Westpac Securities Administration

RE: WESTPAC SECURITIES ADMINISTRATION
USD 350,500,000.00
MATURING: 15-Dec-2030
ISSUE DATE: 15-Jul-1999
ISIN: XS0099708199

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Mar-2005 TO 15-Jun-2005 HAS BEEN FIXED AT 3.260000 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 15-Jun-2005 WILL AMOUNT TO:
USD 77.54 PER USD 9,307.09 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881
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