ST BARBARA LIMITED — Director's Dealing 2008

Jul 9, 2008

St Barbara Limited ACN 009 165 066 Level 21, 90 Collins Street, Melbourne Vic 3000 Telephone +61 3 8660 1900 Facsimile +61 3 8660 1999 Email melbourne@stbarbara.com.au Website www.stbarbara.com.au

Appendix 3Y

We attach an Appendix 3Y for Mr Eduard Eshuys. The 5 million shares sold, as set out in the Notice, were issued to Mr Eshuys on 18 June 2008 as a result of the exercise of unlisted options.

These 5 million shares were sold on 3 and 4 July 2008 to fund the acquisition of shares by Mr Eshuys under the Entitlement Offer detailed in the Prospectus dated 13 June 2008.

Ross Kennedy Company Secretary

10 July 2008

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 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 Eduard Eshuys
Date of last notice	1 July 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	Direct and indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Eshuys owns shares directly and has anindirect, beneficial interest in shares held byResource Surveys Pty Ltd Superannuation Fund
Date of change	3 and 4 July 2008
No. of securities held prior to change	25,942,403 shares and 5,000,000 unlisted options
Class	Fully paid ordinary shares
Number acquired	Nil
Number disposed	5,000,000 fully paid ordinary sharesThe purpose of this sale is to fund the acquisitionof shares by Mr Eshuys under the EntitlementOffer.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$1,695,250
No. of securities held after change	20,942,403 shares and 5,000,000 unlisted options
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On-market trade.

+ 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 whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

+ See chapter 19 for defined terms.