Portfolio Update

Babcock&Brown Public Ptnrships Ltd
03 April 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Not for publication, release or distribution in whole or in part in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 March 2007.





Hereford & Worcester Magistrates Court
Strathclyde Police Training Centre
Northamptonshire Schools
Tower Hamlets Schools
Calderdale Schools
Reliance Rail
Norfolk Police HQ
Derbyshire Schools Phase 2
Bootle Government Offices
Durham Courthouse







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