Dear Ms Kielich, Babcock & Brown – Request for Trading Halt Pursuant to Listing Rule 17.1, Babcock & Brown Limited (“the Company”) requests an immediate trading halt in respect of its shares (ASX: BNB). The reason for the trading halt is that the Group’s banking syndicate has indicated that it will be providing later today a partial response to the proposal put to the syndicate as referred to in our letter to the Australian Securities Exchange of 6 January 2009. It is expected that the trading halt will end upon the syndicate providing a complete response which we expect to occur before the opening of the market on Monday 12 January 2009. We request the trading halt from the commencement of trading this morning, 8 January until the earlier of receipt of a complete response from the syndicate or Monday morning, 12 January. The Company is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.
BNB Price at posting:
32.5¢ Sentiment: Hold Disclosure: Not Held
