SANTOS LIMITED — Major Shareholding Notification 2016

Nov 10, 2016

Form 605 Corporations Act 2001

Section 671B

Notice of ceasing to be a 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
The holder ceased to be a
substantial holder on		10/11/2016
The previous notice was given to the company on		15/12/2015
The previous notice was dated		15/12/2015

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 ofchange	Person whoserelevantinterestchanged	Nature ofchange $(4)$	Considerationgiven in relationto change $(5)$	Class (6) andnumber ofsecuritiesaffected	Person's votesaffected
10/11/2016	Santos Limited	End of restriction on the disposal ofshares under voluntary escrowarrangements under the subscriptionagreement dated 9 November 2015lbetween Santos Limited and United Faith IN/aVentures Limited which gave SantosLimited a technical relevant interest in itsown shares under section $608(1)(c)$ of theCorporations Act 2001 (Cth).		138,314,170ordinary shares	138.314.170

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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
IN/a____	IN/a

4. Addresses

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

Name	Address
ISantos Limited	Ground Floor Santos Centre, 60 Flinders Street, Adelaide, South Australia,15000 Australia

Signature

		print name David Thuan Jin Lim	capacity	Company Secretary
	sign here		date	11/11/2016
.