ST BARBARA LIMITED — Capital/Financing Update 2012

Dec 23, 2012

St Barbara Limited ACN 009 165 066

Level 10, 432 St Kilda Road, Melbourne VIC 3004 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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Finance facility increased

On 22 November 2012, the Company advised progress on improving the performance of its Pacific Operations, and recently released detailed guidance for 2H FY13.

The Company has reached agreement with its financiers to change its bank debt facilities to better align the quantum and amortisation profile of debt with the working capital and investment requirements of the Pacific Operations. The financing terms of the increased facility also provide greater flexibility.

Key changes include:

Facility Limit: The term facility increases from A$120 million to A$150 million and will be provided by Barclays Bank PLC and Deutsche Bank AG Sydney Branch.

National Australia Bank Limited continues to provide the A$25 million Performance Bond Facility.

Term: The term facility is for a term of up to four years.

Amortisation: The term facility providers may elect, subject to prevailing market conditions, for A$50 million to be repaid by 31 May 2013, or otherwise to be repaid by 24 December 2013. The remaining A$100 million term facility is repayable in instalments over the term of the loan.

Security: There is no change in the security for the new facility.

The extended facility will better facilitate the Company’s continuing investment in the Pacific Operations while maintaining strong cash levels.

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Tim Lehany Managing Director and CEO 24 December 2012