Last checked at 
22 Sep 2008 10:32
Board Update
The Board of Babcock & Brown Public Partnerships Limited (BBPP or the Company) has noted the reduction in the market capitalisation of Babcock & Brown Limited in Australia. The Company's investment advisor is Babcock & Brown Investment Management Limited (BBIML), a UK Company registered with the FSA. The Board of BBPP continues to monitor the performance of the investment adviser and believes the current performance is satisfactory and that the Company's portfolio continues to perform as anticipated.
The BBPP Board's priority remains the maintenance and enhancement of value for BBPP shareholders. The Board, as a matter of routine, maintains contingency plans to ensure it will continue to receive the long term support and benefit of the existing 30-strong portfolio management team who are dedicated to the operation of BBPP.
The Company confirms that it has no loans with or shareholdings in Babcock & Brown or any other Babcock & Brown managed fund, and recent Babcock & Brown events have no implication for the strategy, direction and operation of BBPP, all of which have remained consistent since IPO.
For further information, please contact:
Babcock & Brown Public Partnerships +44 (0)20 7203 7300
About Babcock & Brown Public Partnerships:
Babcock & Brown Public Partnerships Limited is a Guernsey incorporated 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 private finance initiative (PFI) or public private partnership (PPP) procurement.
The Company floated on the main market of the London Stock Exchange on 9 November 2006 and at 30 June 2008 had a net asset backing per share of 109.5p. The Company was admitted to the FTSE AllShare and the FTSE 250 in 2008. The Company's assets are diversified geographically as well as across several PFI/PPP sectors, including roads and tunnels, rail, 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.