RNS Number:7094C
Westpactrust Securities NZ Ld
26 April 2001



To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
26-Apr-2001.

Issue             :  WESTPAC TRUST SECURITIES NZ LIMITED
                     USD300,000,000 GUARANTEED FRN DUE 29 JAN 2004
                     
ISIN NO           :  XS0123291139
Issue Nominal USD :  300,000,000.00
Period            :  30-APR-2001  To  30-JUL-2001    Payment Date  30-JUL-2001
Number of Days    :  91
Rate              :  4.44
Denomination USD  :  500,000.00
Amount Payable
Per Denomination  :  5,611.67

From:
Steven Coutts                        Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7438



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