Holding(s) in Company

Babcock&Brown Public Ptnrships Ltd
08 November 2007


TR-1(i):               Notification of major interests in shares


1. Identity of the issuer or the underlying issuer of existing   Babcock & Brown Public Partnerships
shares to which voting rights are attached(ii):                                  Ltd

2. Reason for the notification     (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights                                      X
An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify):

3. Full name of person(s) subject to the notification             Prudential plc group of companies
obligation(iii):

4. Full name of shareholder(s) (if different from 3.)(iv):                  Prudential Plc

5. Date of the transaction (and date on which the threshold is             06 November 2007
crossed or reached if different)(v):

6. Date on which issuer notified:                                          08 November 2007

7. Threshold(s) that is/are crossed or reached:                                   4%

8. Notified details:




A: Voting rights attached to shares
Class/type of       Situation previous to the   Resulting situation after the triggering transaction(vii)
shares              Triggering transaction (vi)
                     Number of     Number of       Number of    Number of voting rights     % of voting
(if possible using     Shares    Voting Rights      shares                 ix                 rights
the ISIN CODE)                        viii          Direct        Direct  x    Indirect   Direct  Indirect
                                                                                  xi
GB00B188SR50        11,537,000   11,537,000     12,237,000      12,237,000               4.07%


B: Financial Instruments
Resulting situation after the triggering transaction xii
 Type of financial   Expiration date   Exercise/ Conversion     Number of voting rights     % of voting
     instrument           xiii           Period/ Date xiv       that may be acquired if        rights
                                                                   the instrument is
                                                                 exercised/ converted.
        N/A          N/A                        N/A            N/A                        N/A


Total (A+B)
Number of voting rights                            % of voting rights
12,237,000                                         4.07%











9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:
Prudential plc (parent Company)

The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc)


Proxy Voting:
10. Name of the proxy holder:                                      N/A
11. Number of voting rights proxy holder will cease to hold:       N/A
12. Date on which proxy holder will cease to hold voting rights:   N/A


13. Additional information:                  None
14. Contact name:                            Emma Thompson

                                             M&G Investment Management Limited
15. Contact telephone number:                020 7548 2293



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