ST BARBARA LIMITED — Director's Dealing 2010

Dec 22, 2010

Rule 3.19A.2

Appendix 3Y (Amended)

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 Tim Lehany
Date of last notice	17 December 2009

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 & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Lehany has a beneficial interest shares held byLehany Burke Family Superannuation Fund.
Date of change	23 December 2010
No. of securities held prior to change	167,820fullypaidordinaryshares(postconsolidation)1,227,570 unlisted options
Class	Performance Rights
Number acquired	757,819 Performance Rights pursuant to the StBarbara Limited Performance Rights Plan.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil consideration (Issue of Performance Rightsapproved by shareholders on 18 November 2010).
No. of securities held after change	167,820 fully paid ordinary shares (postconsolidation)1,227,570 unlisted options757,819 Performance Rights

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issue of Performance Rights as approved byshareholders on 18 November 2010.

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