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REG-Westpac Banking. FRN Variable Rate Fix

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

Fri Jun 26, 2009 11:06am EDT

LONDON--(Business Wire)--

 As Agent Bank, please be advised of the following rate determined on: 26/06/09                                                                           
 Issue                            | Westpac Banking Corporation Series 787 - USD 125,000,000 Garanteed FRN due 30 March 2012                             
                                                                                                                                                         
 ISIN Number                      | XS0420460783                                                                                                         
 ISIN Reference                   | 42046078                                                                                                             
 Issue Nomin USD                  | 125,000,000                                                                                                          
 Period                           | 30/06/09 to 30/09/09                                                   Payment Date 30/09/09                       
 Number of Days                   | 92                                                                                                                   
 Rate                             | 1.1275                                                                                                              
 Denomination USD                 | 100,000                   | 125,000,000                                                            |             
                                                                                                                                                        
 Amount Payable per Denomination  | 288.14                    | 360,173.61                                                             |             
                                                                                                                                                        
 Bank of New York                                                                                                                                       
 Rate Fix Desk                                                 Telephone                                  | 44 1202 689580                            
 Corporate Trust Services                                       Facsimile                                  | 44 1202 689601                            


Westpac Banking. 

Copyright Business Wire 2009

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