22 August 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Not for publication, release or distribution in whole or in part in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 (LSE: BBPP) (the “Company”) today announced details of its intention to declare an interim distribution covering the period from listing to 30 June 2007.

 

 

Distribution period:	Listing (9 November 2006) to 30 June 2007
Distribution amount per share:	3.35 pence
Ex-distribution date:	Wednesday 26 September 2007
Record date:	Friday 28 September 2007
Payment date:	Friday 26 October 2007

   

The cash distribution of 3.35 pence per share is in line with the target distribution yield set out in the Company’s prospectus.

Also note BBPP will be releasing its interim results on Tuesday 18 September 2007. A teleconference will be held for analysts and investors. Further details will be circulated closer to this date.

 

 

 

 
For further information, please contact:

Babcock & Brown       +44 (0)20 7203 7300 

Investors   Bianca Francis   
Media    Anthony Kennaway

 

 

 

 

Babcock & Brown Public Partnerships Limited (LSE: BBPP) is a limited liability, Guernsey incorporated, closed-ended investment 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 9th November 2006 and on 14 August 2007 had a market capitalisation of £323.3 million. The portfolio now comprises 25 projects – 13 developed under the UK PFI Private Finance Initiative; 6 under the UK NHS Local Improvement Finance Trust procurement, 4 Australian PPP projects, a Canadian P3 contract, and is preferred bidder on a German PPP project. There is diversification geographically as well as across several PPP/PFI sectors, including roads and tunnels, railways, schools, courthouses, police and custodial facilities, government offices and health facilities. Babcock & Brown has been responsible for the development and management of the majority of these assets and through Babcock & Brown Investment Management Limited (BBIML) will continue to manage them for the benefit of BBPP.

In the future BBPP intends to capitalise on the development and internationalisation of private finance initiative (PFI) and public private partnerships (PPP) procurement models for public infrastructure in other developed countries, which it is anticipated will provide further investment opportunities for BBPP.