BANK OF QUEENSLAND LTD

RE: Bank of Queensland Limited
    USD 250,000,000.00
    MATURING: 17/Jun/2008
    ISSUE DATE: 17/Jun/2005
    ISIN: XS0222124868

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19/Dec/2005 TO 17/Mar/2006 HAS BEEN FIXED AT 4.721880 PCT.

DAY BASIS 88/360

INTEREST PAYABLE VALUE 17/Mar/2006 WILL AMOUNT TO
USD 1,154.24 PER USD 100,000.00 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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