SANTOS LIMITED — Transaction in Own Shares 2004

Sep 21, 2004

Rule 3.84

Appendix 3E

Daily share buy-back notice (except minimum holding buy-back and selective buy-back)

Information and documents given to ASX become ASX's property and may be made public. Introduced 1/9/99. Origin: rule 3.6, Appendix 7C. Amended 30/9/2001.

Name of entity	ABN
l Santos Limited	80 007 550 923

We (the entity) give ASX the following information.

Information about buy-back

Type of buy-back $\mathbf{1}$

Oп market buy-back οf Reset Convertible

$\overline{2}$ Date Appendix 3C was given to ASX

Preference Shares (Resets)

Total of all shares bought back, or in relation to which acceptances have been received, before, and on, previous day

24 August 2004

		Before previous day	Previous day
3	Number of shares bought back orif buy-back is an equal accessscheme, in relation to whichacceptances have been received	436,616 Resets	14,469 Resets
4	considerationpaidTotalΟГpayable for the shares	$45,844,680	$1,519,245

+ See chapter 19 for defined terms.

		Before previous day	Previous day
5	If buy-back is an on-market buy-back	highest price paid: $105date:	highest price paid: $105
		lowest price paid: $105	lowest price paid: $105
		date:	highestallowedpriceunder rule 7.33:$110.25

Participation by directors

6 Deleted 30/9/2001.

How many shares may still be bought back?

$\overline{7}$ If the company has disclosed an intention to buy back a maximum number of shares - the remaining number of shares to be bought back

3,048,915 Resets

Compliance statement

• $\mathbf{1}$ . The company is in compliance with all Corporations Act requirements relevant to this buy-back.
• $2.$ There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.

Sign here: ...................................... Company Secretary

Date: 22 September 2004

Print name: Wesley Jon Glanville

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+ See chapter 19 for defined terms.