Portfolio Update

Babcock&Brown Public Ptnrships Ltd
03 July 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       Not for publication, release or distribution in whole or in part in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)



3 July 2007



                              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 30
June 2007.



Hereford & Worcester Magistrates Court
Strathclyde Police Training Centre
Northamptonshire Schools
Tower Hamlets Schools
Reliance Rail
Calderdale Schools
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