ST BARBARA LIMITED — Director's Dealing 2005

Nov 27, 2005

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	St Barbara Mines Limited
IABN	36 009 165 066

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Eduard Eshuys
Date of last notice	2 February 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notiliable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Eshuys has a direct interest in shares arising from the exercise of options and an indirect, beneficial interest in shares held by Alianda Oaks Pty Ltd and Resource Surveys Pty Ltd Superannuation Fund
Date of change	22 to 25 November 2005
No. of securities held prior to change	1,250,000
Class	Fully paid ordinary shares
Number acquired	3,400,000
Number disposed	4,150,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	٠ $$294,120$ paid to exercise 3,400,000 unlisted options \$1,184,500 proceeds on sale of 4,150,000 shares
No. of securities held after change	500,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	٠ Exercise of 3,400,000 unlisted options ٠ On-market trades for sale of 4,150,000 shares

⁺ See chapter 19 for defined terms.

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$+$ See chapter 19 for defined terms.