SANTOS LIMITED — M&A Activity 2018

May 14, 2018

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Harbour Energy working with ENN and Hony

Houston, Sydney, 15 May 2018 - Harbour Energy Limited (“ Harbour” ) today announced that it is working with ENN Group (“ ENN” ) and Hony Capital (“ Hony” ) in relation to the affairs of Santos Limited (“ Santos ” or the “ Company ”). Harbour is seeking to agree terms with each of ENN and Hony in order to put forward a final proposal for the acquisition of Santos.

ENN and Hony together have a relevant interest of 15.11% of Santos shares, which is the largest single shareholding in Santos. They announced a strategic relationship with Santos on 27 June 2017, which remains in place.

Santos is one of the leading independent oil and gas producers in the Asia-Pacific region, supplying the energy needs of homes, businesses and major industries across Australia and Asia.

R. Blair Thomas, Chairman of Harbour said, “Harbour Energy has a compelling vision to be a leading player in Australia’s natural gas sector and in global LNG markets. It is a significant milestone to commit to work together with ENN and Hony in connection with our Santos proposal.”

Media contacts

Harbour Energy, EIG Global Energy Partners

Cato & Clegg Brett Clegg +61487436985 Melissa Patch +61412124195

About Harbour Energy

Harbour is a global oil & gas company founded by EIG Global Energy Partners ( EIG ). Different from typical private equity backed companies, Harbour is funded with permanent capital and has the objective to build a global portfolio of successful, growing, long term oil & gas businesses. Harbour’s first transaction – the acquisition of a US$3.0 billion package of producing assets in the U.K. North Sea – was completed in 2017. EIG specializes in private investments in energy and energy-related infrastructure. Since 1982, EIG has invested over US$25.3 billion in more than 320 portfolio investments across 36 countries on six continents. Further information on Harbour and EIG can be found at www.harbourenergy.com and www.eigpartners.com.