51LR Westpac B Frn29

    Westpactrust Securities NZ Ld

As Agent Bank, please be advised of the following rate determined on: 
28-Nov-2005

Issue               : Westpac Trust Securities NZ Ltd - Series 471 
                      NZD 7,500,000.00  FRN Due 26 Nov 2007
ISIN Number         : XS0206079989
Common Code/        : 20607998
144A ISIN
Issue Nomin     NZD : 7,500,000.00
Period              : 28-Nov-2005 to 27-Feb-2006   Payment Date 27-Feb-2006
Number of Days      : 91
Rate                : 7.63                         
Denomination NZD    : 1,902.27                    142,670.55                    

Amount Payable 
per Denomination    : 7,500,000.00                                    

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438

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