Lead Manager

SECTION 9
DEFINITIONS AND GLOSSARY
Term
Offer Proceeds
Definition
$550 million raised in the Offer
Options The options described in Section 8.10
Phantom Plan The Babcock & Brown Phantom Plan as described in Section 8.3.1
PFI
Private finance initiative
PIT Prime Infrastructure Trust ARSN 100 375 479
PPP
Prime Infrastructure
Group
Public-Private partnerships
The group comprising Prime Infrastructure and PIT, which group’s stapled
securities trade on the ASX
Prime Infrastructure Prime Infrastructure Management Limited ABN 61 100 364 234
PrimeLife PrimeLife Corporation Limited ABN 16 010 622 901
Principal Investment
(Net Revenue)
Prospectus
Net Revenue from activities associated with investment of Babcock & Brown
capital (both debt and equity) or asset trading, excluding those classified as
Investment Management
This prospectus and any supplementary or replacement prospectus in relation to
this prospectus
Prospectus Date 9 September 2004
Restated Financial The financial information prepared as described in Section 5.2
Information
Restructure The restructuring of the Babcock & Brown Group as described in Section 8.3
Settlement Has the meaning given to it in Section 2.12
Share Registry or ASX Perpetual Registrars Limited ABN 54 083 214 537
Share Registrar
Share(s)
Shareholder
SRN
A fully paid ordinary Share(s) in Babcock & Brown Limited
A person who holds Shares
Security Reference Number
TAHL Tourism Asset Holdings Limited ABN 25 060 896 568
Total Annual
Remuneration
UBS
US GAAP
Total fixed remuneration plus total annual bonus pool, including the present value
of Bonus Deferral Rights
UBS AG, Australia Branch
Generally accepted accounting principles in the United States
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