Holding(s) in Company

Babcock&Brown Public Ptnrships Ltd
15 March 2007




        Not for publication, release or distribution in whole or in part in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


                   Babcock & Brown Public Partnerships Limited
            (Incorporated in Guernsey with registered number 45241)



Notification of Major Interest in Shares



In accordance with DTR 5.1.2, Rensburg Sheppards Investment Management Limited,
has made an initial notification to Babcock & Brown Public Partnerships Limited
(the 'Company') of a shareholding of 17,127,400 Ordinary shares, based on
nominee holdings in accordance with DTR 5.2.1(F), representing 5.71% of the
total voting rights of the Company.  This is the result of a transaction which
took place on the 28 February 2007.





For further information, please contact:





Babcock & Brown                  Anthony Kennaway    [phone]

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






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