ST BARBARA LIMITED — Capital/Financing Update 2013

Apr 18, 2013

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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Sale of Southern Cross Operations Completed

The Company has completed the sale of the Southern Cross Operations to Hanking Gold Mining Pty Ltd, a subsidiary of China Hanking Holdings Limited.

Southern Cross Operations ceased mining and processing operations during the December 2012 quarter, and had subsequently been placed onto care and maintenance.

Final consideration for the sale is $18 million cash as well as the assumption by the Purchaser of rehabilitation obligations applying to the tenements being sold.

The final consideration is lower than the sale price of $22.5 million originally announced on 9 January 2013, due to the renegotiation of certain third party interests, a third party exercising its pre-emptive right to acquire specific Southern Cross assets and normal settlement adjustments associated with a transaction of this nature.

Full consideration for the sale has been received in cash.

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Tim Lehany Managing Director and CEO 19 April 2013