REG-Westpac Banking Corporation FRN Variable Rate Fix

* Reuters is not responsible for the content in this press release.

Tue May 20, 2008 5:02am EDT 

LONDON--(Business Wire)--


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As Agent Bank, please be advised of the following rate determined on: 14-May-2008
Issue              ¦ Westpac Banking Corporation - Series 385
                     CAD 300,000,000.00 FRN Due 14 Nov 2008
ISIN Number        ¦ XS0180424102
Common Code / 144A ¦ 18042410
 ISIN
Issue Nomin CAD    ¦ 300,000,000.00
Period             ¦ 14-May-2008 to 14-Aug-2008            Payment Date 14-Aug-2008
Number of Days     ¦ 92
Rate               ¦ 3.35429
Denomination CAD   ¦ 1,000.00

Amount Payable per ¦ 8.45
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       ¦ 44 1202 689580
Corporate Trust Services                   Facsimile       ¦ 44 1202 689601
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Westpac Banking Corporation

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