RNS Number:1298Z
Suncorp-Metway Limited
25 July 2002


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

Issue             :  Suncorp-Metway Limited - Series 1
                     US$350,000,000 (MTN) FRN Due 28/10/2002
ISIN Number       :  XS0081372855
Issue Nominal USD :  350,000,000.00
Period            :  29-Jul-2002  To  28-Oct-2002    Payment Date  28-Oct-2002 
Number of Days    :  91
Rate              :  1.9775
Denomination US   :  350,000,000.00
Amount Payable
Per Denomination  :  1,749,538.19

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


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