ST BARBARA LIMITED — Major Shareholding Notification 2023

Jul 9, 2023

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/ Scheme	ST BARBARA LIMITED
ACN/ ARSN	009 165 066
1. Details of substantial holder (1)Name	L1 Capital Pty Ltd
ACN/ ARSN (if applicable)	125 378 145
The holder ceased to be a substantial holder on		7/07/2023
The previous notice was given to the company on		3/04/2023
The previous notice was dated		3/04/2023

2. 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 (4)	Consideration given inrelation to change (5)	Class (6) and number ofsecurities affected	Person's votes affected
SeeAnnexure A

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:

Name and ACN/ ARSN (if applicable)	Nature of association
N/A

4. Addresses

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

Name	Address
L1 Capital Pty Ltd	Level 45, 101 Collins Street, Melbourne, VIC, 3000

Signature

Print name	Jane Stewart	Capacity	Head of Compliance
Sign here		Date	10/07/2023

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 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 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.
• (4) Include details of:
  • (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 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) The voting shares of a company constitute one class unless divided into separate classes.
• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

L1 Capital Pty Ltd (ACN 125 378 145) ceasing to be substantial holder in ST BARBARA LIMITED. This is Annexure "A" of 1 page referred to in the Form 605 (Notice of ceasing to be a substantial holder)

Print Name Jane Stewart Capacity Head of Compliance

Sign Here Date 10/07/2023

Changes in relevant interests

Date of change	Person whoserelevant interestchanged	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected		Person's votesaffected
28/04/2023	L1 Capital Pty Ltd	On-Market Sale	$371,634.79	617,231	FPO	617,231
31/05/2023	L1 Capital Pty Ltd	On-Market Purchase	$604,298.27	1,122,605	FPO	1,122,605
1/06/2023	L1 Capital Pty Ltd	On-Market Purchase	$301,400.00	548,000	FPO	548,000
2/06/2023	L1 Capital Pty Ltd	On-Market Purchase	$155,250.00	270,000	FPO	270,000
5/06/2023	L1 Capital Pty Ltd	On-Market Purchase	$325,152.67	586,314	FPO	586,314
7/06/2023	L1 Capital Pty Ltd	On-Market Purchase	$204,327.00	365,000	FPO	365,000
8/06/2023	L1 Capital Pty Ltd	On-Market Purchase	$855,001.54	1,532,499	FPO	1,532,499
3/07/2023	L1 Capital Pty Ltd	On-Market Sale	$475,446.98	943,201	FPO	943,201
6/07/2023	L1 Capital Pty Ltd	On-Market Sale	$9,817,410.11	33,160,345	FPO	33,160,345
7/07/2023	L1 Capital Pty Ltd	On-Market Sale	$3,018,729.07	10,610,647	FPO	10,610,647