15 February 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Not for publication, release or distribution in whole or in part in Australia, Canada, Japan or the United States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)

Appointment to the Board

In accordance with Listing Rules 9.6.11, Babcock & Brown Public Partnerships Limited (the 'Company') announces that Carol P. Goodwin has been appointed to the Board of Directors of the Company.  The appointment will be effective from the close of the next Board meeting, currently scheduled for 19th February 2007.

For further information, please contact:

Babcock & Brown  Anthony Kennaway +44 (0)20 7203 7300

Heritage International Fund Laurence McNairn  +44 (0)1481 716000
Managers Limited, Secretary