ST BARBARA LIMITED — Capital/Financing Update 2010

Jul 6, 2010

St Barbara Limited ACN 009 165 066

Level 14, 90 Collins Street, Melbourne VIC 3000 Locked Bag 9, Collins Street East, Melbourne VIC 8003 Tel +61 3 8660 1900 Fax +61 3 8660 1999

www.stbarbara.com.au

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Redemption of all Outstanding Convertible Notes Successfully Completed

Convertible Notes with a total face value of $1.2 million have been redeemed as a consequence of the compulsory redemption process announced on 4 June 2010.

This now completes the redemption and buy-back of all convertible notes.

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Tim Lehany Managing Director and CEO 7 July 2010

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