ST BARBARA LIMITED — Director's Dealing 2009

Feb 26, 2009

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	11 August, 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)	Mr Eshuys owns shares directly and has an indirect,beneficial interest in shares held by Resource
Note: Provide details of the circumstances giving rise to the relevantinterest.	Surveys Pty Ltd Superannuation Fund
Date of change	27 February, 2009
No. of securities held prior to change	5,967,403 shares and 5,000,000 unlisted options
Class	Fully paid ordinary shares
Number acquired	5,000,000 pursuant to exercise of Executive options
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$590,000
No. of securities held after change	10,967,403 shares
Nature of change	Exercise of 5,000,000 Executive Options at 11.8
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	cents each for consideration of $590,000

+ 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 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 an
estimated valuation
Interest after change

+ See chapter 19 for defined terms.