Westpac Securities NZ Limited


As Agent Bank, please be advised of the following rate determined on: 11-Jan-2008
Issue               : Westpac Securities NZ Limited - Series 005
                      GBP 115,000,000 FRN due 11 Oct 2012
ISIN Number         : XS0325335825
Common Code /       : 32533582
144A ISIN
Issue Nomin     GBP : 115,000,000.00
Period              : 11-Jan-2008 to 11-Apr-2008  Payment Date 11-Apr-2008
Number of Days      : 91
Rate                : 5.83125
Denomination    GB  : 100,000.00     115,000,000.
Amount Payable
per Denomination    : 1,449.85       1,667,323.26


Bank of New York
Rate Fix Desk                     Telephone   44 1202 689580
Corporate Trust Services      Facsimile   44 1202 389601
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