Westpactrust Securities NZ Ld

As Agent Bank, please be advised of the following rate determined on:28-Feb-2005

Issue               : Westpac Trust Securities NZ Limited - Series 471
                      NZD 7,500,000 FRN due 28 Nov 2007
ISIN Number         : XS0206079989
Common Code/        : 20607998
144A ISIN           
Issue Nomin     NZD : 7,500,000.00
Period              : 28-Feb-2005 to 26-May-2005       Payment Date 26-May-2005
Number of Days      : 87
Rate                : 6.8175
Denomination     NZ : 100,000.00     7,500,000.00
Amount Payable      : 1,624.99       121,874.49
per Denomination    

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

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