Westpac Banking.



As Agent Bank, please be advised of the following rate determined on:
05-Sep-2008
Issue              � Westpac Banking Corporation - Series 733
                     USD 50,000,000.00 Fixed/Accrural FRN Due 11-Jun-2018
ISIN Number        � XS0368042973
Common Code / 144A � 36804297
 ISIN
Issue Nomin USD    � 50,000,000.00
Period             � 11-Jun-2008 to 11-Sep-2008            Payment Date 11-Sep-2008
Number of Days     � 90
Rate               � 7.59
Denomination USD   � 100,000.00            �                      �

Amount Payable per � 1,897.50              �                      �
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601
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