SANTOS LIMITED — Director's Dealing 2016

Dec 22, 2016

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	SANTOS LIMITED
ABN	80 007 550 923

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Peter Roland Coates
Date of last notice	30 September 2016

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Invia Custodian Pty Ltd <the coates="" investment<br="">A/C>, held by Coates Investments Pty Ltd astrustee for The Coates Investment Trust, of whichthe director is a 50% beneficiary.Invia Custodian Pty Ltd <peter &="" coates<br="" kathleen="">S/F>, held as trustee for P & K Coates Super Fundof which the director is a 50% beneficiary.
Date of change	23 December 2016
No. of securities held prior to change	10,979 fully paid ordinary shares (direct interestNED share plan)39,052 fully paid ordinary shares (direct interest)54,347fullypaidordinaryshares(indirectinterest)
Class	Fully paid ordinary shares
Number acquired	16,068 (12,563 indirect interest and 3,505 directinterest)
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$3.98 per share (12,563 shares)$3.955 per share (3,505 shares)

+ See chapter 19 for defined terms.

No. of securities held after change	10,979 fully paid ordinary shares (direct interestNED share plan)42,557 fully paid ordinary shares (direct interest)66,910fullypaidordinaryshares(indirectinterest)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buyback	On market transfer.Allocation resulting from participation inthe Non-Executive Director ShareholdingPlan.

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related priorto change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above	No
traded during a +closed period where prior written clearancewas required?
If so, was prior written clearance provided to allow the tradetoproceed during this period?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

+ See chapter 19 for defined terms.