BK59 Westpac 'a'2028

Westpac Securities Administration

RE: WESTPAC SECURITIES ADMINISTRATION LIMITED
    USD 883,900,000.00
    MATURING: 19-May-2030
    ISSUE DATE: 13-May-1999
    ISIN: US96121RAC60

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19-Feb-2004TO 19-May-2004 HAS BEEN FIXED AT 1.320000 PCT.

INTEREST PAYABLE VALUE 19-May-2004 WILL AMOUNT TO
USD 53.31 PER USD 16,153.13 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.

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