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Santos notes media speculation in relation to its 18% interest in the Brantas Production Sharing Contract in Indonesia.

Santos can confirm that discussions are underway with the operator, Lapindo Brantas Inc, regarding a practical and appropriate resolution of Santos’ involvement in the PSC as a minority participant with no operating or controlling rights.

These discussions are consistent with Santos’ previously stated belief that such a resolution would ultimately be reached amongst the relevant parties.

It is important to note that these discussions are not complete and there can be no certainty of an outcome.