Westpactrust Securities NZ Ld

As Agent Bank, please be advised of the following rate determined on:04-Feb-2005

Issue               : Westpac Trust Securities NZ Limited - Series 362
                      EUR 100,000,000 FRN due 8 August 2006
ISIN Number         : XS0173503581
Common Code/
144A ISIN           : 17350358
Issue Nomin     EUR : 100,000,000.00
Period              : 08-Feb-2005 to 08-Aug-2005       Payment Date 08-Aug-2005
Number of Days      : 181
Rate                : 2.22
Denomination    EU  : 1,000,000.00   
Amount Payable 
per Denomination    : 11,161.67     

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267

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