Westpac Securities NZ Limited



As Agent Bank, please be advised of the following rate determined on: 11-Apr-2008
Issue              � Westpac Securities NZ Limited - Series 005
                     GBP 115,000,000.00 FRN Due 11 Oct 2012
ISIN Number        � XS0325335825
Common Code / 144A � 32533582
 ISIN
Issue Nomin GBP    � 115,000,000.00
Period             � 11-Apr-2008 to 11-Jul-2008            Payment Date 11-Jul-2008
Number of Days     � 91
Rate               � 6.0775
Denomination GBP   � 100,000.00            � 115,000,000.00       �

Amount Payable per � 1,511.07              � 1,737,733.27         �
 Denomination

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