REG-Westpac Banking Corporation FRN Variable Rate Fix

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

Tue May 20, 2008 5:18am EDT 

LONDON--(Business Wire)--


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As Agent Bank, please be advised of the following rate determined on: 15-May-2008
Issue              ¦ Westpac Banking Corporation - Series 494
                     USD 150,000,000.00 Subordinated Callable FRN Due 31 Jan 2015
ISIN Number        ¦ XS0212863038
Common Code / 144A ¦ 21286303
 ISIN
Issue Nomin USD    ¦ 150,000,000.00
Period             ¦ 19-May-2008 to 18-Aug-2008            Payment Date 18-Aug-2008
Number of Days     ¦ 91
Rate               ¦ 2.98375
Denomination USD   ¦ 100,000.00            ¦ 150,000,000.00

Amount Payable per ¦ 754.23                ¦ 1,131,338.54
 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

Copyright Business Wire 2008
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