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Summary

Santos announced on 15 October 2010 a further issue of Euro denominated Fixed to Floating Rate Subordinated Notes to be consolidated and form a single series with the €700,000,000 Fixed to Floating Rate Subordinated Notes due 2070 issued on 22 September 2010. The Prospectus for the new Subordinated Notes has been approved by the United Kingdom Listing Authority and lodged with the London Stock Exchange.