SANTOS LIMITED — Major Shareholding Notification 2021

Nov 29, 2021

Pendal Group Limited

Level 14, The Chifley Tower 2 Chifley Square Sydney NSW 2000 Australia ABN 28 126 385 822

Company Announcements Platform Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000

30 November 2021

Dear Sir/Madam,

Re: Notice of Ceasing to be a Substantial Holder

In accordance with section 671B of the Corporations Act 2001 (Cth), we attach a Notice of Ceasing to be a Substantial Holder (Form 605) in respect of Santos Limted ( STO ).

Yours faithfully

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Joanne Hawkins Group Company Secretary

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{00015758.docx}

Form 605

Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder To Company Name/Scheme SANTOS LIMTED ACN/ARSN

SANTOS LIMTED ACN 007 550 923

1. Details of substantial holder(1)

Name PENDAL GROUP LIMITED (PDL) ACN/ARSN (if applicable) ACN 126 385 822 The holder ceased to be a substantial holder on 26/11/2021 The previous notice was given to the company on 10/11/2021 The previous notice was dated 12/11/2021

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 of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person’s votes affected
26/11/2021	Pendal Group Limited & its Associates, Pendal Fund Services Limited, Pendal Institutional Limited and Thomson Siegel & Walmsley LLC	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'

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 the voting interests of the company or scheme are as follows:

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

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4. Addresses

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

Name		Address
Pendal Group Limited		Level 14, Chifley Tower, 2 Chifley Square, Sydney NSW2000
Pendal Fund Services Limited		Level 14, Chifley Tower, 2 Chifley Square, Sydney NSW2000
Pendal Institutional Limited		Level 14, Chifley Tower, 2 Chifley Square, Sydney NSW2000
Thomson Siegel & Walmsley LLC		6641 West Broad Street, Suite 600
Santos Limited (STO)		The Company Secretary, Santos Limited Ground Floor Santos Centre 60 Flinders Street Adelaide SA 5000 Australia
Signature Print name Sign here
	Date 30/11/2021

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DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (e.g. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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ANNEXURE A

This is annexure ‘A' referred to in Form 605, Notice of ceasing to be a substantial holder, lodged for Pendal Group Limited ACN 126 385 822 and its associated entities

Joanne Hawkins– Company Secretary, Pendal Group Limited 30/11/2021

Sales & Purchases for the period: 11/11/2021 to 26/11/2021

SECURITY: STO

Pendal Fund Services Limited

Date 16/11/2021 26/11/2021	Registered Company Nature of Change Quantity Consideration Class of Securities Person’s votes affected HSBC Custody Nominees (Australia) Limited Sell -15,975 -108,848.07 Ordinary 15,975 HSBC Custody Nominees (Australia) Limited Sell -235,860 -1,581,186.63 Ordinary 235,860 Pendal Fund Services Limited -251,835 -1,690,034.70
Pendal Institutional Limited
Date 12/11/2021 Date 12/11/2021 Date 26/11/2021 26/11/2021 26/11/2021	Registered Company Nature of Change Quantity Consideration Class of Securities Person’s votes affected BNP Paribas Securities Services Sell -7,054 -48,545.71 Ordinary 7,054 Total -7,054 -48,545.71 Registered Company Nature of Change Quantity Consideration Class of Securities Person’s votes affected HSBC Custody Nominees (Australia) Limited Sell -17,758 -122,232.08 Ordinary 17,758 Total -17,758 -122,232.08 Registered Company Nature of Change Quantity Consideration Class of Securities Person’s votes affected J.P. Morgan Nominees Australia Pty Limited Sell -92,255 -618,470.17 Ordinary 92,255 J.P. Morgan Nominees Australia Pty Limited Sell -114,825 -769,777.65 Ordinary 114,825 J.P. Morgan Nominees Australia Pty Limited Sell -114,916 -770,387.70 Ordinary 114,916 Total -321,996 -2,158,635.52 Pendal Institutional Limited -346,808 -2,329,413.31

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Thomson Siegel & Walmsley LLC

Date 18/11/2021 Date 16/11/2021 16/11/2021

Registered Company Nature of Change Quantity Consideration Class of Securities Person’s votes affected Bank of New York Buy 50,800 339,272.88 Ordinary 50,800 Total 50,800 339,272.88 Registered Company Nature of Change Quantity Consideration Class of Securities Person’s votes affected State Street Sell -36,400 -248,994.20 Ordinary 36,400 State Street Sell -74,500 -509,289.45 Ordinary 74,500 Total -110,900 -758,283.65 Thomson Siegel & Walmsley LLC -60,100 -419,010.77

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