ST BARBARA LIMITED — Major Shareholding Notification 2014

Dec 10, 2014

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)
NameACN/ARSN (if applicable)		BAKER STEEL CAPITAL MANAGERS LLP (CLIENTS OF AND ASSOCIATED OR CONNECTED PARTIES)
There was a change in the interests of the substantial holder on		10-Dec-14
The previous notice was given to the company on		04-Sep-13
The previous notice was dated		04-Sep-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		Present notice
	lPerson's vote	Woting power (5)	Person's vote	Voting power (5)
IOrdinary Shares	133.419.181	16.80%	38.520.000	7.80%

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 in Class and number ofrelation to change (7) securities affected	Person's votes affected
	"**** see allached sheet *****

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 beregistered as holder (8)	Nature of relevantlinterest (6)	Class and number ofIsecurities	IPerson's vote
Genus Dynamic Gold Fund	HSBC Custody Nominees (Australia) Ltd	las previous column	registered holder	5,650,000ordinary /	5.650,000
ICF Ruffer Baker Steel Gold Fund	National Nominees Ltd	las previous column	Iregistered holder	25.054.000lordinary /	25.054.000
RIT Capital Partners PLC	National Nominees Ltd	las previous column	registered holder	1.823.000lordinary /	1.823.000
Baker Steel Gold Fund	BNP Paribas Securities Services Australia	las previous column	registered holder	2.171.000fordinary /	2.171.000
Baker Steel Alpha Gold	HSBC Custody Nominees (Australia) Ltd	las previous column	registered holder	3.822.000lordinary /	3.822.000

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 and ACN/ARSN (if applicable).	---------------------------------------∃Nature of association
nia
_______________________________________	_______________________________________

6. Addresses

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

Name	Address---------------------------------------
Hor all entities listed._______________________________________	Tc/o Baker Steel Capital Managers LLP
and the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contra	[86 Jermyn Street, London, SW1Y 6JD

Albanya di Kabupatén Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Bandar Ban

Signature

brint name	5.1002	capacitv	Trading and Operations.Head of T_______________________________________
here	摘み	late	10-Dec-14
		Maria Antonio de Antonio de Antonio de Antonio de Antonio de Antonio de Antonio de Antonio de Antonio de An ton	Kabupatén Gundarya Propinsi Jawa Barat,

DIRECTIONS

(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 equily 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.

SCHEDULE 1

Date ofChange	Person whose relevant interest changed	Nature of change (6)	Consideration given inrelation to change (7)	Class and number ofsecurities affected	Person's votes affected
	10-Dec-14 Genus Dynamic Gold Fund	market purchase	-AUD 23,472	ordinary	250,000
	10-Dec-14 CF Ruffer Baker Steel Gold Fund	market purchase	-AUD 9,389	ordinary	100,000
	10-Dec-14 RIT Capital Partners PLC	market purchase	-AUD 14,083	ordinary	150,000
	25-Jun-14 CF Ruffer Baker Steel Gold Fund	market purchase	-AUD 96,192	ordinary	800,000
	24-Jun-14 Baker Steel Alpha Gold Fund	market purchase	-AUD 29,584	ordinary	250,000
	24-Jun-14 Baker Steel Gold Fund	market purchase	-AUD 35,501	ordinary	300,000
	24-Jun-14 Genus Dynamic Gold Fund	market purchase	-AUD 82,835	ordinary	700,000
	24-Jun-14 CF Ruffer Baker Steel Gold Fund	market purchase	-AUD 461,511	ordinary	3,900,000
	24-Jun-14 RIT Capital Partners PLC	market purchase	-AUD 35,501	ordinary	300,000
	02-Jun-14 Baker Steel Gold Fund	market sale	AUD 43,867	ordinary	$-324,000$
	21-Feb-14 CF Ruffer Baker Steel Gold Fund	market purchase	-AUD 349,235	ordinary	885,000
	20-Feb-14 CF Ruffer Baker Steel Gold Fund	market purchase	-AUD 332,583	ordinary	885,000
	16-Jan-14 CF Ruffer Baker Steel Gold Fund	market sale	AUD 379,504	ordinary	$-1,255,000$
	14-Jan-14 CF Ruffer Baker Steel Gold Fund	market sale	AUD 421,212	ordinary	$-1,255,000$
	23-Dec-13 Baker Steel Alpha Gold Fund	market purchase	-AUD 107,846	ordinary	400,000
	05-Sep-13 Baker Steel Alpha Gold Fund	market sale	AUD 643,574	ordinary	$-912,500$
	05-Sep-13 Baker Steel Gold Fund	market sale	AUD 35,264	ordinary	$-50,000$
	05-Sep-13 Genus Dynamic Gold Fund	market sale	AUD 74,760	ordinary	$-106,000$
	05-Sep-13 CF Ruffer Baker Steel Gold Fund	market sale	AUD 383,804	ordinary	$-544,181$
	05-Sep-13 RIT Capital Partners PLC	market sale	AUD 24,685	ordinary	$-35,000$

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