RNS No 3534f
BANK OF WESTERN AUSTRALIA LTD
12th May 1998

BANK OF WESTERN AUSTRALIA
PROGRAMME FOR THE ISSUANCE OF DEBT INSTRUMENTS.
ISSUE OF
USD150,000,000 SERIES 3102 DUE NOVEMBER 2001
XS0070773352

PLEASE BE ADVISED THAT WE HAVE TODAY SET THE RATE
ON THE ABOVE MENTIONED ISSUE AT 5.75391 PCT PER
ANNUM FOR THE PERIOD FROM 14MAY98 TO 14AUG98
INTEREST PAYABLE VALUE 14AUG98 WILL AMOUNT TO
USD14.70 PER USD1,000 NOTE.

CHRISTINE MIRANDA
GLOBAL TRUST AND AGENCY SERVICES
0171 325 8818


END

RC AUUBKWRKVAAR
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