ST BARBARA LIMITED — Director's Dealing 2010

Jun 3, 2010

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	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	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 the purchasesof the shares, Bailey Superannuation Pty Ltd.
Date of change	4 June 2010
No. of securities held prior to change	181,478 fully paid ordinary sharesConvertible Notes with a face value of $850,000,convertible into 1,328,125 fully paid ordinaryshares(based on a conversionprice of$0.64).
Class	Fully paid ordinary shares
Number acquired	Nil
Number disposed	Redemption of Convertible Notes with a face valueof $850,000, convertible into 1,328,125 fully paidordinary shares (based on a conversion price of$0.64).
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$850,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 181,478 fully paid ordinary shares Nature of change Mr Bailey redeemed convertible notes in Example: on-market trade, off-market trade, exercise of options, issue of accordance with the terms and conditions of Offer securities under dividend reinvestment plan, participation in buy-back announced to ASX on 30 May 2007.

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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