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Acting Managing Director Announced

Pursuant to Listing Rule 3.16.1, and confirmatory of advice provided to the Australian Stock Exchange on 13 March 2000, Mr Norman Ross Adler A.O. will retire as Managing Director and as a Director of Santos Ltd, effective 30 September 2000.

Pending the appointment of Mr Adlers successor, which appointment is expected to be announced shortly, Mr John Walter McArdle, Executive General Manager Commercial and Executive Director of Santos Ltd, is to be appointed Acting Managing Director, with effect from Mr Adlers retirement.

Mr McArdle joined Santos Ltd in 1982 and served as Executive General Manager Operations from 1984 to 1992 and has held the position of Executive General Manager Commercial since 1992. He was appointed Executive Director in September 1995. Prior to joining Santos Ltd, Mr McArdle was Managing Director of Delhi Petroleum Pty Ltd, a major participant in the Cooper Basin. Mr McArdle is a Director of QCT Resources Ltd and former Chairman of Australian National Railways Commission.