WestNet Rail

[TO COME]

[TO COME]

Visit WestNet Rail web site: www.wnr.com.au

TAV Airports

Turkey-based airport operator. TAV Airports (“TAV”) holds the concessions for Istanbul, Ankara , Izmir and Gazipasa airports in Turkey; Batumi and Tbilisi airports in Georgia; and Enfidha and Monastir airports in Tunisia.

Babcock & Brown holds a position on the TAV Board and intends to continue working closely with the firm. TAV Airports is expected to benefit from a continuing improvement of its current operations. In addition, is currently bidding for a number of profitable airport concessions in the Middle East, North Africa and Caucasus.

Visit TAV airports web site: www.tav.com.tr

Tarragona Port Services

[TO COME]

[TO COME]

Visit Tarragona Port Services web site: www.porttarragona.es

Brisa

Portuguese motorway and toll-road operator. In June 2007, the Babcock & Brown consortium, which included BBGP. acquired 60 million shares in Portuguese motorway company Brisa Auto-Estrada de Portugal (“Brisa”), equivalent to a 10.0% shareholding, from the José de Mello group for circa €591 million

Babcock & Brown holds a position on the Brisa Board and intends to continue working closely with the firm. Babcock & Brown is backing management’s expansion strategy. Brisa is actively pursuing new acquisitions and concessions in North America along other markets (Mexico, Latin America and Eastern Europe).

Visit Brisa web site: www.brisa.pt

Coogee Resources

Investment into an Australian upstream oil & gas business. Over the last six years, Coogee Resources has acquired an attractive portfolio of production, development and exploration oil and gas assets located within the Australian waters of the Timor Sea, off the north coast of Western Australia.

Babcock & Brown plans to back the company’s growth strategy. Its equity investment will provide management with the risk capital needed to expand its current production facilities and identify oil accumulations in the immediate vicinity to its existing facilities.

Visit Coogee Resources web site: www.coogeeresources.com.au

3B Biofuels

Bio-diesel plant located at the Elbe River in Northern Germany.

Babcock & Brown identified that 3B Biofuels plant enjoyed competitive advantages, but was suffering from poor management and an inadequate financial structure. Babcock & Brown’s turnaround strategy involves the appointment of a new management and a capital injection to perform all necessary investments. Babcock & Brown believes 3B Biofuels’s has three key competitive advantages: i) the company uses multi-feedstock technology, which limits its exposure to the price of any specific bio-diesel feedstock; ii) the plant is located near feedstock suppliers, which can supply 100% of its feedstock requirements with limited transportation costs; and iii) the plant is ideally located to access its target markets in Northern Europe.