BK59 Westpac 'a'2028

    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
07-Sep-2004 TO 06-Dec-2004 HAS BEEN FIXED AT 1.980000 PCT

DAY BASIS 90/360

INTEREST PAYABLE VALUE 06-Dec-2004 WILL AMOUNT TO:
USD 167.70 PER USD 33,879.21 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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