SGX-ST/Media Release
3 December 2007

BBSFF DECLARES FINAL DIVIDEND OF 6.00 SINGAPORE CENTS PER SHARE

The Board of Directors of Babcock & Brown Structured Finance Fund Limited (“BBSFF” or “the Company”) has declared a final dividend of 6.00 Singapore cents per share for the half year ended 31 December 2007, consistent with the upgraded dividend guidance announced by the Company on 14 November 2007. This brings the total 2007 dividend to 10.7 Singapore cents per share (excluding the 0.53 Singapore cents per share declared for the period ending 30 June 2007 and referrable to the 2006 year).

The register of shareholders of BBSFF will be closed at 5.00 p.m. on 3 January 2008 for the purpose of determining shareholders’ entitlements to the Company’s final dividend.

Registrable transfers received by BBSFF's Singapore share transfer agent, Boardroom Corporate & Advisory Services Pte Ltd (formerly known as Lim Associates (Pte) Ltd) at 3 Church Street, #08-01 Samsung Hub, Singapore 049483 up to 5.00 p.m. on 3 January 2008 will be registered before entitlements to the final dividend are determined.

Shareholders whose securities accounts are with The Central Depository (Pte) Limited (“CDP”) and are credited with BBSFF shares at 5.00 p.m. on 3 January 2008 will be entitled to the final dividend that will be paid on 14 March 2008.
In respect of shares in securities accounts with CDP, the final dividend will be paid by BBSFF to CDP which will in turn distribute the final dividend entitlements to the CDP account holders in accordance with its normal practice.

As BBSFF is incorporated in Bermuda and is not a resident in Singapore for tax purposes, dividends paid by the Company will be regarded as foreign-sourced income.

Foreign-sourced dividends received by individuals in Singapore (whether resident or otherwise) are exempt from Singapore income tax unless these dividends are received via partnerships1.

Singapore does not currently impose withholding tax on dividends paid to non-Singapore tax resident Shareholders.

Important Dates and Times
Date / Deadline
Event
5.00 pm, Thursday, 3 January 2008
Closure of BBSFF’s Transfer Books and Register of shareholders
Friday, 14 March 2008
Payment of distribution
By order of the Board of Directors
Name: Richard Lees Umbrecht
Designation: Director
Date: 3 December 2007
ENDS
Further Information:
Stuart Gray
Babcock & Brown Securities (Singapore) Pte Ltd
[email protected]
+65 6309 4685