SANTOS LIMITED — Director's Dealing 2023

Sep 7, 2023

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	29 May 2023

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Shares held by CPU Share Plans Pty Ltd as Santos'employee share plan trustee and shares held byK&S Gallagher Holdings Pty Ltd <gallagher family<br="">A/C>
Date of change	4, 7 and 8 September 2023
No. of securities held prior to change	2,050,000fullypaidordinaryshares(indirectinterest through Gallagher family A/C – K & SGallagher Holdings Pty Ltd)2,946,886 Share Acquisition Rights granted underSEEIP, previously known as SESPP215,971 restricted fully paid ordinary shares heldbytheemployeeshareplantrustee(2021deferred STI)149,623 restricted fully paid ordinary shares heldbytheemployeeshareplantrustee(2022deferred STI)1,796shareacquisitionrightsgrantedunderShareMatch1,796 restricted fully paid ordinary shares held bytheemployeeshareplantrustee(2020ShareMatch)

+ See chapter 19 for defined terms.

Class	Fully paid ordinary shares
Number acquired	898 ordinary sharesfollowing vesting of 898 shareacquisitionrightsgrantedunderShareMatchshare plan (2020 ShareMatch ‐ 3 year vesting).
Number disposed	600,000
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	1.SharesreleasedtoMrGallagherfornilconsiderationfollowingvestingandexpiration of restriction period.2.AU $7.811656 per share (average price) inrelationtosharessoldon‐marketon7September 2023.3.AU $7.763121 per share (average price) inrelationtosharessoldon‐marketon8September 2023.
No. of securities held after change	1,796 fully paid ordinary shares (indirect interestthroughCPUSharePlansPtyLtdasSantos'employee share plan trustee)1,450,000fullypaidordinaryshares(indirectinterest through Gallagher family A/C – K & SGallagher Holdings Pty Ltd)2,946,886 Share Acquisition Rights granted underSEEIP, previously known as SESPP215,971 restricted fully paid ordinary shares heldbytheemployeeshareplantrustee(2021deferred STI)149,623 restricted fully paid ordinary shares heldbytheemployeeshareplantrustee(2022deferred STI)898shareacquisitionrightsgrantedunderShareMatch (2020 ShareMatch – 4 year vesting)898 restricted fully paid ordinary shares held bytheemployeeshareplantrustee(2020ShareMatch – 4 year vesting)
Nature of changeExample: on‐market trade, off‐market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy‐back	1.On 4 September 2023, 898 fully paid ordinaryshares were allocated for the benefit of MrGallagher as a result of the vesting of shareacquisition rights granted under ShareMatchshareplan(2020ShareMatch ‐ 3yearvesting). In addition, 898 fully paid ordinaryshares held on behalf of Mr Gallagher by theemployeeshareplantrusteearenowunrestricted following expiration of the three‐yearrestrictionperiodforthe2020ShareMatch – 3 year vesting.2.On 7 September 2023, on‐market sale of400,000 fully paid shares and on 8 September2023, on‐market sale of 200,000 fully paidshares as part of a reorganisation of personalfinancial matters.

+ See chapter 19 for defined terms.

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 changeNote: 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 detailed	No
above traded during a +closedperiod where prior writtenclearance was required?
If so, was prior written clearance provided to allow thetrade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date wasthis provided?	Not applicable

+ See chapter 19 for defined terms.