ST BARBARA LIMITED — Capital/Financing Update 2019

Jun 3, 2019

ASX Release / 4 June 2019

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NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

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Retail Entitlement Offer – withdrawal facility open to Friday 7 June 2019

St Barbara Ltd (ASX:SBM) (“St Barbara” or the “Company”) has determined that, following the market reaction to the announcement on Friday 31 May 2019 regarding FY19 Gwalia production guidance, applicants who applied for New Shares under the Retail Entitlement Offer (announced on Wednesday, 15 May 2019), may withdraw their application for New Shares by 5 pm (AEST) on Friday 7 June 2019.

Applicants who wish to withdraw their application for New Shares can do so prior to 5 pm (AEST) on Friday 7 June 2019, by calling the St Barbara Offer Information Line on 1300 653 935 (within Australia) or +61 3 9415 4356 (outside Australia) at any time between 8:30 am and 5:00 pm (AEST).

The Retail Entitlement Offer closes at 5pm (AEST) today, Tuesday 4 June 2019, and New Shares issued under the Retail Entitlement offer will be allotted on Wednesday 12 June 2019.

The Company confirms that the prior successful completion of the institutional component of the underwritten Entitlement Offer (announced on 17 May 2019) and anticipated completion of the Retail Entitlement Offer secures the funding for its proposed acquisition of Atlantic Gold Corporation announced on 15 May 2019. Results of the Retail Entitlement Offer are due to be released on 7 June 2019.

Disclaimers

The information in this announcement does not constitute investment or financial product advice or any recommendation to acquire entitlements or New Shares. It does not take into account any individual's investment objectives, financial situation or particular needs. Before making an investment decision, prospective investors should consider the appropriateness of the Entitlement Offer from their individual perspective and, if in doubt, seek professional financial, legal or taxation advice.

Investor Relations	Mr David Cotterell	Manager Investor Relations	+61 3 8660 1959	ASX: SBM
Media Relations	Mr Ben Wilson	GRACosway	+61 407 966 083
St Barbara Limited	Level 10, 432 St Kilda Road,	Melbourne VIC 3004	T+61 3 8660 1900F+61 3 8660 1999
ACN 009 165 066	Locked Bag 9, Collins Street	East, Melbourne VIC 8003	Wwww.stbarbara.com.au

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Important information

This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction in which such an offer would be illegal. Neither the entitlements nor the New Shares to be offered and sold in the Entitlement Offer have been, or will be, registered under the U.S. Securities Act of 1933 (U.S. Securities Act) or the securities laws of any state or other jurisdiction of the United States. Accordingly, the entitlements may not be exercised or taken up by, and the New Shares may not be offered or sold, directly or indirectly, to, persons in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any other applicable securities law of any state or other jurisdiction of the United States. There will be no public offer of the entitlements or the New Shares in the United States.

This announcement may not be released or distributed in the United States.

This announcement includes certain forward looking statements, including statements regarding the completion of the acquisition, the impact of the acquisition and the future strategies and results of the combined St Barbara and Atlantic groups and the opportunities available to it, the integration process and the timing and amount of synergies, the timing and outcome of the Entitlement Offer and the use of proceeds, as well as statements regarding projected earnings, revenue, growth, commodity prices, outlook, plans and strategies. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words and include statements regarding certain plans, strategies and objectives of management, trends and outlook. Indications of, and guidance on, future earnings and financial position and performance are also forward looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause St Barbara’s actual results, performance and achievements or industry results to differ materially from any future results, performance or achievements, or industry results, expressed or implied by these forward-looking statements.

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