REG-St. George Bank Ld FRN Variable Rate Fix

LONDON--(Business Wire)--

14 July 2009

Issue: St George Bank Limited

107

XS0282032258

Pursuant to our appointment as Agent for the above stated issue, please be

advised of the following interest rate determination:

Date From: 13 July 2009

Date To: 13 October 2009

Value Date: 13 October 2009

Benchmark Rate: 3.1025%

Margin: 0.11%

Total Rate: 3.2125%

Number of Days: 92

Day Count: Actual / 365 (Fixed)

Interest Frequency: Quarterly

Total Amount Due:

NZD 1,133,616.44

Pool Factor: 1

St. George Bank Ld

Copyright Business Wire 2009