Result of Equity Issue

Babcock&Brown Public Ptnrships Ltd
17 April 2008



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Not for publication, release or distribution in whole or in part in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

 Placing and Offer for Subscription of C Shares at an Issue Price of 100 pence
                                  per C Share


The Board of Babcock & Brown Public Partnerships Limited ('BBPP'), the global
public infrastructure fund, announces the results of its Placing and Offer for
Subscription of C Shares.


An aggregate of 84 million BBPP C Shares will be issued at a price of 100 pence
per C Share, of which an aggregate of 8 million C Shares will be issued in the
Offer for Subscription and 76 million C Shares in the Placing.


The Issue saw demand from both institutional and private investors.  The Issue
provides the Company with additional equity capital to complete the previously
announced acquisition of a further portfolio of UK, European and Australian
public infrastructure assets as well as additional funding for its projected
investment pipeline.


An application has been made for the C Shares to be admitted to the Official
List of the UK Listing Authority and to trading on the main market for listed
securities of the London Stock Exchange.


Babcock & Brown Ltd will hold 7 million C Shares after the Issue together with
25 million Ordinary Shares in BBPP, maintaining its overall interest of 8.33%, a
position it has held since the Initial Public Offer in November 2006.


UBS Investment Bank acted as Sponsor, Global Coordinator and Book Runner.

UBS Investment Bank and Macquarie Capital (Europe) Limited acted as Joint Lead
Managers.


Expected timetable:-


Admission to the Official List and unconditional 
dealings in the C Shares to commence on the London 
Stock Exchange                                           8.00am on 22 April 2008


CREST accounts credited against payment in respect       
of the Placing and the Offer for Subscription            22 April 2008


Share certificates in respect of the C Shares dispatched w/c 28 April 2008

For further information, please contact:


Babcock & Brown                    Anthony Kennaway     [phone]

                                   Bianca Francis       [phone]


UBS Limited                        Steven Wirth         [phone]

                                   Adrian Lewis         [phone]


Macquarie Capital (Europe) Limited Colin West           [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
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