Last checked at 
23 Dec 2008 09:56
| TR-1: notification of major interests in shares |
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Babcock & Brown Public Partnerships Ltd | |
| 2. Reason for the notification (please tick the appropriate box or boxes) | ||
| An acquisition or disposal of voting rights | Χ | |
| An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||
| An event changing the breakdown of voting rights | ||
| Other (please specify): | ||
| 3. Full name of person(s) subject to the notification obligation: | Rensburg Sheppards Investment Management Limited | |
| 4. Full name of shareholder(s) (if different from 3.): | N/A | |
| 5. Date of the transaction (and date on which the threshold is crossed or reached if different): | 18 December 2008 | |
| 6. Date on which issuer notified: | 23 December 2008 | |
| 7. Threshold(s) that is/are crossed or reached: | 7% | |
| 8. Notified details: Nominee Holdings | ||
| A: Voting rights attached to shares | |||||||
| Class/type of shares (if possible using the ISIN CODE) | Situation previous to the Triggering transaction | Resulting situation after the triggering transaction | |||||
| Number of Shares | Number of Voting Rights viii | Number of shares | Number of voting rights ix | % of voting rights | |||
| Direct | Direct x | Indirect xi | Direct | Indirect | |||
| Ordinary Shares GB00B188SR50 | 18,224,950 | 18,224,950 | 26,552,310 | 7.09% | |||
| B: Financial Instruments | ||||
| Resulting situation after the triggering transaction xii | ||||
| Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period/ Date xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
| N/A | N/A | N/A | N/A | N/A |
| Total (A+B) | |
| Number of voting rights | % of voting rights |
| 26,552,310 | 7.09% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv: |
| Client holdings registered in the name of Nominee companies 100% owned by Rensburg Sheppards Investment Management Limited |
| Proxy Voting: | |
| 10. Name of the proxy holder: | N/A |
| 11. Number of voting rights proxy holder will cease to hold: | N/A |
| 12. Date on which proxy holder will cease to hold voting rights: | N/A |
| 13. Additional information: | N/A |
| 14. Contact name: | N/A |
| 15. Contact telephone number: | N/A |
| ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARES | |
| A. Identity of the Person or legal entity subject to the notification obligation | |
| Full name (including legal form for legal entities) | Rensburg Sheppards Investment Management Limited |
| Contact Address: (registered office for legal entities): | Quayside House Canal Wharf Leeds LS11 5PU |
| Phone Number: | 0113 236 4171 |
| Other useful information (at least legal representative for legal person) | Mike Rigby (Head of Compliance) |
| B. Identity of the notifer, if applicable | |
| Full name | Philip Martin Beardwell |
| Contact Address | 2 Gresham Street London EC2V 7QN |
| Phone Number | 020 7597 1356 |
| Other useful information (e.g functional relationship with the person of legal entity subject to the notification obligation) | Senior Compliance Officer |
| C. Additional Information |
| This disclosure is made by Rensburg Sheppard Investment Management Limited based on Nominee holdings in accordance with DTR 5.2.1(F) |