As Agent Bank, please be advised of the following rate determined            on: 17-Dec-2008
 Issue                             � Westpac Banking Corporation - Series 755
                                   USD 10,000,000.00 Callable Accrural FRN Due 25-Sep-2018
 ISIN Number                       � XS0388759655
 Common Code / 144A ISIN           � 38875965
 Issue Nomin USD                   � 10,000,000.00
 Period                            � 25-Sep-2008 to 25-Dec-2008              Payment Date 25-Dec-2008
 Number of Days                    � 90
 Rate                              � 7
 Denomination USD                  � 100,000.00            � 10,000,000.00                      �
                                                                                                     
 Amount Payable per Denomination   � 1,750.00              � 175,000.00                         �
                                                                                                     
 Bank of New York
 Rate Fix Desk                                             Telephone         � 44 1202 689580
 Corporate Trust Services                                  Facsimile         � 44 1202 689601
    
    


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