51LR Westpac B Frn29

    Westpactrust Securities NZ Ld

As Agent Bank, please be advised of the following rate determined on:03-Feb-2006

Issue               : Westpac Trust securities NZ Limited - Series 556
                      USD 50,000,000 FRN Due 7 Feb 2008
ISIN Number         : XS0243154878
Common Code/        : 24315487
144A ISIN
Issue Nomin     USD : 50,000,000.00
Period              : 07-Feb-2006 to 08-May-2006   Payment Date 08-May-2006
Number of Days      : 90
Rate                : 4.65                       
Denomination    US  : 100,000.00                50,000,000.00                  

Amount Payable 
per Denomination    : 1,162.50                  581,250.00     

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

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