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Santos Ltd announces that Santos Offshore Pty Ltd, a wholly-owned subsidiary of Santos Ltd, has reached agreement to jointly purchase with Woodside Energy Ltd the interests of The Shell Company of Australia Ltd in VIC/RL2, which contains the majority of the Kipper gas field in the Bass Strait.

The acquisition, which is subject to customary approvals, will result in the
Santos Group holding a total economic interest of approximately 20% in
VIC/RL2.