SANTOS LIMITED — Major Shareholding Notification 2015

Dec 14, 2015

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Santos Limited
ACN/ARSN	007 550 932
1. Details of substantial holder (1)
Name	Santos Limited
ACN/ARSN (if applicable)	007 550 932
There was a change in the interests of the
substantial holder on		10/12/2015
The previous notice was given to the company on		23/11/2015
The previous notice was dated		23/11/2015

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary shares	140,593,737	$ 9.95\%$ (based on 1,412,973,850 ordinary shares on issue)	140,576,058	7.96% based on 1,765,551,235 ordinary shares on issue

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of Person's votes securities affected	laffected
10/12/2015	Santos Limited	Dilution of relevant interest following the issue of ordinary shares pursuant to the retail component of Santos Limited's fully N/A underwritten accelerated renounceable lentitlement offer.		N/A	N/A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest of securities		Person entitled as holder (8)	$\sim$ Registered holder $\vert$ to be registered Nature of relevant interest (6)	of securities	Class and number Person's votes
----------------------------------------------	--	----------------------------------	-----------------------------------------------------------------------------------	---------------	---------------------------------

Santos Limited	United Faith Ventures Limited	United Faith Ventures Limited	Restriction on disposal of shares under voluntary escrow arrangements under the subscription agreement dated 9 November 2015 between Santos Limited and United Faith Ventures Limited gives Santos Limited 138,314,170 a technical relevant interest in its own shares under section 608(1)(c) of the Corporations Act 2001 (Cth). However, Santos Limited has no right to acquire these shares or to control the voting rights attaching to these shares.	ordinary shares	138,314,170
Santos Limited	SESAP Pty Ltd	SESAP Ptv Ltd	SESAP Pty Ltd, which is a subsidiary of Santos Limited acts as trustee of the Santos employee share schemes, which gives Santos Limited a technical relevant interest in its own shares under section 608(3) of the Corporations Act 2001 (Cth).	2.261.888 ordinary shares	2,261,888

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Santos Limited	Ground Floor, 60 Flinders Street, Adelaide, SA 5000

Signature

	print name Peter Coates	capacity	Director
sign here	oate	date	15/12/2015