RNS Number:9761C
Westpactrust Securities NZ Ld
25 October 2002


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

Issue             :  WESTPAC TRUST SECURITIES NZ LIMITED
                     USD 300,000,000 GUARANTEED FRN DUE 29 JAN 2004
ISIN Number       :  XS0123291139
Issue Nominal USD :  300,000,000.00
Period            :  29-OCT-2002  To  29-JAN-2003    Payment Date  29-JAN-2003 
Number of Days    :  92
Rate              :  1.92
Denomination USD  :  500,000.00 
Amount Payable
Per Denomination  :  2,453.33

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

                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
RC UVSSRUARRUAA

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