51LR Westpac B Frn29

    Westpactrust Securities NZ Ld

As Agent Bank, please be advised of the following rate determined on:22-Apr-2005

Issue               : Westpac Trust Securities NZ Limited - Series 462
                      NZD 150,000,000 FRN Due 22 Oct 2007
ISIN Number         : XS0203941702
Common Code/        : 20394170
144A ISIN           
Issue Nomin     NZD : 150,000,000.00
Period              : 22-Apr-2005 to 22-Jul-2005       Payment Date 22-Jul-2005
Number of Days      : 91
Rate                : 7.0625
Denomination     NZ : 250,000.00     150,000,000.
Amount Payable      : 4,401.97       2,641,181.51
per Denomination    

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

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