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ST BARBARA LIMITED Capital/Financing Update 2010

Jun 3, 2010

65749_rns_2010-06-03_c807bfee-1008-4d15-b0ab-cc4894ce719b.pdf

Capital/Financing Update

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ASX Announcement

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Convertible Notes on Issue reduce to A$1.2 million following put option Redemptions

Convertible Notes with a total face value of $A20.75 million have been redeemed as a consequence of Noteholders’ exercising their put options with effect on 4 June, 2010.

The company has commenced a compulsory redemption process to acquire the remaining Convertible Notes with a face value of $A1.2 million.

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Tim Lehany Managing Director and CEO 4 June 2010

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----- Start of picture text ----- St Barbara LimitedACN 009 165 066Level 14, 90 Collins Street, Melbourne Vic3000Telephone +61 3 8660 1900Facsimile +61 3 8660 1999Email [email protected]Website www.stbarbara.com.au----- End of picture text -----