Portfolio Update

Babcock&Brown Public Ptnrships Ltd
03 January 2007






3 January 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     Not for publication, release or distribution in whole or in part in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)





                             Portfolio Update



In accordance with Listing Rule 15.4.11(2), Babcock & Brown Public Partnerships
Limited (the 'Company') announces its 10 largest investments, including all
holdings with a value greater than 5% of the Company's total assets as at 31
December 2006.




Hereford & Worcester Magistrates Court

Strathclyde Police Training Centre

Tower Hamlets Schools

Northamptonshire Schools

Calderdale Schools

Norfolk Police HQ

Derbyshire Schools Phase 2

Reliance Rail

Bootle Government Offices

RiverCity Motorway







For further information, please contact:





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 END

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