

0

0.00%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,555,000

0.19%

0

0.00%

Class of relevant security:

12.5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

1,887,341

0.14%

14,261,437

1.07%

(2)

Cash-settled derivatives:

and/or controlled:

12,001,459

0.90%

1,446,901

0.11%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

13,888,800

1.04%

15,708,338

1.18%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

12.5p ordinary

Purchase

568,229

0.9641 GBP

0.9470 GBP

12.5p ordinary

Sale

906,781

0.9655 GBP

0.9460 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

12.5p ordinary

SWAP

Decreasing Long

1

22.8861 ZAR

12.5p ordinary

SWAP

Increasing Long

1,542

0.9460 GBP

12.5p ordinary

SWAP

Increasing Long

236,490

0.9576 GBP

12.5p ordinary

SWAP

Increasing Long

3,358

0.9577 GBP

12.5p ordinary

SWAP

Increasing Long

15,737

0.9593 GBP

12.5p ordinary

SWAP

Increasing Long

20,542

0.9598 GBP

12.5p ordinary

SWAP

Increasing Long

60,036

0.9599 GBP

12.5p ordinary

SWAP

Increasing Long

53,430

0.9600 GBP

12.5p ordinary

SWAP

Increasing Long

168,456

0.9604 GBP

12.5p ordinary

SWAP

Increasing Long

22,230

0.9607 GBP

12.5p ordinary

SWAP

Decreasing Long

507

0.9495 GBP

12.5p ordinary

SWAP

Decreasing Long

8,282

0.9509 GBP

12.5p ordinary

SWAP

Decreasing Long

2,500

0.9515 GBP

12.5p ordinary

SWAP

Decreasing Long

3,300

0.9523 GBP

12.5p ordinary

SWAP

Decreasing Long

199

0.9546 GBP

12.5p ordinary

SWAP

Decreasing Long

1

0.9555 GBP

12.5p ordinary

SWAP

Decreasing Long

1,066

0.9564 GBP

12.5p ordinary

SWAP

Decreasing Long

3,396

0.9581 GBP

12.5p ordinary

SWAP

Decreasing Long

3,069

0.9590 GBP

12.5p ordinary

SWAP

Decreasing Long

1,697

0.9592 GBP

12.5p ordinary

SWAP

Decreasing Long

2,650

0.9593 GBP

12.5p ordinary

SWAP

Decreasing Long

44,556

0.9600 GBP

12.5p ordinary

SWAP

Decreasing Long

133,666

0.9611 GBP

12.5p ordinary

SWAP

Decreasing Long

44,555

0.9620 GBP

12.5p ordinary

SWAP

Decreasing Long

191

0.9625 GBP

12.5p ordinary

CFD

Decreasing Short

22,499

0.9621 GBP

12.5p ordinary

CFD

Increasing Short

2,000

0.9025 GBP

12.5p ordinary

CFD

Increasing Short

2,478

0.9459 GBP

12.5p ordinary

CFD

Increasing Short

6,034

0.9600 GBP

12.5p ordinary

CFD

Increasing Short

7,621

0.9660 GBP

12.5p ordinary

CFD

Decreasing Short

1

22.8800 ZAR

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the exempt principal trader making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

12 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213