ST BARBARA LIMITED — Major Shareholding Notification 2003

Feb 11, 2003

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Fax cover sheet

Date/time: 11 February 2003 No. of pages including this cover sheet: 4 If you do not receive a clear transmission, please call: Karen Lee Telephone: 852-2800-1673

Deliver to:

The Australian Stock Exchange Ltd Address/location: Exchange Centre 20 Bond Street Sydney NSW2000 Australia Fax number: 009-612-97780999

Jim Lau

Legal entity/department: JPMorgan Chase Bank Address/location: 22/F Chater House 8 Connaught Road Central Hong Kong Fax number: 852-2836-9733 Telephone: 852 2800-1693

Sent from:

Mossage:

Re: St Barbara Mines Limited

Enclosed herewith is our Notice of ceasing to be a substantial holder for St Barbara Mines Limited.

Yours faithfully,

Jim Lau Compliance

Confidentiality Notice: This transmission is intended for the use of the individual or entity to which it is addressed, and it may contsin information that isconfidential or privileged under law. If the reader of this mes

Form 605

Corporations Law Section 671B

Notice of ceasing to be a substantial holder

St Barbara Mines LimitedTo Company Name/Scheme
ACN/ARSN
1. Details of substantial holder (1)Narne	J.P. Morgan Chase & Co. and its affiliates
ACN (if applicable)
The holder ceased to be asubstantial holder on	07/02/2003
The previous notice was given to the company on	27/08/2002 for the position as at 26/08/2002
The previous notice was dated	27/08/2002 for the position as at 26/08/2002

1. Changes in relevant interests

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Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the companyor scheme, since the substantial holder was last required

Date ofchange	Person whoserelevant interestchanged	Nature ofchange(4)	Considerationgiven in relationto change $(5)$	Class (6) andnumber ofsceuritiesaffected	Person's votesaffected
Please seeAppendix A		Increase in IssuedShare Capital

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN (if applicable)	Nature of association
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4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
J.P. Morgan Fleming Asset Management	10, Aldermanbury London EC2V 7RF, London, ENGLAND
$^{\prime}$ (UK) Limited $^{\prime}$

Signature

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--print name	Jin Jau		eapacity Vice President
sign here	◡	date	11/02/2003

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and tustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially $(1)$ similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Law. $(2)$
• See the definition of "associate" in section 9 of the Corporations Law. $(3)$
• $\left( 4\right)$ Include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate dotails $(\mathbf{r})$ of any contract, scheme or atrangement, must accompany this form, together with a written statement contributing this contract, scheme or arrangement; and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). $(b)$

See the definition of "relevant agreement" in section 9 of the Corporations Law.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a continuous must be included of any benefit paid on behalf of the sub $(5)$ even if they are not paid directly to the person from whom the relevant interest was acquired.
• The voting shares of a company constitute one class unless divided into separate classes. $\left($ o $\right)$
• Given details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$

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Appendix A - St Barbara Mines LimitedTransaction details for the period from 26 August 2002 to 7 February 2003
TransactionEntitydateBalance as at 26 August 2002Balance as at 7 February 2003	Buv/Sell /Transfer in/ Transferout	CCY price	Average.	Quantity18,500,00018,500,000	JPMFAML18,500,00018,500,000	Total18,500,00018,500,000	Issued sharecapital357,345,000379,953,000	% owned5.18%4.97%

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