Holding(s) in Company

Babcock&Brown Public Ptnrships Ltd
03 July 2007


3 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       Not for publication, release or distribution in whole or in part in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)



                  Notification of change of registered holder
                           of major interest in shares



In accordance with DTR 5.1.2, Babcock & Brown Public Partnerships Limited (the
'Company') announces that B&B Prime Securities Pty Limited has transferred its
holding of 25,000,000 shares, 8.33% of the total share capital of the Company,
to AGSO Property Pty Limited for internal administrative purposes and without
any change of beneficial ownership.








For further information, please contact:


Babcock & Brown                      Anthony Kennaway       [phone]

Heritage International Fund          Laurence McNairn       [phone]
Managers Limited, Secretary






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