Oil Search : Appendix 3Y - Change of Director's Interest Notice - Peter Botten

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	OIL SEARCH LIMITED
ABN	055 079 868

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director

for the purposes of section 205G of the Corporations Act.

Name of Director	MR PETER BOTTEN
Date of last notice	21 MAY 2019

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed

in this part.

	Direct or indirect interest	DIRECT AND INDIRECT
	Nature of indirect interest	NA
	(including registered holder)
	Note: Provide details of the circumstances giving rise to the relevant
	interest.
	Date of change	2 JANUARY 2020
	No. of securities held prior to change	(A) 2,625,296 ORDINARY SHARES
		(COMPRISING 1,214,531 DIRECTLY HELD
		SHARES AND 1,410,765	INDIRECTLY
		HELD SHARES)
		(B) 480,936 RESTRICTED SHARES
	Class	ORDINARY SHARES (DIRECTLY HELD)
		RESTRICTED SHARES
	Number acquired	252,694 ORDINARY SHARES	(DIRECTLY
		HELD)
	Number disposed	252,694 RESTRICTED SHARES
	Value/Consideration	A$7.22 (PER ORDINARY SHARE)
	Note: If consideration is non-cash, provide details and estimated
	valuation

• See chapter 19 for defined terms.
  01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

No. of securities held after change	(A) 2,877,990 ORDINARY SHARES
	(COMPRISING 1,467,225 DIRECTLY HELD
	SHARES AND 1,410,765 INDIRECTLY
	HELD SHARES)
	(B) 228,242 RESTRICTED SHARES
Nature of change	VESTING OF 252,694 RESTRICTED SHARES,
Example: on-market trade, off-market trade, exercise of options, issue	BEING THE MANDATORY DEFERRAL OF
of securities under dividend reinvestment plan, participation in buy-	50% COMPONENT OF 2017 SHORT TERM
back
	INCENTIVE AWARD GRANTED
	FOLLOWING SHAREHOLDER APPROVAL
	AT THE 2018 ANNUAL MEETING

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed

in this part.

	Detail of contract	NA
	Nature of interest	NA
	Name of registered holder	NA
	(if issued securities)
	Date of change	NA
	No. and class of securities to which interest	NA
	related prior to change
	Note: Details are only required for a contract in relation to which the
	interest has changed=
	Interest acquired	NA
	Interest disposed	NA
	Value/Consideration	NA
	Note: If consideration is non-cash, provide details and an estimated
	valuation
	Interest after change	NA
	Part 3 - +Closed period
	Were the interests in the securities or contracts	NO
	detailed above traded during a +closed period
	where prior written clearance was required?
	If so, was prior written clearance provided to	NA
	allow the trade to proceed during this period?
	If prior written clearance was provided, on what	NA
	date was this provided?

+ See chapter 19 for defined terms.

Appendix 3Y Pag e 2

01/01/2011