Westpac Securities NZ Limited




As Agent Bank, please be advised of the following rate determined on: 11-Oct-2007

Issue               : Westpac Securities NZ Limited - Series 005
                      GBP 115,000,000.00  FRN Due 11 Oct 2012
ISIN Number         : XS0325335825
Common Code/        : 32533582
144A ISIN
Issue Nomin     GBP : 115,000,000.00
Period              : 11-Oct-2007 to 11-Jan-2008          Payment Date 11-Jan-2008
Number of Days      : 92
Rate                : 6.43
Denomination GBP    : 100,000.00                  115,000,000.00

Amount Payable
per Denomination    : 1,620.71                    1,863,819.18

Bank of New York
Rate Fix Desk                           Telephone 44 1202 689580
Institutional Trust Services           Facsimille 44 1202 689601



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