ST BARBARA LIMITED — M&A Activity 2022

Mar 31, 2022

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1 April 2022

Court approves the acquisition of Bardoc by St Barbara

Further to the announcement of 30 March 2022, St Barbara Limited (ASX:SBM) (“ Company ” or “ St Barbara ”) is pleased to advise that the Supreme Court of Western Australia (“ Court ”) has today made orders approving the scheme of arrangement by which St Barbara will acquire the issued shares in Bardoc Gold Limited (ASX:BDC) (" Bardoc ”) (“ Scheme ”).

Lodgement of Court Orders and Suspension of Trading

It is expected that Bardoc will lodge a copy of the Court’s orders with the Australian Securities and Investments Commission on Monday, 4 April 2022, at which time the Scheme will become legally effective. If this occurs, Bardoc’s shares will be suspended from trading on ASX at close of trading on that day.

Scheme Timetable

The key dates expected for the Scheme are set out below:

The key dates expected for the Scheme are set out below:
Effective Date	Monday, 4 April 2022
Trading in New St Barbara Shares issued as SchemeConsideration to commence on a deferred settlement basis	Tuesday, 5 April 2022
Scheme Record Date	Wednesday, 6 April 2022
Implementation Date	Wednesday, 13 April 2022
New St Barbara Shares commence trading on ASX on T+2 basis	Thursday, 14 April 2022

St Barbara’s Managing Director and CEO, Craig Jetson said “The Scheme’s approval is a major step forward in the transformation of the Leonora Province. It enables a material acceleration to the Leonora Province Plan, which supports our aspiration to be producing ~270koz per annum from the Leonora province in FY25 from an expanded 2.1Mtpa processing plant. The prompt development of Bardoc’s Zoroastrian and Aphrodite deposits would accelerate the plan by filling the mill sooner with higher grade ore[1] .”

“I would like to take this opportunity to thank both the Board of Bardoc and its shareholders for their support for the Scheme. With this acquisition marking an important step in a chapter of growth for St Barbara, we look forward to welcoming Bardoc shareholders to our register so that they may participate in this growth.”

The parties continue to work co-operatively to plan for the integration of Bardoc’s assets with St Barbara following implementation of the Scheme.

Authorised for release by

Managing Director and CEO Craig Jetson

1 Refer to the risks and contingencies on page 17 of “FY22 Half Year presentation” lodged on the ASX 23 February 2022.

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For more information

Investor Relations

Chris Maitland Kasun Liyanaarachchi Head of Investor Relations Manager Investor Relations T: +61 3 8660 1914 T: +61 8 9380 7854 M: +61 477 120 070 M: +61 499 538 252

Media Relations

Justine Fisher Head of People, Communication & Corporate Affairs T: +61 3 8660 1900 M: +61 416 196 403

Disclaimer

This announcement has been prepared by St Barbara Limited (“Company”). The material contained in this announcement is for information purposes only. This announcement is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Company and neither this announcement nor anything contained in it shall form the basis of any contract or commitment.

This announcement contains forward-looking statements that are subject to risk factors associated with exploring for, developing, mining, processing and the sale of gold. Forward-looking statements include those containing such words as anticipate, estimates, forecasts, indicative, should, will, would, expects, plans or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, and which could cause actual results or trends to differ materially from those expressed in this announcement. Actual results may vary from the information in this announcement. The Company does not make, and this announcement should not be relied upon as, any representation or warranty as to the accuracy, or reasonableness, of such statements or assumptions. Investors are cautioned not to place undue reliance on such statements.

This announcement has been prepared by the Company based on information available to it, including information from third parties, and has not been independently verified. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information or opinions contained in this announcement. To the maximum extent permitted by law, neither the Company, their directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it.

St Barbara Limited ACN 009 165 066 Level 10, 432 St Kilda Road, Melbourne VIC 3004 Locked Bag 9, Collins Street East, Melbourne VIC 8003 T +61 3 8660 1900 F +61 3 8660 1999 stbarbara.com.au

ASX: SBM ADR: STBMY

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