ST BARBARA LIMITED — Capital/Financing Update 2014

Feb 24, 2014

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Red Kite Gold Loan Restructured

The Red Kite gold prepayment facility has been restructured and optimised to improve terms, flexibility and provide access to additional liquidity if required. The original facility was established by Allied Gold Mining Plc in 2011 prior to its acquisition by St Barbara Limited (“Company”) in 2012.

The Company has entered into a new US$75 million debt facility with RK Mine Finance (“Red Kite”), comprising:

• US$32.8 million to replace the existing Red Kite gold prepayment facility;

• A minimum US$20 million to be drawn down on settlement in March 2014;

• The balance of the US$75 million facility is available to be drawn down during the next 12 months at the Company’s discretion.

Key features of the new facility include:

• The facility is for a 33 month term with no principal repayments for twelve months, followed by eight equal quarterly principal repayments (ending November 2016), with no penalty for early repayment;

• The existing Gold Ridge gold off-take arrangement ceases immediately, allowing for increased future exposure to the gold price;

• The interest rate is linked to a published reference rate and payable quarterly. The initial interest rate is 8.5% p.a.;

• The facility is secured under the existing Senior Secured Notes security trust structure and has priority payment status.

The Company expects to release its results for the half year ended 31 December 2013 on 26 February 2014.

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Ross Kennedy Executive General Manager Corporate Services Company Secretary

St Barbara Limited Level 10, 432 St Kilda Road, Melbourne VIC 3004 ACN 009 165 066 Locked Bag 9, Collins Street East, Melbourne VIC 8003

T +61 3 8660 1900 F +61 3 8660 1999 W www.stbarbara.com.au