SANTOS LIMITED — Director's Dealing 2021

Feb 22, 2021

Appendix 3Y Change of Director’s Interest Notice

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	7 January 2021

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.

	Name of Director	Kevin Thomas Gallagher	Kevin Thomas Gallagher
gDate of last notice7 January 2021Part 1 - Change of director’s relevant interests in securitiesIn the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” shouldbe disclosed in this part.Direct or indirect interestDirect and indirectNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.Shares held by Sesap Pty Ltd as Santos’ employee sharetrustee and K & S Gallagher Holdings Pty Ltd <Gallagher FaA/C>Date of change16 February and 19 February 2021No. of securities held prior to change220,149 fully paid ordinary shares (indirect interest thr		g
	Date of last notice	7 January 2021
	Direct or indirect interest	Direct and indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	Shares held by Sesap Pty Ltd as Santos’ employee sharetrustee and K & S Gallagher Holdings Pty Ltd <Gallagher FaA/C>	planmily
	Date of change	16 February and 19 February 2021
	No. of securities held prior to change	220,149 fully paid ordinary shares (indirect interest thr
	Class	Fully paid ordinary shares
	Number acquired	609,345
	Number disposed	340,000 – on-market sale
	Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	1. Shares allocated to Mr Gallagher for nil considerationfollowing vesting2. AU$2,357,604.84 in relation to shares sold on-market3. Off-market transfer for nil consideration

• See chapter 19 for defined terms.

23.02.21 KT Gallagher

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

		No. of securities held after change	No. of securities held after change	1,588,357 fully paid ordinary shares (indirect interest throughGallagher Family A/C – K & S Gallagher Holdings Pty Ltd)1,497,923 Share Acquisition Rights granted under SEEIP,previously known as SESPP142,048 fully paid ordinary shares held by Sesap Pty Ltd (2019deferred STI)1,796 Share Acquisition Rights granted under ShareMATCH1,796 fully paid ordinary shares held by Sesap Pty Ltd (2020ShareMATCH)	1,588,357 fully paid ordinary shares (indirect interest throughGallagher Family A/C – K & S Gallagher Holdings Pty Ltd)1,497,923 Share Acquisition Rights granted under SEEIP,previously known as SESPP142,048 fully paid ordinary shares held by Sesap Pty Ltd (2019deferred STI)1,796 Share Acquisition Rights granted under ShareMATCH1,796 fully paid ordinary shares held by Sesap Pty Ltd (2020ShareMATCH)	1,588,357 fully paid ordinary shares (indirect interest throughGallagher Family A/C – K & S Gallagher Holdings Pty Ltd)1,497,923 Share Acquisition Rights granted under SEEIP,previously known as SESPP142,048 fully paid ordinary shares held by Sesap Pty Ltd (2019deferred STI)1,796 Share Acquisition Rights granted under ShareMATCH1,796 fully paid ordinary shares held by Sesap Pty Ltd (2020ShareMATCH)
		Nature of changeExample:on-markettrade,off-markei f ti i f iti	ttrade,d	1. On 16 February 2021,already held by Sesa	609,345 fully paid ordinary sharesp Pty Ltd, as the Santos employeeere allocated for the benefit of Mrf the vesting of performance rightserm Incentive Plan. One fully paidated for each performance rightday, 62,296 performance rightsrm Incentive Plan lapsed., on-market sale of 340,000 fullyto fund personal tax obligationsding window following the lifting ofctions.off-market transfer of 489,494 fully
		exercse o opons, ssue o securdividend reinvestment plan, participation	s unerin buy-	share plan trustee, w
		back		Gallagher as a result ounder Santos’ Long-Tshare in Santos allocvested. On the sameunder Santos’ Long-Te2. On 19 February 2021
				paid ordinary sharesupon opening of a trainternal trading restri3. On 19 February 2021,
				paid ordinary shares from Sesap Pty Ltd, as the employeeshare plan trustee, to Kevin Gallagher (direct interest)and then to K & S Gallagher Holdings Pty Ltd <GallagherFamilyA/C>(indirect interest).

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 prior to 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

• See chapter 19 for defined terms.

23.02.21 KT Gallagher

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

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

• See chapter 19 for defined terms.

23.02.21 KT Gallagher

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