Westpac Securities Administration

RE: WESTPAC SECURITIES ADMIN LIMITED
    USD 1,116,000,000.00
    MATURING: 05/Jun/2033
    ISSUE DATE: 14/Mar/2002
    ISIN: DTC96121RAD4

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
06/Mar/2006 TO 05/Jun/2006 HAS BEEN FIXED AT 5.000000 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 05/Jun/2006 WILL AMOUNT TO
USD 260.13 PER USD 20,581.98 DENOMINATION.
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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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