ST BARBARA LIMITED — Major Shareholding Notification 2015

Mar 4, 2015

Ruffer LLP 80 Victoria Street London SW1E 5JL Fax +44 (0)20 7963 8175 www.ruffer.co.uk

04 March 2015

The Manager Company Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000

By electronic lodgement

Dear Sir/Madam

Re: Notice of ceasing to be a substantial holder - St Barbara Limited

We enclose notice of ceasing to be a substantial holder in St Barbara Limited. This notice is given by Ruffer LLP.

Yours faithfully

Louise Stanway Compliance Officer

attach

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	St Barbara Limited
ACN/ARSN	309 165 066
1. Details of substantial holder(1)
NameCAN/ARSN (if applicable)	Ruffer LLP
The holder ceased to be asubstantial holder on		03/03/2015
The previous notice was given to the companyThe previous notice was dated		03/02/201503/02/2015

2. Changes In relevant interests

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 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 ofdhango	Personwhoserolevantinterest	Nature ofchange $(4)$	Considerationgiven in relationto change(5)	Class (6) andnumber ofsacuritiesaffected	Person'svotesaffactad
10/02/2015	Ruffer LLP	Sale of Ordinary Shares	AUD $159,917.91	728,654 ordinaryShares	728,654
11/02/2015	Ruffer LLP	Sale of Ordinary Shares AUD $464,830.77		2,128,346ordinary shares	2.128.346
03/03/2015	Ruffer LLP	Sale of Ordinary Shares	AUD $636,453.15	2,929,737ordinary shares	0.929.737

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:

BARBAPAPTERAMAANAAN----------------------. Canjarsni (1)''' applicable)Name and	' association :PIRTURE- 25.755.44
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	LABAAARBAAARBAAARBAARBAAARBAAARBAAARBA
----------	$ -$
ш	----------------------
NM	----------------

4. Addresses

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

Name	---------------------------------------Address
--------------------------------------Ruffer----------------------------------------	---------------------------------------~n Victoria Street, London, SW1E 5JL- 80 -

Signature

print name	Louise Stanway	caracity	Compliance Officer..
sign here		date	04 / 03 / 2016..

$\hat{\boldsymbol{\theta}}$

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 trustee of anequity trust), the names could be included in an ann $(1)$ 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.
• $(2)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• Include details of: $(4)$
  • $(a)$ 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 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.

• $(5)$ 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 entitied to receive in relation to that acquistion. 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.
• $(6)$ The voting shares of a company constitute one class unless divided into separate classes.
• $\left( 7\right)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.