SANTOS LIMITED — Director's Dealing 2021

Jan 6, 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	11 December 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	Direct or indirect interest	Indirect	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 share plantrustee
	Date of change		4 January 2021
	No. of securities held prior to change		1,098,863 fully paid ordinary shares (indirect interest)2169564 Share Acquisition Rights granted under SEEIP
			,pre220def142def	, ,viously known as SESPP,149 fully paid ordinary shares held by Sesap Pty Ltd (2018erred STI),048 fully paid ordinary shares held by Sesap Pty Ltd (2019erred STI)
			1,796 Share Acquisition Rights granted under ShareMATCH1,796 fully paid ordinary shares held by Sesap Pty Ltd (2020ShareMATCH)
	Class		Fully paid ordinary shares
	Number acquired		N/A – refer to ‘Nature of Change’ below
	Number disposed		Nil
	Value/ConsiderationNote: If consideration is non-cash, provi	de details	Shares released to Mr Gallagher for nil consideration followingvesting
	and estimated valuation
+ See chapter 19 for defined terms.

• See chapter 19 for defined terms.

07.01.21 KT Gallagher

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

220,149 fully paid ordinary shares (indirect interest throughthe Santos employee share plan trust – Sesap Pty Ltd)1,098,863 fully paid ordinary shares (indirect interest throughGallagher Family A/C – K & S Gallagher Holdings Pty Ltd)2,169,564 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-markettrade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back

220,149 fully paid ordinary shares held on behalf of MrGallagher by Sesap Pty Ltd as the Santos employee share plantrustee are now unrestricted following expiration of the twoyear restriction period for the 2018 deferred STI (referAppendix 3Y dated 19 March 2019). No change in overallholding.

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

**art 3– **+Closed period
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.

07.01.21 KT Gallagher

Appendix 3Y Page 2