ST BARBARA LIMITED — Transaction in Own Shares 2011

Dec 20, 2011

St Barbara Limited ACN 009 165 066 Level 10, 432 St Kilda Road, Melbourne VIC 3004 Locked Bag 9, Collins Street East, Melbourne VIC 8003 Tel +61 3 8660 1900 Fax +61 3 8660 1999 www.stbarbara.com.au

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Establishment of on‐market share buy‐back facility

St Barbara Limited has established an on‐market share buy‐back facility to repurchase up to a maximum of 15 million of its ordinary shares over a six month period.

The buy‐back facility will enable St Barbara to apply its strong balance sheet and cash position to buy back its shares and consolidate the Company’s capital base for the benefit of shareholders.

St Barbara has engaged independent third party E.L. & C. Baillieu Stockbroking Ltd (Baillieu) to act as its broker for the buy‐back program.

During the Company's share trading blackout periods (as defined in the Company's Securities Dealing Policy), Baillieu will be provided with an irrevocable mandate with predetermined parameters to buy back shares on the Company’s behalf. Throughout the blackout periods, Baillieu will make trading decisions independently of, and uninfluenced by, the Company.

An Appendix 3C in relation to the buy‐back is attached.

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Tim Lehany Managing Director & CEO 21 December 2011

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