SANTOS LIMITED — Share Issue/Capital Change 2021

Oct 14, 2021

Announcement Summary

Entity name

SANTOS LIMITED

Date of this announcement

Friday October 15, 2021

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
STOAZ	SHARE ACQUISITION RIGHTS SHAREMATCH	290,183	31/08/2021

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

SANTOS LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type ABN

Registration number 80007550923

1.3 ASX issuer code STO

1.4 The announcement is

New announcement

1.5 Date of this announcement

15/10/2021

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

has an existing ASX security code ("existing class")

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to

ASX in an Appendix 3B

ASX +security code and description

STOAZ : SHARE ACQUISITION RIGHTS SHAREMATCH

Date the +securities the subject of this notification were issued

31/8/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? No

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

A summary of the Santos employee share-based payment plans is included in section 7 of the Financial Report in Santos' 2020 Annual Report (accessible at https://www.santos.com/wp-content/uploads/2021/02/2020-Annual-Report.pdf)

Any other information the entity wishes to provide about the +securities the subject of this notification

The issue of securities occurred on various dates in the period since the last notification.

Issue details

Equity Securities

Number of +securities 290,183

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities ofthe entity will comprise:(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than oneapplication for quotation/issuance currently with ASX for processing.)
4.1 Quoted +Securities (Total number of each +class of +securities quoted)
ASX +security code and description	Total number of+securities on issue
STO : ORDINARY FULLY PAID	2,083,066,041
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
ASX +security code and description	Total number of+securities on issue
STOAY : SHARE ACQUISITION RIGHTS	15,659,320

STOAZ : SHARE ACQUISITION RIGHTS SHAREMATCH	2,486,698
STOAM : ORDINARY PARTLY PAID TO 1C, 24C UNPAID PLAN 0	5,000

STOAO : ORDINARY PARTLY PAID TO 1C, 24C UNPAID PLAN 2 5,000

Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

290,183
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5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No