Not for publication, release or distribution in whole or in part in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

The Board of Babcock & Brown Public Partnerships Limited (BBPP), the global public infrastructure fund, is pleased to announce that its ordinary shares have been admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities. Unconditional dealings in BBPP’s ordinary shares will commence at 8.00am today. The Company’s shares will trade under the ticker symbol BBPP.L.

The Company successfully completed an oversubscribed Placing and Offer for Subscription for 300 million ordinary shares.

BBPP’s investment adviser is Babcock & Brown Investment Management Limited (BBIML), which has extensive infrastructure origination and investment management skills.

BBPP will target a growing yield (initially 5.25 per cent per annum on the Issue Price of 100 pence in its first full financial year) and offers investors the prospect of capital growth (targeting an IRR on the Issue Price of 8 to 9 per cent per annum over the longer term)

UBS Investment Bank acted as sponsor and sole placing agent for the Issue.

For further information, please contact:

Babcock & Brown                   Anthony Kennaway                 +44 (0)20 7203 7232

UBS Limited                           Steven Wirth                          +44 (0)20 7567 8000

Financial Dynamics                 Giles Sanderson                     +44 (0)20 7831 3113

                                            Jon Simmons                         

This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or to acquire securities of the Company or an inducement to enter into investment activity. UBS acted as sponsor and sole placing agent for the Issue. UBS acted exclusively for the Company and no-one else in connection with the Placing and the Offer. UBS will not be responsible to anyone other than the 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 or any other matter referred to in this announcement.