BK59 Westpac 'a'2028

    Westpac Securities Administration

RE: WESTPAC SECURITIES ADMIN LIMITED
    USD 1,116,000,000.00
    MATURING: 05/Jun/2033
    ISSUE DATE: 14/Mar/2002
    ISIN: DTC96121RAD4

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
07/Mar/2005 TO 06/Jun/2005 HAS BEEN FIXED AT 3.110000 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 06/Jun/2005 WILL AMOUNT TO:
USD 225.51 PER USD 28,686.27 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881.

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