ST BARBARA LIMITED — Capital/Financing Update 2017

May 31, 2017

ASX Release / 1 June 2017

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Short term A$ gold price protection on 50 koz of gold for July 2017 to June 2018

St Barbara Limited has entered into forward gold contracts to secure a reliable cash margin on an additional 50,000 ounces of Simberi’s anticipated FY18 gold production.

A total of 50,000 ounces of forward gold contracts are to be delivered in monthly instalments from July 2017 to June 2018 at a forward price of A$1,730 per ounce. With the forward gold contracts announced today and previously on 12 April 2017, a total of 100,000 ounces of Simberi’s anticipated FY18 gold production is hedged. Simberi’s year to date All-in Sustaining Cost for the nine months to Q3 March 2017 was A$1,210 per ounce[1] .

Summary of hedging in place at the date of this release

• FY17  Approximately 9,000 ounces of forward gold contracts remain (from an initial hedge of 50,000 ounces) to be delivered in monthly instalments between today and 30 June 2017 at US$1,338 per ounce (this hedge announced 4 July 2016)

• FY18  50,000 ounces of gold forward contracts to be delivered in monthly instalments between July 2017 and June 2018 at A$1,725 per ounce (this hedge announced 12 April 2017)

  • 50,000 ounces of gold forward contracts to be delivered in monthly instalments between July 2017 and June 2018 at A$1,730 per ounce (this hedge announced today)

1 Non-IFRS measure, refer Q3 March 2017 Quarterly Report released 20 April 2017

Investor Relations Mr Rowan Cole Company Secretary +61 3 8660 1900 Media Relations Mr Tim Duncan Hinton & Associates +61 3 9600 1979 St Barbara Limited Level 10, 432 St Kilda Road, Melbourne VIC 3004 T +61 3 8660 1900 F +61 3 8660 1999 ACN 009 165 066 Locked Bag 9, Collins Street East, Melbourne VIC 8003 W www.stbarbara.com.au