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Westpac FIRsTS

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Westpac FIRsTS were redeemed in full on 31 December, 2007.

They were units in the Westpac First Trust. The name FIRsTS stands for Fixed Interest Resettable Trust Securities. It refers to some features of the underlying investments of the Trust. The Westpac First Trust is a registered managed investment scheme established by the Issuer to issue Westpac FIRsTS. The Issuer of Westpac FIRsTS was Westpac Funds Management Limited, the responsible entity of the Westpac First Trust. Westpac Funds Management Limited is a wholly owned subsidiary of Westpac.

Westpac FIRsTS were allotted on 19 December 2002 and commenced trading on the Australian Securities Exchange ('ASX') on 24 December 2002 under the code "WBKPA".

On 23 November 2007 Westpac announced its decision to exercise its right to exchange all Westpac FIRsTS for cash on 31 December 2007 (the First Rollover Date) by issuing a Westpac Exchange Notice.

A Reset Notice was previously sent to holders of the Westpac FIRsTS (dated 16 October 2007). The Westpac Exchange Notice prevails over any Holder Exchange Notices received by Westpac following the issue of the Reset Notice.

Westpac FIRsTS ceased trading on the Australian Securities Exchange (ASX) on 18 December 2007 and were redeemed in full on 31 December, 2007.

Holders of FIRsTS (listed on the ASX as "WBKPA", issuer Westpac Funds Management Limited) can obtain historic holder information by contacting:

Link Market Services Limited
Address Level 12, 680 George Street
Sydney, NSW 2000 Australia
Postal address Locked Bag A14
Sydney South NSW 1232
Telephone 1300 888 736 (Australia)
Monday to Friday, 8.30am to 5.30pm (AEST/AEDT)
or 0800 111 149 (New Zealand)
Monday to Friday, 10.30am to 7.30pm (NZ local time)
Fax (+612) 9287 0303
Email registrars@linkmarketservices.com.au

Westpac First Trust - Annual financial reports:

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