Holding(s) in Company

Babcock&Brown Public Ptnrships Ltd
18 May 2007

Schroder Investment Management Limited
31 Gresham Street, London EC2V 7QA
Telephone [phone]   Fax  [phone]
www.schroders.com


TR-1: Notifications of Major Interests in Shares




1. Identity of the issuer or the underlying issuer of          Babcock and Brown Public Partners Ltd
existing shares to which voting rights are attached:


2. Reason for notification


An acquisition or disposal of voting rights


An acquisition or disposal of financial instruments which may result in the acquisition
of shares already issued to which voting rights are attached
                                                                                             Yes

An event changing the breakdown of voting rights


Other (please specify):______________


3. Full name of person(s) subject to notification                     Schroders plc
obligation:


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


5. Date of transaction (and date on which the                          16 May 2007
threshold is crossed or reached if different):


6. Date on which issuer notified:                                      17 May 2007


7. Threshold(s) that is/are crossed or reached:                          Above 5%


8: Notified Details
A: Voting rights attached to shares


Class/type of      Situation previous to    Resulting situation after the triggering transaction
shares             the triggering
                   transaction
If possible use    Number of   Number of    Number of     Number of voting rights   Percentage of voting
ISIN code          shares      voting       shares                                  rights
                               rights

                                                          Direct       Indirect     Direct      Indirect


     Ordinary



   GB00B188SR50    28,853,715   28,853,715       N/A          N/A     28,853,715                 9.6179%




B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial    Expiration date      Exercise/ conversion No. of voting rights  Percentage of voting
instrument                                period/date          that may be acquired  rights
                                                               (if the instrument
                                                               exercised/converted)

Total (A+B)


Number of voting rights                              Percentage of voting rights
       28,853,715                                            9.6179%



9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively
held, if applicable:

Schroder Investment Management Limited     28,853,715   9.6179%



Proxy Voting:


10. Name of proxy holder:


11. Number of voting rights proxy holder will cease
to hold:


12. Date on which proxy holder will cease to hold
voting rights:




13. Additional information:                           The shares referred to in section 9 are held in
                                                      portfolios managed by those firms on a discretionary
                                                      basis for clients under investment management
                                                      agreements.
14 Contact name:

                                                                          Chris Melrose
15. Contact telephone name:

                                                                          020 7658 4331






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