Investor Presentaiton

Gwalia gold production - 136 koz in H1 AISC (A$/oz) 883 FY15 AISC A$841/oz 645 860 692 846 Mined Grade (g/t Au) 9.7 9.7 8.6 June 2015 Reserve grade 9.4 g/t Au 9.0 FY15 average grade 8.9 g/t Au Production (koz) 77.0 68.6 57.2 7.9 72.4 63.5 FY 15 Q2 Dec FY 15 Q3 Mar FY 15 Q4 Jun FY16 Q1 Sep FY16 Q2 Dec 12/Asia Investor Relations Roadshow / March 2016 St Barbara LIMITED Q2 December FY16 Quarter: > 63,533 oz produced in Q2 (Q1: 72,388 oz) > 135,921 oz produced in H1 FY16 > AISC¹ of A$846/oz (Q1: A$692/oz) > Production in Q2 less than Q1 due to lower grade, partially offset by processing of stockpiles from previous quarter > Ore grade fluctuates within mine sequence and will vary from Q to Q Ore containing an estimated 1,000 oz of gold was stockpiled at the end of Q2 (5,500 oz at end of Q1) > FY 16 Guidance revised: > Production of between 245 - 260 koz (was 230-250 koz) AISC of between A$840/oz and A$900/oz (was A$875/oz - A$940/oz) 1. Non IFRS measure, refer corresponding slide in Appendix

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