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Here you go..........

ASX Release
8 May 2008
INCREASE IN COMMITTED CAPITAL FOR INVESTMENT IN NORTH
AMERICAN INFRASTRUCTURE OPPORTUNITIES
International investment and specialised fund and asset management group
Babcock & Brown (ASX: BNB) today announced that it has raised an additional
US$450 million of committed capital for infrastructure investment opportunities
in the North American markets. This increases the capital raised for investment
in North American infrastructure projects to approximately US$1.85 billion
(A$1.95 billion).
Babcock & Brown has already successfully invested a portion of the capital
raised in the acquisition of an interest in the Natural Gas Pipeline Company of
America (“NGPL”) and the acquisition of an interest in the ICS ports which
closed in December 2007.
Phil Green, CEO of Babcock & Brown said, “The increase in capital
commitments demonstrates the ongoing support for our specialised fund and
asset management platform by global investors who recognise Babcock &
Brown’s strong global track record in originating and managing infrastructure
assets.
“We continue to see attractive investment opportunities in the infrastructure
sector, our demonstrated ability to execute on these opportunities, despite the
constrained capital market environment, places us in a strong position to
continue to expand our specialised funds management platform.”
ENDS
For further information please contact:
Kelly Hibbins
Babcock & Brown
+61 2 92291866
[email protected]