BK59 Westpac 'a'2028

    Westpac Securities Administration

RE: WESTPAC SECURITIES ADMINISTRATION LIMITED
    USD 883,900,000.00
    MATURING: 19-May-2030
    ISSUE DATE: 13-May-1999
    ISIN: US96121RAC60

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19-Nov-2004 TO 22-Feb-2005 HAS BEEN FIXED AT 2.530000 PCT

DAY BASIS 95/360

INTEREST PAYABLE VALUE 22-Feb-2005 WILL AMOUNT TO:
USD 83.21 PER USD 12,463.47 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881

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