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ST BARBARA LIMITED Capital/Financing Update 2003

Mar 30, 2003

65749_rns_2003-03-30_991b242c-849a-4c80-9001-a6a443504b68.pdf

Capital/Financing Update

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ST BARBARA MINES LIMITED

ACN 009 165 066

ASX SHAREHOLDERS REPORT

Enquiries regarding this report may be directed to: Stephen W. Miller Executive Chairman Telephone (08) 9476 5555 Overseas +61 8 9476 5555 or Colin G. Jackson Investor Relations Telephone 0417 929 107

St Barbara Mines Limited Level 2, 16 Ord Street West Perth Western Australia 6005 Telephone (08) 9476 5555 Overseas +61 8 9476 5555

Dollar values in this report are Australian Dollars unless otherwise stated.

Cancellation of Employee Options

St Barbara Mines Limited announces that a total of 1,225,000 unlisted employee options have been cancelled.

As at 31 March 2003, the Company has the following unlisted options on issue:

Number	Expiry Date	Exercise Price
		\$
5,000,000	23/12/2004	0.25
5,000,000	23/12/2004	0.35
5,000,000	23/12/2004	0.45
10,500,000	31/12/2004	0.40
157,938	07/02/2005	0.2125
373,893	05/03/2005	0.2125
449,638	02/04/2005	0.2125
6,000,000	26/04/2007	0.35
470,589	20/05/2005	0.2125
36,118	20/05/2005	0.2086
499,597	03/06/2005	0.2125
50,894	03/06/2005	0.2086
88.680	03/06/2005	0.2124
483,482	15/07/2005	0.2125
49,252	15/07/2005	0.2086
241.856	15/07/2005	0.2124
499,597	13/08/2005	0.2125
50,894	13/08/2005	0.2086
249,917	13/08/2005	0.2124
499,597	13/09/2005	0.2125
50,894	13/09/2005	0.2086
249,917	13/09/2005	0.2124
483,482	15/10/2005	0.2125
49,252	15/10/2005	0.2086
241,854	15/10/2005	0.2124
1,000,000	31/12/2005	0.11
1,482,677	07/07/2006	0.2125
151,040	07/07/2006	0.2086
741,686	07/07/2006	0.2124
3,177,890	07/07/2006	0.1138
1,575,000	17/01/2008	0.35