RNS Number:4116U
St. Barbara Mines Limited
20 January 2004




ASX SHAREHOLDERS REPORT







Change in Substantial Shareholding

Attached is a form 604 (Notice of Change of Interests of Substantial
Shareholder) showing a modification in the interest held by St James's Place
Recovery Unit Trust to 7.042%.

This is a consequence of an increase in the issued capital of the Company
resultant from the debt for equity swap by Resource Capital Funds and the loan
conversion by Ocean Resources Capital Holdings.

The number of shares held by St James's Place Recovery Unit Trust is unchanged.



Stephen W. Miller
Executive Chairman



19 January 2004


Enquiries regarding this report may be directed to:


Stephen W. Miller
Executive Chairman

Telephone          (08) 9476 5555
Overseas         +61 8 9476 5555

or

Colin G. Jackson
Investor Relations
Telephone              0417 929 107



St Barbara Mines Limited
Level 2, 16 Ord Street
West Perth
Western Australia    6005

Telephone           (08) 9476 5555
Overseas           +61 8 9476 5555



Dollar values in this report are Australian dollars unless otherwise stated.




                      This information is provided by RNS
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