SANTOS LIMITED — Governance Information 2019

Feb 20, 2019

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Name of entity
SantosLimited
ABN/ARBN	Financial year ended
80007550923	31December2018
these pages of our annual report:	Our corporate governance statement2 forthe above period above can be found at:3
this URL on our website:	_____________________________________________https://www.santos.com/who‐we‐are/corporate‐governance/
The Corporate Governance Statement is accurate and up to date as at 20 February 2019 and has beenapproved by the board.
The annexure includes a key to where our corporate governance disclosures can be located.
Date:	20 February 2019

Name of Director or Secretary authorising Christian Paech lodgement: Company Secretary

1 Under Listing Rule 4.7.3, an entity must lodge with ASX a completed Appendix 4G at the same time as it lodges its annual report with ASX.

Listing Rule 4.10.3 requires an entity that is included in the official list as an ASX Listing to include in its annual report either a corporate governance statement that meets the requirements of that rule or the URL of the page on its website where such a statement is located. The corporate governance statement must disclose the extent to which the entity has followed the recommendations set by the ASX Corporate Governance Council during the reporting period. If the entity has not followed a recommendation for any part of the reporting period, its corporate governance statement must separately identify that recommendation and the period during which it was not followed and state its reasons for not following the recommendation and what (if any) alternative governance practices it adopted in lieu of the recommendation during that period.

Under Listing Rule 4.7.4, if an entity chooses to include its corporate governance statement on its website rather than in its annual report, it must lodge a copy of the corporate governance statement with ASX at the same time as it lodges its annual report with ASX. The corporate governance statement must be current as at the effective date specified in that statement for the purposes of rule 4.10.3.

2 "Corporate governance statement" is defined in Listing Rule 19.12 to mean the statement referred to in Listing Rule 4.10.3 which discloses the extent to which an entity has followed the recommendations set by the ASX Corporate Governance Council during a particular reporting period.

3 Mark whichever option is correct and then complete the page number(s) of the annual report, or the URL of the web page, where the entity's corporate governance statement can be found.

ANNEXURE – KEY TOCORPORATE GOVERNANCE DISCLOSURES

Corp	GoCoil rdaionattorevernanceuncecommen	Whafollowd thedaioninfullfohetr teveerecommenholef thed abohadlod …ioWiscwoperveevese	WhaOfollowd thedaioninNTteveerecommenfullfoheholef thed abohaioWtrwoperveevedlodiscse…
PRIN	CIPLELAYSOLIDFOUNDATIONSFORMANAG1–	EMENTANDOVERSIGHT
1.1	ld eholddlosAistityiscntesue:(a)helesdblfiveiiitiesitstectresproanresponsobodd mdt; aarananagemenn(b)holyd thebodttteo tsemarsexpressreserveardhodelegd ttatet.anseo managemen	hefachafollowhdaisiontt tt wtterecommen:…(') o'Reblf oinioniiitiesCoecttes1.1sponsurrporaGoStaORtemtvernanceenhlocisionattat:_locherInsatiertonedforbohelesdinionivetuttectanmaaresproan…(blf obod ad mludhoiiitiesincingttresponsourarnanagemenselyd thebod ad thodelegd ttteo tatemarsexpressreservearnseo):tmanagemenhislocionattat:he'Co' sef thebsTGoionSaitetectntrporavernanceooswehttho//w/w/coatntte‐ps:ww.saos.com‐we‐arerpora/governancedhedhahhlableheBoCicis aitrteattanarr, wvasamelocionat
1.2	Alistd eityhold:ntesu(a) udekeheksbeforiatintingrtanappropre cce appoford tholdeingityuttpaerson, or pwaro securrsddaforlecddiioniretetctocaane, as ar; an() pbdeholdeh all mliityitiaaterovsecurrsrwforlevinioninitsiontt tmapossessreano adeheheleclecisiontottot ot acon wr or ner re‐edirector.	hefachafollowhisdaiontt tt wtterecommen:…('DinionireSeleciondSuionectctots2.3ranccess') olanf oPingCoGoStaORtetemtnurrporavernanceenhlocisionattat:_locherInsatiertone

Corp	l rdaGoCoiionattorevernanceuncecommen	hafollowd thedafullfoheWionintr teveerecommenholef theiod abohadisclod …Wwoperveevese	hafollowd thedaWNOTioninteveerecommenfullfoheholef theiod abohaWtrwoperveevedlodiscse…
1.3	ld eholdhaAistityittntntesuvea wrenagreemehhdd sitireioriveingctotsetttweacr anenexecuouhef their aintttnterms oppome	hefachafollowhdaisiontt tt wtterecommen:…('DdudinionireInionCoinuingectctoctnts2.4randu') of oEionCoGoStaORcattetemturrporavernanceenhlocisionattat:_locherInsatiertone
1.4	hef ald eholdbeTistityretntcompanysecaryoesubledirelyhebod,hrh thetacttottaccounaroughall mdoh their,itatttoconaerswproperfunf thebod.ioningctoar	hefachafollowhdaisiontt tt wtterecommen:…('Re') oinionibilitiesf oCoecttes1.1sponsurrporaGoStaORtemtvernanceenhlocisionattat:_locherInsatiertone
1.5	ld ehold:Aistityntesu(a)hadlhhludeiveityicyicincvearspowsforhebodlevirentttrequmesarorareanfhebodbleittttosetcommeeoarmeasurabforhdedd tjiveievingiveityectosacgenrrsanollybohhebdhejivettecttassessannuaosan's phheityinievingttenrogressacm;()bdiscloshalicyfit;de tt poora summaryoan(c)dloshedf ehdiscingiot torte as aenoacrepperheblebforhdejiveievingtectmeasuraosacgenrdbyhebodleviveitysetttrsarorareanf theboddah theittinitcommeeoaraccornce w'sdlddsityiveityicyitsts tenrspoanprogresowarhhed eheievingittacmanr:(1)heiveionfdtectortresppropsomenanhebod,iniorivettwomenonarsenexecud aheholeitionisaionttposs ancrossworgan(ludhohehadefd"seincingityineiorttwensn"forhe); oivettexecusepurposesr(2)f the"relevloy" udeiityistt eenaanmpernrhekplacGedelAcheWEqitytt,torenrua's"GdelityEqitytsttenmorecenenrua	hefachahadlhalhiveityicyiesittt tt wtt cevearspoompw…h(a):paragrap(') o'Df oinioniveityCoGoecttes5.1rsurrporavernanceStaORtemtenhlocisionattat:_locherInsatiertoned af odlfiveityicyit:ancopyourrspoora summaryo…hlocisionattat:he'Co' sef thebsTGoionSaitetectntrporavernanceooswehttho//w/w/coatntte‐ps:ww.saos.com‐we‐arerpora/governanceheblebjiveforhievingdediveitytectsetmeasuraosacgenrrs…byhebod olevf thebodittintt carr areanommeeoardahdld odsitiveityicys taccorncweourrspoanurprogresowarhheievingtacm:('D') of oinioniveityCoGoecttes5.1rsurrporavernanceStaORtemten

l rdaCoGoCoiionattrporevernanceuncecommen		hafollowd thedafullfoheWionintr teveerecommenholef thed abohadlod …ioWiscwoperveevese	hafollowd thedaWNOTioninteveerecommenfullfoheholef thed abohaioWtrwoperveevedlodiscse…
	d",defddblhedInicaineinistorsasanpudehaActtt.unr	hlocisionattat:locherInsatiertoned theforferd ths(c)(1) o(2):inionintanmarereoparagrapr…(') o'Df oinioniveityCoGoecttes5.1rsurrporavernanceStaORtemtenhlocisionattat:locherInsatiertone
61.	ld ehold:Aistityntesu(a)haddlosfordllyiscioicaveaneaprocessperluaheforf thebod,ingitsttevapermanceoardddulddittiniviirectocommeeasnars;an()bdloslathd,iscinioningiotoorte,reeacrepperheheforluaionttwrapermanceevawasdekehediningioinrtatortunnrepperdahhaittt paccorncwerocess.	heluaferd th(a):ioninttevaprocessrereoparagrap…('ReinioniewfBod,BodCoittdects2.5voararmmees an') oforf oDireCoGoctoteprermanceurrporavernanceStaORtemtenhlocisionattat:locherInsatiertoned theforferd th(b):inionintanmarereoparagrap…('Refd,dCodinioniewBoBoittects2.5voararmmees anfor') of oDireCoGoctoteprermanceurrporavernanceStaORtemtenhlocisionattat:Inslocatiherertone

l rdaCoGoCoiionattrporevernanceuncecommen		hafollowd thedafullfoheWionintr teveerecommenholef theiod abohadisclod …Wwoperveevese	hafollowd thedaWNOTioninteveerecommenfullfoheholef theiod abohaWtrwoperveevedlodiscse…
1.7	ld ehold:Aistityntesu(a)haddlosfordllyiscioicaveaneaprocessperluaheforfingitsiorttevapermanceosendivetexecus; an()bdisclosinlationhingiod,toorte,reeacrepperheheforluaionttwrapermanceevawasdekehediningioinrtatortunnrepperdahhaittt paccorncwerocess.	(a):heluaferd thioninttevaprocessrereoparagrap…('Rebl') of oinioniiitiesCoecttes1.1sponsurrporaGoStaORtemtvernanceenhislocionattat:locherInsatiertone():d theforferd thbinionintanmarereoparagrap…('Rebl') of oinioniiitiesCoecttessponsurrpora1.1OGoStaRtemtvernanceenhlocisionattat:locherInsatiertone

Corp	l rdaGoCoiionattorevernanceuncecommen	hafollowd thedafullfoheWionintr teveerecommenholef thed abohadlod …ioWiscwoperveevese	hafollowd thedaWNOTioninteveerecommenfullfoheholef thed abohaioWtrwoperveevedlodiscse…
PRIN	OOCIPLESTRUCTURETHEBARDTADDVALU2‐	E
2.1	hebod of ald ehold:Tistityntaresu(a)hainaionitthich:tvea nomcommeew(1)haleahrbefjitytstts aeememrs,amaorohodededdinirentctowmarepenrs;an(2)ishairedbyindededirentctocanpenr,ddlosiscane:(3)hehaf theitttrtecr ocommee;(4)hebef theditttmemrsocommee; an(5) ahedf ehd,heingiot tortts aenoacrepperbefheimitttttnumroescommeemehrhoheddheddulioinivitutttougperanadafhebehoatttattenncesomemrsseOingRetmes;()bifitdohainaionittttesnovea nomcommee,dloshafacdheloyiscit ettt atenprocessesmpsddrbodd tionisstoaessarsuccessues anohahebodhaheiattt ts tensurearapproprebalanf sklls,knledgiienceoowe,experce,dededdbleiniveityit ttopennce anrsenaodhadud rbliscitsiesiiitiestrgeanesponsffecly.ivete	[(a):]f thelh phIityiesittencompwaragraphefachahahalinaionittiestt tt wttt cevea nomcommeeomp…(1) a(2):ithhsdwparagrapn(') o'Roledff oinionAcivitiesCoittectts3.1anommeesurCoGoStaORtetemtrporavernanceenhlocisionattat:_Inslocatiherertoned af thehaf theittrteancopyocr ocommee:…hlocisionattat:he'Co' sef thebsTGoionSaitetectntrporavernanceooswehtt//w/who/coatntte‐ps:ww.saos.com‐we‐arerporaf‐the‐bod/coitt/governancemmees‐oard theforferd ths(4) ad(5):inionintanmarereoparagrapn…(') o'RoledfinionAcivitiesCoittectts3.1anommeesurCoGoStaORtetemtrporavernanceenhlocisionattat:beOnf theAnlRehichMe8‐98ortmrs:pageso201nuap, wbed atcanaccessehtt//w/inv/coing/ntestortps:ww.saos.comorsmpany‐repd adaf thelMeingOnAn8etttes annncespage 1o20nua:71hh cbed aReicorttp, wanaccessehtt//w/inv/coing/ntestortps:.saos.comorsmpanrepwwy‐
2.2	ld eholdhaddlosbodAistityiscntesuveane aarkillsixingheixf skillsdatrettt tsmsoumoandhahebod clyhalookiveityisingtt ttrsarurrens orhbehievinitsip.toacememrs	bod skllsiix:trourarma…('Bodbl') of oinionCaiitiesCoecttes2.2arpaurrporaGoStaORtemtvernanceenhislocionattat:_locherInsatiertone

Corp	il rdaionGoCoattorevernanceuncecommen	hafollowd thedaioninfullfoheWtr teveerecommenholef thed abohadlod …ioWiscoperveevesew	haOfollowd thedaioninWNTteveerecommenfullfoheholef thed abohaioWtroperveevewdisclodse…
2.3	Alistd eityholddisclosntesue:(a)hef theddedbyheireitctotnames orsconsrebodbededediniretntctoaropenrs;()bf adhaiireintitioniationctost,rs anerepos, assoclathf thedebedionipiinBotyorresopescrx 2.3buhebodf thehadoisinionittttttaroopesnohededef thediseiniretctocomprompennce or,hef theintitioniationtatust,nreoerepos, assoclathd alanfionipinionionstatorresqueann expohyhebodf thadisiniontt owarop; an(c)helenh of sf ehdiceirettctogervoacr.	hef thedireidedbyhebod tbetctotnames orsconsrearo…dededinirentctopenrs:('BoiniondCoitiondDireectctos2.1armposanr') odedef oInCoGoStatetemtpennceurrporavernanceenADNhlocisionattat:he'Ledeh' phebsTipTeSaiten tntatarsamage ooswehttholeadeh//w/w/ip‐/ntteaps:ww.saos.com‐we‐arersmhelble,heforferd thicainioninttwreappmarereoparagrap…(b):('BodCodinionitionDireectctos2.1armposanrdede') of oInCoGoStatetemtpennceurrporavernanceenORhlocisionattat:_locherInsatiertonehelenh of sf ehdiceirettctogervoacr:…inCoGoStaORtetemtourrporavernanceenhlocisionattat:f thelhh cbeOn8‐98AnReicortpageso201nuap, wandhtt//w/inv/cotntestaccesseaps:ww.saos.comorsmpany‐ing/ortrep
2.4	f thebod of ald eholdbeAjityistityntmaoroaresudededinirentctopenrs.	hefachafollowhdaisiontt tt wtterecommen:…('BoddinionCoitionDireectctos2.1armposanrdede') of oInCoGoStatetemtpennceurrporavernanceenORhlocisionattat:_locherInsatiertone

Corp	il rdaionGoCoattorevernanceuncecommen	hafollowd thedaioninfullfoheWtr teveerecommenholef thed abohadlod …ioWiscoperveevesew	haOfollowd thedaioninWNTteveerecommenfullfoheholef thed abohaioWtroperveevewdisclodse…
2.5	hehaf thebod of ald eholdbeTir oistityntcaresudededd,larholdinireinicuntctoartanpenr anp, subehehef theCEOityttttnosame personasoen	hefachafollowhdaisiontt tt wtterecommen:…('BoddinionCoitionDireectctos2.1armposanr') odedef oInCoGoStaORtetemtpennceurrporavernanceenhislocionattat:_locherInsatiertone
62.	Alistd eityholdhaforinduingntctesuvea programdd pdefeslireiiationctonewrsanrovappropre prosadelopitiesfordiredelopntortctotovemeoppunrsvedhekllsdknledgdedintinittoanmaasanowe neeforheledffecly.ir rireivetctotpermoasrse	hefachafollowhisdaiontt tt wtterecommen:…('DdudinionireInionCoinuingectctoctnts2.4ran') oduf oCoGoStaOEionRcattetemturrporavernanceenhlocisionattat:_Inslocatiherertone
PRIN	CIPLEACTETHICALLYANDRESPONSIBLY3–
3.1	ld ehold:Aistityntesu(a)hadef cduforditsireiorctctovea cooonrs,sendloydivetexecuasnempees; an(b)dloshadefiscit.e tt coora summaryo	def cdufit:ctour cooonora summaryo…inCoGoStaORtetemtourrporavernanceenhlocisionattat:he'CoGo' sef theSabsTionitetectntrporavernanceooswehttho//w/w/coatntte‐ps:.saos.come‐arerporaww‐w/governance
PRIN	CIPLESAFEGUARDINTEGRITYINCORPORAT4–	EREPORTING
4.1	hebod of ald ehold:Tistityntaresu(a)hadhh:it citticveanauommeew(1)haleahrbell of whotstts aeememrs,amareddfiveirejitytctonon‐execursanamaorohodededdinirentctowmarepenrs;an(2)hadbydededhois cireinireisntctoanpenr, whehaf thebod,ir ottnocarddlosiscane:(3)hehaf theitttrtecr ocommee;	hefachahadhalhit cittiesittt tt wtt ceveanauommeeompw…hs(1) ad(2):paragrapn(') o'RoledfCof oinionAcivitiesittectts3.1anommeesurCoGoStaORtetemtrporavernanceenhlocisionattat:_locherInsatiertoned af thehaf theittrteancopyocr ocommee:…hlocisionattat:

Corp	il rdaionGoCoattorevernanceuncecommen	hafollowd thedaioninfullfoheWtr teveerecommenholef thed abohadlod …ioWiscoperveevesew	haOfollowd thedaioninWNTteveerecommenfullfoheholef thed abohaioWtroperveevewdisclodse…
	(4)helevlificaiond eienftt qtreanuas anxperceohebef theditttmemrsocommee; an(5)lathd,heinioningiotoorttreeacrepperbefheimitttttnumroescommeemehrhoheddheddulioinivitutttougperanadafhebehoatttattenncesomemrsseOingRetmes;()bifitdohaditittdisclostesnoveanaucommeee,hafacdheloyhaitttttttanprocessesempsdedelyfyd sfegd theiniintityntpenveranauaregrfludheitsingincingteorttocorporarep,forhedl ofinttntprocessesappomeanremovahel addhef theditoionittxtetrotaternaur anoaut partengagemenner.	he'Co' sef thebsTGoionSaiteattectntrporavernanceooswehtt//w/who/contte‐ps:ww.saos.com‐we‐arerporaf‐the‐bod/coitt/governancemmees‐oar(4) a(5):d theforferd thsdinionintanmarereoparagrapn…inCoGoStaORtetemtourrporavernanceenhlocisionattat:lff thelQiicaionOnAnRe8‐98tortuas:pageso201nuap,hhbed aictwcanaccessehtt//w/inv/coing/ntestortps:ww.saos.comorsmpany‐repd adaf thelMeingOnAn8etttes annnces:page 17o201nuahh cbed aReicorttp, wanaccessehtt//w/inv/coing/ntestortps:.saos.comorsmpanrepwwy‐
4.2	hebod of ald ehold,beforTistityitntaresuehe'sfl sforityinaiatttattsapprovesenncemenafld,frodinaiaioiveitsCEOCFOncperrecemanadelarhaheheflioninir oinioninaiaattt,ttcpnc,dsf thehabelyityntrecoroeveenproperintinedd thahefinaial st ttattsmaaanncemenlyh thedadsitiatingtstacompwappropre accounnrddfaf thefliveir viewinaiaa tangrue anoncd pforf thed thaheitionitytt tposanermance oenanhabeford ohebaf adinionisn topsenmesosounf rk mdl clisintstet atrosymoanagemennernaonhhffecly.icisingivettwoperae	hefachafollowhdaisiontt tt wtterecommen:…(') o'Cdf oinionEOCFOAsCoecttes4.3ansuranceurrporaGoStaORtemtvernanceenhlocisionattat:_locherInsatiertone
4.3	ld ehahahold ehaAistityAGMnttte ttes ansunsurl addsdlableitsitoitsAGMis aixtetteernaur ananvafroholdelevionitytosttanswer quesmsecurrsreanhedit.totau	hefachafollowhdaisiontt tt wtterecommen:…('MinionkeCoicaiondCoinuectttnts5.4armmunanouslos') of oDiscCoGoStaORtetemtureurrporavernanceenhlocisionattat:_locherInsatiertone

l rdaCoGoCoiionattrporevernanceuncecommen		hafollowd thedafullfoheWionintr teveerecommenholef thed abohadlod …ioWiscwoperveevese	hafollowd thedaWNOTioninteveerecommenfullfoheholef thed abohaioWtrwoperveevedlodiscse…
PRIN	OCIPLEMAKETIMELYANDBALANCEDDISCL5–	SURE
5.1	Ald ehold:istityntesu(a)halforlyhitticyingititsveawrenpocompwdlosbldeheinuiscigionntattcoousureosunrlesdListingRu; an(b)dloshalfiscicyit.e tt poora summaryo	dlosllinuiscianicytour conousure compcepoora summary…fit:oinCoGoStaORtetemtourrporavernanceenhlocisionattat:hekeCodColosTMaicaioninuDiscttntrmmunanousurelbefoudhe'Co' sePoicyinGoionttectcannrporavernancefhebshtthoSaite//w/wtntatntoosweps:ww.saos.com‐we‐/co/te‐arerporagovernance
PRIN	CSCGSOSCOIPLE6 –REPETTHERIHTFEURITYH	SLDER
6.1	Alistd eityhold pideinforionbonttutesurovmaalfdbsitsitsinviaitsitetoesteangovernanceorsvwe	inforionbod obsitetutmaausanurgovernanceonour we:…hlocisionattat:hebshttd aTSaite//w/ antatnttosweps:ww.saos.comnhttho//w/w/contte‐ps:ww.saos.com‐we‐arerpora/governance
6.2	ld eholddedlemAistityigimntt aesusn anpenninvlationfacilitaffeciveesttotetorrepsrogramehicaionitinvtwtesto‐waycommunwors	hefachafollowhdaisiontt tt wtterecommen:…('MkeCodCoinionicaioninuectttnts5.4armmunanouslos') of oDiscCoGoStaORtetemtureurrporavernanceenhlocisionattat:_locherInsatiertone
6.3	ld eholddlosheldAistityisciciesnte tesupoanhalacfacld eitiniitae tteprocessesspoanncouragef sholdeicipioningityartatatetpmes oecurrs.	ld pforfacld eiciesiitaingingtour poanrocessesanncourag…f sholdeicipioningityartatatetpmes oecurrs:('MkedinionCoicaionCoinuectttnts5.4armmunanouslos') of oDiscCoGoStaORtetemtureurrporavernanceenhlocisionattat:_locherInsatiertone

Corp	l rdaGoCoiionattorrnanunommenevececec	hafollowd thedafullfoheWionintr tremmeneveecoholef theiod abohadisclod …Wwoperveevese	hafollowd thedaWNOTionintremmeneveecofullfoheholef theiod abohaWtrwoperveevedlodiscse…
6.4	ld ehold gholdeheAistityiveitynttesusecurrsioniveicaionfrod sdttotoprececommunsm,anenhedicaionityitsityttttcommunso,enansecurleclly.isticatroregryen	hefachafollowhdaisiontt tt wtterecommen:…('MkeCodCoinionicaioninuectttnts5.4armmunanouslos') of oDiscCoGoStaORtetemtureurrporavernanceenhlocisionattat:_locherInsatiertone
PRIN	OCIPLERECGNISEANDMANAGERISK7–
7.1	hebod of ald ehold:Tistityntaresu(a)hak,ittittiss tvea commeeorcommeeo oversee rhf whh:iceaco(1)haleahrbefjitytstts aeememrs,amaorohodededdinirentctomarepenrs;anw(2)hadbydededisireinirentctocanpenr,ddlosiscane:(3)hehaf theitttrtecr ocommee;(4)hebef theditttmemrsocommee; an(5) ahedf ehd,heingiot tortts aenoacrepperbefheimitttttnumroescommeemehrhoheddheddulioinivitutttougperanadafhebehoatttattenncesomemrsseingORetmes;()bfdohakiitisitttesnovearcommeeor(a) aitthaisfybodiscloshatt sate ttcommeesve,facdheloyforit eingttanprocessesmpsoverseehe's rk mfrak.ityistntteanagemenmewor	hefachahaittitttt tt ws tevea commeeorcommeeo oversee…(1) a(2):iskhalyith phsdtt crompwaragrapn(') o'Roledff oinionAcivitiesCoittectts3.1anommeesurCoGoStaORtetemtrporavernanceenhlocisionattat:_Inslocatiherertoned af thehaf theittrteancopocr ocommeey:…hlocisionattat:he'Co' sef thebsTGoionSaiteattectntrporavernanceooswehttho//w/w/contte‐ps:.saos.come‐arerporaww‐w/coittf‐the‐bod/governancemmees‐oar(4) a(5):d theinforionferd tinhsdtanmarereoparagrapn…inCoGoStaORtetemtourrporavernanceenhlocisionattat:bef thelhhMeOn8‐98AnReicortmrs:pageso201nuap, wbed atcanaccessehtt//w/inv/coing/ntestortps:ww.saos.comorsmpany‐repd adaf thelMeingOn8Anetttes annnces:page 17o201nuahh cbed aReicorttp, wanaccessehtt//w//co/invingntestortps:ww.saos.comorsmpany‐rep

Corp	l rdaGoCoiionattorevernanceuncecommen	hafollowd thedafullfoheWionintr teveerecommenholef theiod aboWhadisclod …woperveevese	hafollowd thedaWNOTioninteveerecommenfullfoheholef theiod aboWhatrwoperveevedlodiscse…
7.2	hebod of thebod shold:Tittarr acommeeoaru(a) rhe's rk mfrakiewityistttevenanagemenmeworleallyfylf thaisitsitatsttosattannuaeinubed;dnttcoesosounan()bdisclosinlationh ringiod,toorte,reeacepperhehehhakelaciewts twsrucarevan pe.	hefachafollowhdaisiontt tt wtterecommen:…('RklesdinionisMaRoectts4.1nagemenan') oblf oReiiitiesCoGoStatetemtsponsurrporavernanceenORhlocisionattat:_locherInsatiertone
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PRIN	CAAADSOSBIPLE8 –REMUNERTEFIRLYNREPNI	LY
8.1	hebod of ald ehold:Tistityntaresu(a)hahh:ionittictvea remuneracommeew	hefachahahaionitttt tt wtttevea remuneracommee…lh phs(1) ad(2):iesitcompwaragrapn

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CoGoCoil rdaionattrporevernanceuncecommen		Whafollowd thedaioninfullfohetr teveerecommenholef thed abohadlodioWiscwoperveevese…	WhaOfollowd thedaioninNTteveerecommenfullfoheholef thed abohaioWtrwoperveevedisclodse…
8.3	ldhhha‐badAistityicityteenwsanequsehehold:iontremunerascmesu(a)halicyheheiciptarttsveapoonwrpanare(wdheheittintiontotertraacttpermeenonssr)hrhhefdeivaiveheisetttotouguseorsorrwhhlhek of picimit ticisicipinginartatweconomrhehedtscme; an(b)dloshalfiscicyit.e tt poora summaryo	lhficyisissit:tour poonueora summaryo…(') o'Sellf oinionitiesDeingPoicyCoecttes5.3curaurrporaGoStaANDtemtvernanceenhlocisionattat:he'Co' sef thebsTGoionSaitetectntrporavernanceooswehttho//w/w/coatntte‐ps:ww.saos.com‐we‐arerpora/governance