Last checked at 
3 Oct 2008 11:00
Babcock & Brown Public Partnerships Limited
(Incorporated in Guernsey with registered number 45241)
Portfolio Update
In accordance with Listing Rule 15.6.8R, Babcock & Brown Public Partnerships Limited (the 'Company') announces the following:
1. As 30 September 2008, the Company had no investments in listed closed-ended investment funds which themselves do not have stated investment policies to invest no more than 15% of their total assets in other listed closed-ended investment funds.
2. Its 10 largest investments, including all holdings with a value greater than 5% of the Company's total assets as at 30 September 2008 are as follows:
Royal Children's Hospital, Victoria, Australia
Hereford & Worcester Magistrates Courts
Northamptonshire Schools
Diabolo Project
Strathclyde Police Training Centre
Angel Trains
BeNEX
Tower Hamlets Schools
Alberta Schools
Orange Hospital Project, NSW, Australia
For further information, please contact:
Babcock & Brown Investment Management Limited: +44 (0)20 7203 7300
Investors Bianca Francis
Media Anthony Kennaway
Heritage International Fund
Managers Limited, Secretary: +44 (0)1481 716000
Laurence McNairn