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ST BARBARA LIMITED Capital/Financing Update 2011

Feb 28, 2011

65749_rns_2011-02-28_a70e84a1-bb0c-4344-8c9d-c2f58fca2bf9.pdf

Capital/Financing Update

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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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Completion of Unmarketable Parcel

Share Sale Facility

In accordance with the terms and conditions of the Unmarketable Parcel Share Sale Facility (the “Facility”) announced on 17 December 2010, the Company has sold on behalf of 521 Eligible Shareholders a total of 45,655 shares at sale price of $2.03 per share. This completes the Facility.

Proceeds from the sale of shares under the Facility are due to be paid to Eligible Shareholders by 8 March 2011. Transaction advices will be mailed to Eligible Shareholders at the same time.

Shareholders with queries regarding their shareholding should contact the St Barbara Share Registry on 1300 653 935 (within Australia) or on +61 3 9415 4356 (outside Australia).

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Ross Kennedy

Executive General Manager Corporate Services Company Secretary 1 March, 2011