BW20030821002041  20030821T152938Z UTC


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

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--Aug. 21, 2003--

As Agent Bank, please be advised of the following rate determined on: 21-Aug-2003

Issue               : Westpac Trust Securities NZ Ltd
                      US$250,000,000 (MTN) FRN due 23/05/05
ISIN Number         : XS0111581459
Issue Nomin     USD : 250,000,000.00
Period              : 26-Aug-2003 to 24-Nov-2003    Payment Date 24-Nov-2003
Number of Days      : 90
Rate                : 1.23
Denomination   US   : 500,000.00

Amount Payable 
per Denomination    : 1,537.50

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

   Short Name: Westpactrust Secs NZ
   Category Code: RC
   Sequence Number: 00008760
   Time of Receipt (offset from UTC): 20030821T154436+0100

    --30--RB/uk*

    CONTACT: Westpactrust Securities NZ Ld
 

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