ST BARBARA LIMITED — Major Shareholding Notification 2005

Dec 11, 2005

Resource Capital FundsManagement Pty LtdABN: 25 098 091 715

Level 3 24 Kings Park Road West Perth WA 6005

To:	Company Announcements	From:	lan Burvill	Postal Address:PO Box 524West Perth WA 6872
Fax:	1900 999 279	Pages:	- 3
	Company: Australian Stock Exchange	Date:	December 9, 2005	Telephone: (08) 9485 2770Facsimile: (08) 9485 2779rcf@rcfm.com.aue-mail:
Re:	Form 604 - Change ofInterests	CC:	R Kennedy - SBM	www.resourcecapitalfunds.com

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Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	St Barbara Mines Limited
ACNIARS V	ACN 009 165 066
Details of substantial holder (1)1.NameACN (if applicable)	Resource Capital Fund II LP
There was a change in the interests of thesubstantial holder on	09/12/2005
The previsus notice was given to the company on	27/01/2005
The previous notice was dated	27/01/2005

2. Prev-ous and present voting power

The total number of votes attached to all the voting shares in the company or voling interest in the scheme that the substantial holder or an associate (2) had arelevant interest (3) in when last required, and when now re

Class of securities (4)	Previous notice		Present nonce
	Person's votes	Voting power (5)	Person's votes	Voling power (5)
Ordinary	177,887,642	31.40% (Note: Based onissued capital of566,533,352 ordinaryshares)	178,662,230	28.90% (Note: Based onissued capital of618,102,524 ordinaryshares)

3. Changes in relevant Interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since thesubstantial holder was last required to give

Date of change	Person whose relevantinterest changed	Nature of change (6)	Consideration given inrelation to change (7)	Class and number ofsecurities affected	Person's votesaffected
09/09/05 to26/09/05	Resource CapitalFund II LP	a decrease in theCompany's sharecapital via buy-backsof 3,168,000 shares	nil fromResource CapitalFund II LP	177,887,642 fullpaid ordinaryshares	177,887.642
18/10/05	Resource CapitalFund II LP	exercise of 774,588options by ResourceCapital Fund II LP	$164,383.68	178,662,230 fullpaid ordinaryshares	178,662,230
19/10/05 to26/10/05	Resource CapitalFund II LP	a decrease in theCompany's sharecapital via buy-backsof 1.175.103 shares	nil fromResource CapitalFund II LP	178,662,230 fullpaid ordinaryshares	178,662,230
14/11/05 to08/12/05	Resource CapitalFund II LP	exercise of 5,425,000options by otherparties	nil fromResource CapitalFund II LP	178,662,230 fullpaid ordinaryshares	178.652.230
09/12/05	Resource CapitalFund II LP	exercise of 49,712,687options by otherparties	nil fromResource CapitalFund II LP	178,662,230 fullpald ordinaryshares	178,662,230

4. Present relevant interests

Particulars of each relevant Interest of the substantial holder in voting securities efter the change are as follows:

Holder ofrelevantinterest	Registered holder ofsecurities	Person entitled tobe registered asholder (6)	Nature ofrelevantInterest (6)	Class andnumber of securities	Person's votes
ResourceCapitalFund II LP	Resource CapitalFund II LP	ResourceCapital Fund IIιP	Owner	178,662,230 fullypaid ordinaryshares	178.662.230

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to votingInterests in the company or scheme are as fo

Name and ACN (if applicable)	Nature of association
	.
	┯

6. Addresses

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

Name	Address
Resource Capital Fund II LP	1400 Sixteenth Street, Suite 200Denver CO 80202USA

ده قانعان می بی ای این این این این این این این این این Signature

lan Burvill print name

sign here

tetern

capacity authorised representative

date 09/12/2005

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