RNS Number:1368Z
Westpactrust Securities NZ Ld
25 July 2002



As Agent Bank, please be advised of the following rate determined on: 
25-JUL-2002.

Issue             :  WESTPAC TRUST SECURITIES NZ LIMITED
                     USD300,000,000 GUARANTEED FRN DUE 29 JAN 2004
ISIN Number       :  XS0123291139
Issue Nominal USD :  300,000,000.00
Period            :  29-JUL-2002  To  29-OCT-2002    Payment Date  29-OCT-2002 
Number of Days    :  92
Rate              :  1.9275
Denomination USD  :  500,000.00
Amount Payable
Per Denomination  :  2,462.92

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




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