ST BARBARA LIMITED — Capital/Financing Update 2008

Jun 9, 2008

St Barbara Limited

ABN 36 009 165 066

==> picture [104 x 99] intentionally omitted <==

10 June 2008

Mr James Gerraty and Mr Darren Collins Manager and Senior Adviser Australian Stock Exchange Limited Level 45, South Tower, Rialto 525 Collins Street Melbourne VIC 3000

Dear Mr Gerraty and Mr Collins

St Barbara Limited – Request for 2 + 2 Trading Halt

St Barbara Limited (St Barbara) requests “back to back” trading halts for a total of four (4) trading days pursuant to Listing Rule 17.1 to be implemented immediately and announced through CAP this morning. For the purposes of Listing Rule 17.1, St Barbara provides the following information:

• a) As foreshadowed in St Barbara’s application to ASX for waivers on 2 June 2008, St Barbara is proposing to undertake a capital raising via an accelerated entitlement offer. An announcement is expected to be made today in this regard. The trading halts are required as St Barbara will be making this announcement to the Exchange.

• b) St Barbara requests that the trading halts continue until the opening of trading on Monday 16 June 2008 unless St Barbara requests that the trading halts be lifted before that time.

• c) St Barbara is not aware of any reason why the trading halts should not be granted.

If you have any questions, please feel free to contact me on 03 8660 1903.

Yours faithfully

==> picture [109 x 45] intentionally omitted <==

Ross Kennedy Company Secretary

LEVEL 21, 90 COLLINS STREET, MELBOURNE VIC 3000 LOCKED BAG 9, COLLINS STREET EAST VIC 8003 TELEPHONE + 61 3 8660 1900 FACSIMILE + 61 3 8660 1999

Ref: G:\Corporate\Company Secretarial\Equity raising\May 2008 - Project Barden\ASX releases\Trading halt request_10 june.doc