ST BARBARA LIMITED — Director's Dealing 2008

Jul 22, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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 Limited
ABN	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 Douglas Bailey
Date of last notice	8 January 2008

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 “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Bailey has a beneficial interest in thepurchases of the shares, Bailey SuperannuationPtyLtd<BaileySuperannuationFundAccount>.
Date of change	17 July 2008
No. of securities held prior to change	107,937 fully paid ordinary shares (Shares)8% Convertible Notes due 2012 (Notes) with a facevalue of $850,000, convertible into 1,268,657 fullypaid ordinary shares (based on the currentconversionprice of$0.67).
Class	Fully paid ordinary shares
Number acquired	30,840 fully paid ordinary shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$12,336
No. of securities held after change	138,777 Shares.Notes with a face value of $850,000, convertibleinto 1,268,657 fully paid ordinary shares (based onthe current conversion price of $0.67).

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Nature of change Pursuant to the Retail Entitlement Offer dated Example: on-market trade, off-market trade, exercise of options, issue of 13 June 2008. securities under dividend reinvestment plan, participation in buy-back

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.

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