Babcock & Brown Communities Home

Distributions

Amount            TBA
Ex-Date            TBA
Record Date     TBA
Payment Date   TBA
Distribution Reinvestment Plan Record Date - TBA

Annual General Meeting - 12 December 2008

Dates are indicative only and subject to change.

Distribution Policy


Distributions to Securityholders are expected to be payable half-yearly in arrears in March and September for the preceding six month periods ending 31 December and 30 June.

Unless otherwise determined by the Responsible Entity, BBCT will distribute all of its taxable income and capital receipts in respect of each six month period.

BBC has activated its Distribution Reinvestment Plan, which allows Securityholders to reinvest their distributions in BBC. The DRP rules are available on this website in the Publications section.

The Company Directors and the RE Directors may in their absolute discretion from time to time suspend the operation of the DRP including (but not limited to) when in the opinion of those directors the continued operation of the DRP is impractical or may be prejudicial to the Company or Trust or to the Securityholders participating in the DRP or to the Securityholders not participating in the DRP.

Notice of any suspension and of the recommencment or termination of the DRP following a suspension will be given to the Securityholders as soon as practicable after directors have so resolved.

The Boards may, in their absolute discretion, at any time terminate the DRP.

Notice of termination will be given to the Securityholders as soon as practical after Directors have so resolved.

Investors should note that the Responsible Entity does not guarantee that the forecast level of distributions will be achieved.

Distribution History

Amount

Period

Payment Date

Taxable Components

$0.021

6 months to 30 June 2008

25 September 2008

100% tax deferred

$0.042

Allotment date to 31 December 2007

18 March 2008

100% tax deferred