Admission to Official List

Babcock&Brown Public Ptnrships Ltd
09 November 2006



9 November 2006

      Not for publication, release or distribution in whole or in part in
                  Australia, Canada, Japan or the United States


                Babcock & Brown Public Partnerships Limited


          Admission to Official List and Commencement of Unconditional


            Dealings on the Main Market of the London Stock Exchange


The Board of Babcock & Brown Public Partnerships Limited (BBPP), the global
public infrastructure fund, is pleased to announce that its ordinary shares have
been admitted to the Official List of the UK Listing Authority and to trading on
the London Stock Exchange's main market for listed securities.  Unconditional
dealings in BBPP's ordinary shares will commence at 8.00am today.  The Company's
shares will trade under the ticker symbol BBPP.L.

The Company successfully completed an oversubscribed Placing and Offer for
Subscription for 300 million ordinary shares.

BBPP's investment adviser is Babcock & Brown Investment Management Limited
(BBIML), which has extensive infrastructure origination and investment
management skills.

BBPP will target a growing yield (initially 5.25 per cent per annum on the Issue
Price of 100 pence in its first full financial year) and offers investors the
prospect of capital growth (targeting an IRR on the Issue Price of 8 to 9 per
cent per annum over the longer term)

UBS Investment Bank acted as sponsor and sole placing agent for the Issue.



For further information, please contact:


Babcock & Brown              Anthony Kennaway            [phone]
UBS Limited                  Steven Wirth                [phone]
Financial Dynamics           Giles Sanderson             [phone]
                             Jon Simmons






This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or to acquire securities of the Company or an
inducement to enter into investment activity. UBS acted as sponsor and sole
placing agent for the Issue. UBS acted exclusively for the Company and no-one
else in connection with the Placing and the Offer. UBS will not be responsible
to anyone other than the BBPP for providing the protections afforded to their
respective clients nor for providing advice in relation to the acquisition or
the Placing or the Offer or any other matter referred to in this announcement.








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