ST BARBARA LIMITED — Capital/Financing Update 2010

Mar 11, 2010

ASX Announcement

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Buy-back of A$39.8 million Convertible Notes

The Company has entered into agreements with three separate Note holders to buy back Convertible Notes with a total face value of A$39.8 million.

On 1 March, A$1.75 million of Convertible Notes were bought back for 99.7% of face value and further transactions were completed this week for the buy-back of A$38.05 million of Convertible Notes at face value.

Accrued interest on the notes up to the date of completion of the buy-back was paid on these transactions.

The aggregate face value of Convertible Notes that will remain outstanding upon cancellation of the Notes bought back will be $21.95 million.

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Tim Lehany Managing Director and CEO 12 March 2009

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St Barbara Limited ACN 009 165 066 Level 14, 90 Collins Street, Melbourne Vic 3000

Telephone +61 3 8660 1900 Facsimile +61 3 8660 1999 Email @stbarbara.com.au Website .stbarbara.com.au