BW20030507000089  20030507T172747Z UTC


( BW)(WESTPACTRUST-SECS-NZ)(51LR) FRN Variable Rate Fix

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--May 7, 2003--

As Agent Bank, please be advised of the following rate determined on: 07-MAY-2003

Issue               : WESTPAC TRUST SECURITIES NZ LIMITED - SERIES 306
                      NZD 158,000,000 FRN DUE 7 NOV 2007
ISIN Number         : XS0157551994
Issue Nomin     NZD : 158,000,000.00
Period              : 07-MAY-2003 to 07-AUG-2003    Payment Date 07-AUG-2003
Number of Days      : 92
Rate                : 5.6
Denomination    NZ  : 500,000.00

Amount Payable 
per Denomination    : 7,057.53

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

   Short Name: Westpactrust Secs NZ
   Category Code: RC
   Sequence Number: 00004609
   Time of Receipt (offset from UTC): 20030507T182401+0100

    --30--ra/uk*

    CONTACT: Westpactrust Securities NZ Ld
 
    KEYWORD: NEW ZEALAND INTERNATIONAL ASIA PACIFIC
    INDUSTRY KEYWORD: BANKING
    SOURCE: Westpactrust Secs NZ

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