ASX Security code and description of the class of +securities the subject of the buy-back
STO : ORDINARY FULLY PAID
The type of buy-back is:
On market buy-back
Total number of +securities bought back before previous day
16,869,317
Total number of +securities bought back on previous day
460,888
Refer to next page for full details of the announcement
Notification of buy-back
1 / 6
Notification of buy-back
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
SANTOS LIMITED
We (the entity named above) provide the following information about our buy-back.
1.2
Registration number type
Registration number
ABN
80007550923
1.3
ASX issuer code
STO
1.4 The announcement is
Update/amendment to previous announcement
1.4a Type of update
Daily buy-back notification
1.4b Reason for update
Daily buy-back notification
1.4c Date of initial notification of buy-back
20/4/2022
1.4d Date of previous announcement to this update
20/5/2022
1.5 Date of this announcement
25/5/2022
1.6 ASX Security code and description of the class of +securities the subject of the buy-back
STO : ORDINARY FULLY PAID
Notification of buy-back
2 / 6
Notification of buy-back
Part 2 - Type of buy-back
2.1 The type of buy-back is: On market buy-back
For personal use only
Notification of buy-back
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Notification of buy-back
Part 3 - Buy-back details
only
Part 3A - Details of +securities, price and reason
3A.1 Total number of +securities on issue in the class of
+securities to be bought back
3,386,921,635
use
3A.4 Does the entity intend to buy back a minimum
number of +securities
No
3A.5 Does the entity intend to buy back a maximum
number of securities
No
personal
3A.6 Name of broker or brokers who will offer to buy back +securities on the entity's behalf
Broker name:
Citigroup Global Markets Australia Pty Limited
3A.9 Are the +securities being bought back for a cash consideration?
Yes
3A.9a Is the price to be paid for +securities bought back known?
No
3A.9a.1 In what currency will the buy-back consideration
be paid?
AUD - Australian Dollar
For
Part 3B - Buy-back restrictions and conditions
3B.1 Does the buy-back require security holder approval?
No
Notification of buy-back
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Notification of buy-back
Part 3C - Key dates
only
On-marketbuy-back
3C.2 Proposed buy-back start date
5/5/2022
3C.3 Proposed buy-back end date
use
30/12/2022
personalFor
P rt 3D - Other Information
3D.1 Any other information the entity wishes to notify to ASX about the buy-back
Santos intends to buy-back up to US$250 million of its fully paid ordinary shares under the on-marketbuy-back.
Notification of buy-back
5 / 6
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Santos Ltd. published this content on 24 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2022 22:52:08 UTC.
Santos Limited is focused on three regional business unit, including Cooper Basin, Queensland and New South Wales (NSW) and (PNG), now form the Eastern Australia and PNG Business Unit, Northern Australia and Timor-Leste, and Western Australia now form the Western Australia, Northern Australia and Timor-Leste Business Unit and Alaska is the third regional Business Unit. Supporting these three business units are two functional divisions: Santos Energy Solutions and Upstream Gas and Liquids. The Cooper Basin produces natural gas, gas liquids and crude oil. Gas is sold primarily to domestic retailers, industry and for the production of liquefied natural gas, while gas liquids and crude oil are sold in domestic and export markets. Its GLNG project in Queensland produces liquefied natural gas (LNG) for export to global markets from the LNG plant at Gladstone and is also sold to the domestic market. Northern Australia and Timor-Leste is centered on the Bayu-Undan/Darwin LNG (DLNG) project.