RNS Number:2375H
Westpactrust Securities NZ Ld
7 February 2003

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

Issue             :  WESTPAC TRUST SECURITIES NZ LIMITED - SERIES 306
                     NZD 158,000,000 FRN DUE 7 NOV 2007
ISIN Number       :  XS0157551994
Issue Nominal NZD :  158,000,000.00
Period            :  07-FEB-2003  To  07-MAY-2003    Payment Date  07-MAY-2003 
Number of Days    :  89
Rate              :  5.97
Denomination NZ   :  500,000.00
Amount Payable
Per Denomination  :  7,278.49

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

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RC UBAVROBRURAR