BANK OF QUEENSLAND LTD

RE: BANK OF QUEENSLAND
    USD 75,000,000.00
    MATURING: 25-Jly-2005
    ISSUE DATE: 25-Jly-2002
    ISIN: XS0152043542

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
27-Jan-2004 TO 27-Apr-2004 HAS BEEN FIXED AT 1.510000 PCT

INTEREST PAYABLE VALUE 27-Apr-2004 WILL AMOUNT TO:
USD 381.69 PER USD 100,000.00 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