Remuneration of directors and executives Directors pay Executive Pay Non-Executive Directors of St Barbara Mines Limited Executive Directors of St Barbara Mines Limited 53 Primary Post - employment Equity Cash, salary  & fees Non monetary  bene fi  ts Superannuation Retirement  bene fi  ts  Options  issued Total $ $ $ $ $ $ S W Miller Executive  Chairman 400,000 11,324 80,000 - 491,324 Primary Post - employment Equity Cash, salary & fees Superannuation Options issued Total $ $ $ $ K A Dundo  (i) 100,000 9,000 - 109,000 H G Tuten  (ii) - - - - M K Wheatley  (iii) 27,135 2,446 - 29,581 G B Speechly  (resigned 28/11/03) 20,833 1,875 - 22,708 Currently, remuneration is based on industry standards and set to attract quali fi  ed and experienced directors. The Board  takes advice on industry remuneration standards through consultation with external agents. Non-executive directors’ fees  are determined within an aggregate directors’ fee pool limit approved by shareholders, which currently stands at $215,000. Remuneration of directors is not linked to the Company’s performance. All fees paid are inclusive of Board committee fees. Executive remuneration is based on industry standards and set to attract quali fi  ed and experienced executives.  The Board takes advice on industry remuneration standards through consultation with external agents  The executive pay has three components: The incentive component of speci fi  ed executive’s remuneration is linked to the Company’s performance. The Remuneration Committee meets annually to review directors’ fees, senior executive salary packages and salary ranges  for the organisation Details of the nature and amount of each element of the emoluments of each director of St Barbara and the executive  of fi  cers of the Company and of the consolidated entity receiving them are set out in the following tables: In accordance with the Company’s constitution, Mr Wheatley is due for re-election at the 2004 Annual General Meeting. There is no agreement with individual non-executive directors specifying a term on engagement. There were no loans to directors of entities in the consolidated entity during the year to 30 June 2004. (iii) Mr Wheatley was appointed on 28 November 2003. (ii) Mr Tuten has declined to receive directors’ fees or other remuneration. (i) Mr Dundo is also a director of subsidiary company NuStar Mining Corporation Limited and his remuneration includes  $50,000 fees and $4,500 superannuation recovered from NuStar. Mr Dundo resigned as a director of St Barbara Mines  Limited on 18 July 2004. • Other remuneration such as superannuation • Short and long term performance incentives through participation in the St Barbara Employee Option plan • Base pay and bene fi  ts