SANTOS LIMITED — Director's Dealing 2020

Apr 8, 2020

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	Kevin Thomas Gallagher
Date of last notice	17 March 2020

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	Indirect - beneficial
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	K & S Gallagher Holdings Pty Ltd
Date of change	6 April 2020
No. of securities held prior tochange	1,614,618 fully paid ordinary shares (indirect interest)1,727,266Share Acquisition Rights granted under SEEIP,previously known as SESPP220,149 fully paid ordinary shares held by Sesap Pty Ltd (2018deferred STI)142,048 fully paid ordinary shares held by Sesap Pty Ltd (2019deferred STI)
Class	Fully paid ordinary shares
Number acquired	Nil
Number disposed	515,755
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	Average of $4.29 per share

+ See chapter 19 for defined terms.

No. of securities held afterchange	1,098,863 fully paid ordinary shares (indirect interest)1,727,266 Share Acquisition Rights granted under SEEIP,previously known as SESPP220,149 fully paid ordinary shares held by Sesap Pty Ltd (2018deferred STI)142,048 fully paid ordinary shares held by Sesap Pty Ltd (2019deferred STI)
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buyback	On-market trade of shares to fund personal tax obligationsupon opening of a trading window following the lifting ofinternal trading restrictions.

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 towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts	No
detailed above traded during a +closed periodwhere prior written clearance was required?
If so, was prior written clearance provided to allowthe trade to proceed during this period?	Not applicable
If prior written clearance was provided, on whatdate was this provided?	Not applicable

+ See chapter 19 for defined terms.