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ST BARBARA LIMITED Capital/Financing Update 2007

Dec 6, 2007

65749_rns_2007-12-06_c258bb0f-c53c-452f-a52b-74c57ebc7ba9.pdf

Capital/Financing Update

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ASX Shareholders Report

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St Barbara

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Share Purchase Plan Raises $22.5 million

The Share Purchase Plan has been strongly supported, with eligible applications received from 4,672 shareholders, representing 52% of the share register on the record date, raising $22,461,000.

In combination with the recent institutional equity placement, the Company has raised $98.4 million, before costs, in the last six weeks.

The issue price for the Share Purchase Plan shares will be $0.63 per share, which is the same price as the institutional placement conducted in late October 2007.

The shares will be allotted on 10 December 2007, and are able to be traded from Tuesday 11 December 2007.

Eduard Eshuys Managing Director and CEO

7 December 2007

St Barbara Limited ACN 009 165 066 Level 21, 90 Collins Street, Melbourne Vic 3000 Telephone +61 3 8660 1900 Facsimile +61 3 8660 1999 Email [email protected] Website www.stbarbara.com.au

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