BANK OF QUEENSLAND LTD

RE: BANK OF QUEENSLAND LIMITED
    USD 250,000,000.00
    MATURING: 20-Feb-2007
    ISSUE DATE: 19-Feb-2004
    ISIN: XS0186703483

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-May-2004 TO 20-Aug-2004 HAS BEEN FIXED AT 1635000 PCT

INTEREST PAYABLE VALUE 20-Aug-2004 WILL AMOUNT TO:
USD 208.92 PER USD 50,000.00 DENOMINATION
USD 417.83 PER USD 100,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881
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