ST BARBARA LIMITED — Major Shareholding Notification 2004

Jul 26, 2004

GAM London Limited

12 ST JAMES'S PLACE LONDON SW1A 1NX

TELEPHONE +44 (0) 20 7493 9990 FACSIMILE +44 (0) 20 7499 9144

FACSIMILE

TOA//porument)

SUBJECT:	Form 603 Disclosure
FROM:	Tom Ahearne
OF COMPANY:	St. Barbara Mines Limited
TO:	Patrica Kershaw
FAX NO:	$+61894765500$
DATE:	26 July 2004

MESSAGE:

Please find attached the signed form 603 and the annexure A as per request

Regards Tom Ahearne GAM London

$CC:$ Riki Chao - GAM HK

Number of pages to follow: 2

If this message has not been properly received please contact: on +44 (0) 20 7493 9990 extension: 2204 Fax No: +44 (0) 20 7499 9144

REGISTERRED IN ENCLAND NO 874887REGISTERED OFFICE AS ABOVE

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Autharised and regulated by the Financial Secrices Authority

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$604$ page $1/2$ July 2000

	Form 604
	Corporations LawSection 6718
	Notice of change of interests of substantial holder
In Company Name/Scheme	St. Barbara Minas Limited
ACN/ARSN	ACN 009 165 066
1. Details of substantial helder(t)
HameACN/ARSN (if opplicante)	St. James's Place Repovery Unit Trust
There was a charge in the interests of thesubstancial holder onThe previous notice was given to the company onThe previous notice was dated	23 , 07, 200416,01,200419 / 12 2003
2. President and present voting power
	The mail mether of vous attached to all tre voting shares in the company or voting intersts in the substantial maker or an associate (2) had a relevant interest (3) $\mu$in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Boconices (4)Ordinary	Previous roticePerson's votes40.430.000	Voling power (5)$-042$ %	Present indicaPerson's votes40,430,000	Volum power 155.6523

1. Changes in relevant interests

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Paticulars of each change in, or change in the naure of a milevant interest of the substantial massacker in voulny securities of the company or scheme. Since thesubstantial holder was lest required to give a substantial h

Data erchange	Person whoserelevant interessChanged	Nature ofC'unos (6)	Considerationgiven in milationto change (7)	Class andfunder ofsacuritimsaffected	Petson's valuesaffacted
	St. Jamma'sPlace Recovery	Increase In٨nthe company's	N11	40, 430, 000	40.430.000
	Unit Trust	LESUED SPATEcanital

4. Presunt relatest interests

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Particulars of each relevant inseries of the substancial holder in voting securities after the change are as follows:

$\frac{1}{\sqrt{2}}$ . The second second

Holder ofRegisteredColevanthoker ofinterestSACURITIES		Param extitledto be registered.as homer in	Nature ofrelavant电镀碳化的	Class andFAINBAR ofSEDITIES	Person's votes
	St. James & Place Recovery Litt Truet		Owner	40,430,000	40,430,000

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604 page 2/2 July 2000

5. Changes in association

The parsons will have become esseriates (2 of reased to be asserteres of, or have changed the nature of their association) with. the substantial holder in relation to votingInterests in the company or scheme are as follow

Name and ACN/ARSN In applicable)———	Nature of association.
Not Applicable	---------------------------------
	. 8.

1. Addresses

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

Maraz	Address
St. Jamee's Place	: St. James's Place Unit Thust Group Limited
Recovery Unit Trust	: St. James's Place House, Dollar Street, Cire mpest er,
	Gloupeatershire, GL7 2AO,

Signature

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DANIK MATINGsign here		MELANLE 7, TAMAN	ついしんてつん ロドCOPOCHY CAPE, CONDUM CIMITED, INVESTMENT
			$400 , \text{AU}$ / 0 $7$ / 0 $\text{V}$	MUNEER TOTIPGFUNI
		DIRECTIONS
			if there are a number of substanted holders with savitant or related relevent miterests (eq. a corporation and its related corporations, or the manager and trustee of anequity trust), the names could be included in an avrease to the form, if the relevant interests of a group of persons are essentially similar, they may be referred tothoughout the form as a specifically named group if the membership of each group, with the names and adgresses of members is clearly set out in paragraph 6 of the
		See the darknition of "associate" at section 9 of the Corporations Law.
		Sine the definition of "relevant interest" in sections 608 and 871B(7) of the Corporation's Law.
		The voting studies of a company constitute one class unless divided into separate classes.
		The person's votes abided by the total votes in the body doporate or screene multiplied by 100.
kutha datajiyar:
椢			any relevant syreement or other circumstances because of which the change in rehewant interest suctured. If subsection 571B(4) applies, a capy of anydocument setting out the terms of my relevant agreement, and a matement by the gerson giving full and accurate details of any contract, scheme oramergement, must accompany this form, together with a written statement certifying this contract, scheme at arrengement; and
ы			any qualification of the present of a parson to exercise, control the exercise of, or influence the exercise of the next players of the securities towhich the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
		See the definition of "relevant agreement" in acction 9 of the Corporations Law.
	the relevant incoresc was acquired.		Delaits of the consideration mast include any and all tenefics, money and other, that any person from whom a relevant interest was acquired has, or may, becomingenting to recare in relation to that acquision. Decails must be included even if the bankfis is conditional on the higgeoving or not of a contingency. Details must beincums of any benefit paid on benefits the maximum in folder or its executate in relation to the acquisitions, even if they are not paid directly its the person from where
			if the subscraptial holder is unable to determine the clanaby of the persons (eg. if the relevant interest anisometer and an option) write "unknown".
			Give datails, if approprises, of the present association and any change in that association tince the fast substantial heating notice,

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