Babcock&Brown Public Ptnrships Ltd
23 April 2008


TR-1:   NOTIFICATION OF MAJOR INTERESTS IN SHARES 

1. Identity of the issuer or the underlying issuer of existing    Babcock & Brown Public Partnerships Ltd
shares to which voting rights are attached:

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights                                             Yes

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              Legal & General Group Plc (Group)
obligation:
                                                                 Legal & General Investment Management
                                                                            Limited (LGIM)

                                                                    Legal & General Group Plc (L&G)

4. Full name of shareholder(s) (if different from 3.):            Legal & General Assurance (Pensions
                                                                       Management) Limited (PMC)

5. Date of the transaction (and date on which the threshold is               22 April 2008
crossed or reached if different):

6. Date on which issuer notified:                                            23 April 2008

7. Threshold(s) that is/are crossed or reached:                            Above 5% (Group)

                                                                            Above 5% (LGIM)

                                                                            Above 3% (L&G)


8. Notified details:


A: Voting rights attached to shares
Class/type of  Situation previous to  Resulting situation after the triggering transaction
shares         the Triggering
               transaction
 if possible   Number of   Number of  Number of     Number of voting rights   % of voting rights
using the ISIN Shares      Voting     shares
CODE                       Rights                   Direct       Indirect     Direct       Indirect

ORD            Below 3% (L&G)         12,500,000    12,500,000                14.93

GBP0.0001      Below 5% (LGIM)


B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)
Number of voting rights                            % of voting rights

                    12,500,000                                             14.93

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable:

Legal & General Group Plc (Direct and Indirect) (Group) (12,500,000 -14.93%
= Total Position)

Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct
and Indirect)  (12,500,000 -14.93% = Total Position)

Legal & General Investment Management Limited (Indirect) (LGIM) (12,500,000
-14.93% = Total Position)

                   Legal & General Group Plc (Direct) (L&G) (12,500,000 - 14.93% = LGAS, LGPL & PMC)

Legal & General Investment Management (Holdings) Limited       Legal & General Insurance Holdings Limited (Direct)
(Direct) (LGIMHD) (11,500,000 -13.74 % = PMC)                  (LGIH)

Legal & General Assurance (Pensions Management) Limited  (PMC) Legal & General Assurance Society Limited  (LGAS & LGPL)
(11,500,000 -13.74 % = PMC)
                                                               Legal & General Pensions Limited (Direct)  (LGPL)


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:          Notification using the total voting rights figure of  83,685,759

                                                                    First Disclosure

14. Contact name:                                                   Helen Lewis (LGIM)

15. Contact telephone number:                                         020 3124 3851






                      This information is provided by RNS
            The company news service from the London Stock Exchange

• News Channel