Issue of Equity

Babcock&Brown Public Ptnrships Ltd
22 April 2008




22 April 2008


         Not for publication, release or distribution in whole or in part in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


The Board of Babcock & Brown Public Partnerships Limited ('BBPP'), the global
public infrastructure fund, is pleased to announce that its C 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 C Shares will commence at 8.00am today. BBPP's C Shares will
trade under the ticker symbol BBPC.L.

BBPP successfully completed a Placing and Offer for Subscription of 84 million C
Shares.



For further information, please contact:

Babcock & Brown           Anthony Kennaway      [phone]
                          Bianca Francis        [phone]


This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or to acquire C Shares of BBPP or an inducement
to enter into investment activity. UBS Limited ('UBS' or 'UBS Investment Bank')
acted as Sponsor, Global Coordinator and Book Runner for the Issue. UBS
Investment Bank and Macquarie Capital (Europe) Limited ('Macquarie Capital')
acted as Joint Lead Managers. UBS and Macquarie Capital acted exclusively for
BBPP and no-one else in connection with the Placing and the Offer for
Subscription. UBS and Macquarie Capital will not be responsible to anyone other
than 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
for Subscription or any other matter referred to in this announcement.





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