41MF Hsbc Bk. 23

    


Westpac Banking Corporation



As Agent Bank, please be advised of the following rate determined on:
18-Jan-2008
Issue              � Westpac Banking Corporation - Series 587
                     USD 300,000,000.00 FRN Due 20 Oct 2016
ISIN Number        � XS0272075705
Common Code / 144A � 27207570
 ISIN
Issue Nomin USD    � 300,000,000.00
Period             � 22-Jan-2008 to 21-Apr-2008            Payment Date 21-Apr-2008
Number of Days     � 90
Rate               � 4.10375
Denomination USD   � 100,000.00            � 300,000,000.00       �

Amount Payable per � 1,025.94              � 3,077,812.50         �
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601

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