Westpactrust Securities NZ Ld

As Agent Bank, please be advised of the following rate determined on:05-Feb-2004

Issue               : Westpac Trust Securities NZ Ltd - Series 362
                      EUR 100,000,000 FRN due 8 August 2006 
ISIN Number         : XS0173503581
Issue Nomin     EUR : 100,000,000.00 
Period              : 09-Feb-2004 to 09-Aug-2004      Payment Date 09-Aug-2004
Number of Days      : 182
Rate                : 2.136
Denomination    EU  : 1,000,000.00

Amount Payable 
per Denomination    : 10,798.67

Institutional       Telephone   44(0) 1202 34 1286

Trust Services      Facsimile   44(0) 1202 34 7438

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