Result of equity placing

Babcock International Group PLC
10 May 2007




This announcement is not for release, publication or distribution, directly or
indirectly, in or into the United States, Canada, South Africa, Australia, Japan
or any jurisdiction in which the same would be unlawful.  This announcement is
not an offer of securities in the United States, Canada, South Africa,
Australia, Japan or any jurisdiction in which the same would be unlawful.

Babcock International Group PLC
10 May 2007


          Babcock International Group PLC ('Babcock' or the 'Company')


                 Result of equity placing to raise £90 million


Babcock is pleased to announce the successful completion of the placing
announced earlier today (the 'Placing').



A total of 19,000,000 new ordinary shares of 60 pence each (the 'Placing 
Shares') have been placed with a range of institutional investors at a price of
475 pence per Placing Share. The gross proceeds are approximately £90 million.
The Placing Shares being issued represent approximately 9.1 per cent of
Babcock's issued ordinary share capital prior to the Placing.



The Placing Shares will rank pari passu with the existing ordinary shares in all
respects, including the right to receive the proposed final dividend of 5.65
pence announced today.



Application has been made for, and the Placing is conditional on, inter alia,
admission of the Placing Shares to listing on the Official List maintained by
the UK Listing Authority and admission to trading by the London Stock Exchange
plc on its market for listed securities (together, 'Admission'). Admission is
expected to take place, settlement to occur and dealing in the Placing Shares to
commence at 8.00a.m. on Tuesday, 15 May 2007.


ENQUIRIES:


Babcock                                     Tel:           [phone]
Peter Rogers, Chief Executive
Bill Tame, Finance Director

JPMorgan Cazenove                           Tel:           [phone]
(Financial adviser, sponsor & broker to Babcock 
and sole bookrunner to the placing)
Dermot McKechnie
Shona Graham

Financial Dynamics                          Tel:           [phone]
(PR for Babcock)
Andrew Lorenz
Richard Mountain



Save as expressly set out, this announcement does not constitute an offer or
invitation to underwrite, subscribe for or otherwise acquire or dispose of any
securities or investment advice in any jurisdiction. Past performance is no
guide to future performance. Persons needing advice should consult an
independent financial adviser.



This announcement is not for release, publication or distribution, directly or
indirectly, in or into the United States, Canada, South Africa, Australia, Japan
or any jurisdiction in which the same would be unlawful. This announcement does
not constitute an offer to sell or issue, or the solicitation of an offer to buy
or subscribe for, securities in the United States, Canada, South Africa,
Australia or Japan or any jurisdiction in which such offer or solicitation is
unlawful and should not be relied upon in connection with any decision to
acquire Placing Shares or other securities in the capital of the Company.  There
will be no public offer of Placing Shares in the United States, the United
Kingdom or elsewhere.



This announcement has been issued by and is the sole responsibility of the
Company. JPMorgan Cazenove and their respective affiliates and agents shall have
no liability for any information contained in it relating to the Company.



JPMorgan Cazenove, which is authorised and regulated in the United Kingdom by
the Financial Services Authority, is acting exclusively for the Company and no
one else in connection with the Placing and will not be responsible to anyone
other than the Company for providing the protections afforded to its clients nor
for providing advice in relation to the Placing or in relation to the contents
of this announcement or for any other transaction, arrangement or matters
referred to in this announcement.



The Placing Shares have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the 'Securities Act'), or under the
securities laws of any state of the United States and may not be offered, sold
or transferred, directly or indirectly, within the United States except pursuant
to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and applicable state securities laws. This
announcement does not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of, the Placing Shares in any state in
which such offer, solicitation or sale would be unlawful.    The Placing Shares
have not been, and will not be, registered with any regulatory authority of any
state within the United States. No money, securities or other consideration is
being solicited and, if sent in response to the information herein, will not be
accepted.


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