BeNEX Contract Win

Babcock&Brown Public Ptnrships Ltd
05 December 2007




Press Release

BeNEX WINS SIGNIFICANT NEW CONTRACT

Babcock & Brown Public Partnerships Ltd (LSE: BBPP or the 'Company') today
announced that BeNEX has been awarded a 12 year contract for the provision of
rail services in the region of Regensburg in Bavaria. BBPP holds a 49% stake in
BeNEX which is a 51% subsidiary of Hamburger Hochbahn AG (HHA), the second
largest LPPT (Local Public Passenger Transportation) company in Germany.

The contract will commence in December 2010 and is the first concession acquired
by BeNEX in Southern Germany. According to information provided by BeNEX, this
is the largest LPPT contract awarded in Germany this year and will provide
services for nearly seven million passengers per annum. The contract represents
an addition of nearly 50% to the route distance applicable to the existing BeNEX
concessions. BeNEX won the contract against competition from incumbent, DB Regio
as well as local and international competitors including Arriva and Veolia.

In order to service the new concession, BeNEX intend to establish a new
wholly-owned rail transportation company on site in Regensburg and to acquire 26
new vehicles with an anticipated cost of approximately €100 million. BeNEX
expect to fund the project from a portion of the equity capital committed at the
time of BBPP's initial investment in BeNEX, and debt.

Giles Frost, on behalf of Babcock & Brown Investment Management Limited, the
Investment Adviser to the Company said, 'This is excellent news for BeNEX and
for BBPP. This demonstrates the real potential of our partnership with BeNEX and
Hamburger Hochbahn whose experience and strong track record in the German LPPT
market complements BBPP's experience in the development and financing of public
private partnerships.

'The privatisation of the German LPPT market is in the earliest stages and BBPP,
through BeNEX, hopes to continue to participate actively in its future
development'

ENDS

For further information, please contact:

Babcock & Brown: [phone]

Investors   Bianca Francis
Media       Anthony Kennaway

Notes to Editors

About Babcock & Brown Public Partnerships Limited:

Babcock & Brown Public Partnerships Limited is a Guernsey incorporated, London
Stock Exchange listed company. The Company offers shareholders an exposure to
investment in infrastructure assets, particularly those with a public or social
character such as those developed under public bodies under private finance
initiative or public private partnership procurements.

The Company floated on the main market of the London Stock Exchange on 9
November 2006 and on 2 December 2007 had a market capitalisation of £327
million.

About BeNEX

BBPP owns 49% of BeNEX which is a subsidiary of Hamburger Hochbahn AG, the
second largest Local Public Passenger Transportation (LPPT) company in Germany.

BeNEX was formed in May 2007 when Hamburger Hochbahn placed all its existing
expansion activities in the LPPT sector outside the metropolitan region of
Hamburg into BeNEX. The investment in BeNEX was announced by BBPP in August
2007.

Including this contract, BeNEX will have interests in five rail transportation
contracts (cantus in Hesse, metronom in Lower Saxony, NBE nordbahn in
Schleswig-Holstein, ODEG in Brandenburg, Mecklenburg-Vorpommern and Saxony and
now Regensburg in Bavaria) and three bus transportation contracts (FBG Fulda,
KVG Kieler Verkehrsbetriebe and Stadtverkehr Lubeck).




                      This information is provided by RNS
            The company news service from the London Stock Exchange