BW20030220002292  20030220T165141Z UTC


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

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--Feb. 20, 2003--

As Agent Bank, please be advised of the following rate determined on: 20-Feb-2003      

Issue               : WestpacTrust Securities NZ Ltd
                      US$250,000,000 (MTN) FRN due 23/5/2003
ISIN Number         : XS0111581020
Issue Nomin     USD : 250,000,000.00
Period              : 24-Feb-2003 to 23-May-2003  Payment Date 23-May-2003
Number of Days      : 88
Rate                : 1.39
Denomination    US  : 500,000.00

Amount Payable      : 1,698.89
per Denomination    

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

   Short Name: Westpac Banking.
   Category Code: RC
   Sequence Number: 00002165
   Time of Receipt (offset from UTC): 20030220T161554+0000

    --30--mh/uk*

    CONTACT: Westpactrust Securities NZ Ld 

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

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