ST BARBARA LIMITED — Capital/Financing Update 2016

Mar 28, 2016

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Standard & Poor’s rating raised to ‘B’ with stable outlook

The Company notes the announcement on 29 March 2016 by Standard & Poor’s that it has raised its rating from ‘B-’ to ‘B’ on the Company and its senior secured debt, with a stable outlook.

Standard & Poor’s announcement noted that ‘The Company's improving operating performance has strongly boosted its free cash flows, enabling it to repay A$159 million of debt in the nine months to February 2016.’

St Barbara confirms that there is no change to its existing debt arrangements as a consequence of Standard & Poor’s announcement.

Investor Relations Mr Rowan Cole Company Secretary +61 3 8660 1900 Media Relations Ms Nerida Mossop Hinton & Associates +61 3 9600 1979

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

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