Holding(s) in Company

Babcock&Brown Public Ptnrships Ltd
07 June 2007









TR-1.   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1.         Identity of the issuer or the underlying issuer of existing shares to
which voting  rights are attached:



BABCOCK & BROWN PUBLIC PARTNERSHIPS LIMITED



2.         Reason for the notification (please delete as applicable)

            An acquisition or disposal of voting rights 



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



RENSBURG SHEPPARDS INVESTMENT MANAGEMENT LIMITED



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



            N/A



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



29TH MAY 2007



6.         Date on which issuer notified:



6TH JUNE 2007



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



6%

8.         Notified details:  NOMINEE HOLDINGS



A:         VOTING RIGHTS ATTACHED TO SHARES



Class/type       Situation previous              Resulting situation after the triggering
of shares         to the Triggering                transaction
if possible        transaction
using

ISIN CODE

                  Number       Number           Number       Number of           % of voting
                  of Shares    of Voting        of shares    voting rights       rights
                               Rights
                                                Direct     Direct    Indirect   Direct    Indirect



Ordinary Shares  17,127,400   17,127,400                             18,224,950            6.07%



GB00B188SR50




B.         FINANCIAL INSTRUMENTS



Resulting situation after the triggering transaction



Type of            Expiration       Exercise/       Number of        % of voting
Financial          date             Conversion      voting rights    rights
Instrument                          Period/Date     that may be
                                                    acquired if
                                                    the instrument
                                                    is exercised/
                                                    converted


TOTAL (A+B)



Number of voting rights              % of voting rights

18,224,950                              6.07%


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



CLIENT HOLDINGS REGISTERED IN THE NAME OF NOMINEE COMPANIES 100% BY RENSBURG
SHEPPARDS INVESTMENT MANAGEMENT LIMITED


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:



N/A



14.       Contact name:



            N/A



15.       Contact telephone number:



            N/A





ANNEX: NOTIFICATION OF MAJOR INTERESTS IN SHARES



A:         Identity of the person or legal entity subject to the notification
obligation



16.       Full name (including legal form for legal entities)



RENSBURG SHEPPARDS INVESTMENT MANAGEMENT LIMITED



17.       Contact address (registered office for legal entities)



            QUAYSIDE HOUSE, CANAL WHARF, LEEDS, LS11 5PU



18.       Phone number



            0113 259 5872



19.       Other useful information (at least legal representative for legal
persons)



            MIKE RIGBY (HEAD OF COMPLIANCE)
B:         Identity of the notifier, if applicable



20.       Full name



            PHILIP MARTIN BEARDWELL



21.       Contact address



            2 GRESHAM STREET, LONDON, EC2V 7QN



22.       Phone number



020 7597 1356



23.       Other useful information (e.g. functional relationship with the person
or legal       entity subject to the notification obligation)



COMPLIANCE OFFICER



C:         Additional information



THIS DISCLOSURE IS MADE BY RENSBURG SHEPPARDS INVESTMENT MANAGEMENT LIMITED
BASED ON NOMINEE HOLDINGS IN ACCORDANCE WITH DTR 5.2.1(F).







CONTACT DETAILS:



Babcock & Brown              Anthony Kennaway   [phone]





Heritage International Fund  Laurence McNairn    [phone]
Managers Limited, Secretary




                      This information is provided by RNS
            The company news service from the London Stock Exchange