ST BARBARA LIMITED — Major Shareholding Notification 2013

Sep 4, 2013

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name / Scheme	ST BARBARA LTD
ACN/ARSN
1. Details of substantial holder (1)
Name	BAKER STEEL CAPITAL MANAGERS LLP (CLIENTS OF AND ASSOCIATED OR CONNECTED PARTIES)
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on	04-Sep-13
The previous notice was given to the company on	09-Aug-13
The previous notice was dated	09-Aug-13

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	IPrevious notice		lPresent notice.
	lPerson's vote	(Volina power (5)	(Person's vote	(Voling power (5)
Ordinary Shares	34.589.000	7.10%	33,419,181	i6 80%

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 the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofChange	Person whose relevantinterest changed	Nature of change (6)	Consideration given inrelation to change (7)	Class and number ofsecurities affected	Person's votes affected
	04-Sep-13 Baker Steel Alpha Gold	mkt sale i	AUD 703,132	ordinary shs	$-912.500$
	20-Aug-13 Baker Steel Alpha Gold	mkt salel	AUD 99.900	İordinarv shs	$-140.000$
	20-Aug-13 Baker Steel Gold Fund	mkt salel	AUD 64.221	lordinary shs	$-90.000$
	20-Aug-13 RIT Capital Partners PLC	mkt salel	AUD 32, 111	lordinary shs	$-45.000$
	20-Aug-13 Genus Dynamic Gold Fund	mkt salel	AUD 71.357	ordinary shs	$-100.000$
	20-Aug-13 CF Ruffer Baker Steel Gold Fundmkt salel		AUD 124.032	ordinary shs	$-173819$

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to befregistered as holder (8) linterest (6)	Nature of relevant	Class and number ofIsecurities		l Person's vote
Genus Dynamic Gold Fund	HSBC Custody Nominees (Australia) Ltd	las previous column	registered holder	lordinary/	5.056.000	5,056,000
ICF Ruffer Baker Steel Gold Fund	lNational Nominees Ltd	as previous column	registered holder	ordinary /	21,538,181	21,538.181
RIT Capital Partners PLC	National Nominees Ltd	las previous column	freaistered holder	lordinary /	1,408,000	1,408,000
Baker Steel Gold Fund	BNP Paribas Securities Services Australia	as previous column	registered holder	ordinary /	2,245,000	2,245,000
Baker Steel Alpha Gold	HSBC Custody Nominees (Australia) Ltd	as previous column	registered holder	lordinary/	3.172.000	3,172,000

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 voting interests in the company or scheme are as follows:

Name andLACN/ARSNapplicable.the control of the control of the control of the control of the control of the control of the control of the c	l Nature.:ociation.
nΙε.	------------------------------------------------------------_______________________________________
	_______________________________________

6. Addresses

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

---------------------------------------Name	_______________________________________
Lentities listed	: Steel Capital Managers LLPBakerc/o.
	186 Jermyn Street, London, SW1Y 6JD

Signature

print name	i ino Isnardi.		Head of Trading and Operations
sign here		oate	04-Sep-13
		a shekarar 1972 na shekarar 1972 na shekarar 2007 na shekarar 2008. An an an shekarar 2008, a shekarar 2008, a

JIRECTIONS

(1) 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 trustee 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 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 6 of the form

(2) See the definition of "associate" in section 9 of the Corporations Act 2001.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) Include details of:

(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(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 details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) 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).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(7) 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 contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.