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Media enquiries Investor enquiries
Kathryn Mitchell Andrew Seaton
+61 8 8218 5260 / +61 (0) 407 979 982 +61 8 8218 5157 / +61 (0) 410 431 004
kathryn.mitchell@santos.com andrew.seaton@santos.com

Santos notes recent media speculation in relation to its potential involvement in the proposed PNG Gas Project.

Santos confirms that it is continuing to undertake due diligence on project data, and is engaged in negotiations and discussions with various stakeholders.

Definitive agreements relating to the project have not yet been concluded.

Santos stock symbols: STO (Australian Stock Exchange), STOSY (NASDAQ ADR), Ref #82-34 (Securities Exchange Commission)