REG-Westpac Banking Corporation FRN Variable Rate Fix

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

Thu Oct 23, 2008 1:07pm EDT 

LONDON--(Business Wire)--


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As Agent Bank, please be advised of the following rate determined on: 23-Oct-2008
Issue              ¦ Westpac Banking Corporation - Series 647
                     USD 250,000,000.00 Callable FRN Due 27-Jul-2017
ISIN Number        ¦ XS0313165374
Common Code / 144A ¦ 31346537
 ISIN
Issue Nomin USD    ¦ 250,000,000.00
Period             ¦ 27-Oct-2008 to 27-Jan-2009            Payment Date 27-Jan-2009
Number of Days     ¦ 92
Rate               ¦ 3.765
Denomination USD   ¦ 100,000.00            ¦ 250,000,000.00       ¦

Amount Payable per ¦ 962.17                ¦ 2,405,416.67         ¦
 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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