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Shareholders have re-elected Chair Keith Spence at the Annual General Meeting in Adelaide yesterday, indicating strong support for Santos’ strategy.

Mr Spence was re-elected as a Director with 93.5 per cent of shareholder votes in favour. The re-election of Dr Vanessa Guthrie AO was also strongly supported with 92.05 per cent of shareholder votes in favour or her re-election as a Director.

CEO and Managing Director Kevin Gallagher said the results indicated a high level of support for the strategic direction of the Company, which is set by the Board of Directors.

“I’m delighted to see strong endorsement from our shareholders for the re-election of both Mr Spence and Dr Guthrie,” Mr Gallagher said.

“This reflects support for Santos’ focus on sticking to our strategy, implementing our disciplined low-cost operating model and delivering sustainable returns for shareholders over the long term.

“I am confident we have the right strategy, organisation and people to prosper through the energy transition by backfilling and sustaining our existing infrastructure to supply the critical fuels our customers continue to demand, decarbonising our operations, and developing low-carbon fuels as markets evolve.”

Mr Gallagher thanked retiring Board members Peter Hearl and Dr Eileen Doyle for their contribution to the company and welcomed two new members to the Board – John Lydon and Vickki McFadden.

“Mr Hearl and Dr Doyle have both made valuable contributions to Santos, particularly in the area of sustainability, and have represented shareholders’ interests with distinction and integrity during their tenure,” Mr Gallagher said.

“I wish them every success in their future endeavours.

“Mr Lydon and Ms McFadden bring outstanding expertise and extensive experience to the Board in corporate sustainability and governance respectively.”

All AGM resolutions recommended by the Board were supported with more than 90 per cent of shareholder votes in favour. More details are available here.