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Not for publication, release or distribution in whole or in part in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

                 
Babcock & Brown Public Partnerships Limited (the "Company") announces that Carol
P. Goodwin has resigned as a director of Stratton Street PCC Limited with effect
from 7 March 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