Westpactrust Securities NZ Ld

As Agent Bank, please be advised of the following rate determined on: 
24-Jan-2006

Issue               : Westpac Trust Securities NZ Ltd - 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              : 24-Jan-2006 to 24-Apr-2006   Payment Date 24-Apr-2006
Number of Days      : 90
Rate                : 7.65                       
Denomination NZD    : 250,000.00                150,000,000                  

Amount Payable 
per Denomination    : 4,715.75                  2,829,452.05     

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438
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