SANTOS LIMITED — Director's Dealing 2023

Feb 26, 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	10 January 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
Date of change	21 February 2023
No. of securities held prior to change	198,023 fully paid ordinary shares (indirectinterest through the Santos employee share plantrust)1,795,968 fully paid ordinary shares (indirectinterest through Gallagher family A/C – K & SGallagher Holdings Pty Ltd)2,975,606 Share Acquisition Rights granted underSEEIP, previously known as SESPP215,971 restricted fully paid ordinary shares heldby the employee share plan trustee (2021deferred STI)1,796 share acquisition rights granted underShareMatch1,796 fully paid ordinary shares held by theemployee share plan trustee (2020 ShareMatch)
Class	Fully paid ordinary shares

+ See chapter 19 for defined terms.

Number acquired	357,406
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	SharesreleasedtoMrGallagherfornilconsideration following vesting.
No. of securities held after change	555,429fully paid ordinary shares (indirectinterest through the Santos employee share plantrust)1,795,968fully paid ordinary shares (indirectinterest through Gallagher family A/C – K & SGallagher Holdings Pty Ltd)2,440,164 Share Acquisition Rights granted underSEEIP, previously known as SESPP215,971 restricted fully paid ordinary shares heldby the employee share plan trustee (2021deferred STI)1,796 share acquisition rights granted underShareMatch1,796 fully paid ordinary shares held by theemployee share plan trustee (2020 ShareMatch)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buyback	357,406 fully paid ordinary shares already held bythe employee share plan trustee were allocatedfor the benefit of Mr Gallagher as a result of thevesting of performance rights under Santos' LongTerm Incentive Plan. One fully paid share in Santosallocated for each performance right vested. Onthe same day, 178,036 rights under Santos' LongTerm Incentive Plan lapsed.

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

+ See chapter 19 for defined terms.

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 above	No
traded during a +closed periodwhere prior written clearancewas required?
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.