Class A membership interest in Babcock & Brown Rail North America LLC
BBGIL has a 41.5% Class A membership interest in Babcock & Brown Rail North America LLC (BBRNA), a US limited liability company which is managed by Babcock & Brown Rail Investment Management LLC, a wholly-owned subsidiary within the Babcock & Brown Group. BBRNA is the owner and lessor of freight car rollingstock which are leased for use in the North American markets. It was established to aggregate a number of North American railcar investments managed or owned by the Babcock & Brown Group.