Santos notes speculation in media regarding the GLNG project in Queensland, Australia.

GLNG remains in detailed ongoing discussions with a number of parties in relation to potential LNG sales, equity in the project and collaboration between projects.

These discussions are incomplete and there is no certainty that definitive agreements will be executed by the parties.

The company will update the market as appropriate.

Gladstone Liquefied Natural Gas (GLNG®) is a pioneering project to convert coal seam gas (CSG) to liquefied natural gas, representing a major investment in a cleaner energy source for the future. The project is led by Santos, Australia's largest domestic gas producer, in partnership with PETRONAS, Malaysia's national oil and gas company and the world's second largest LNG exporter.

GLNG key facts • Drilling 2,650 wells over 25 years over 6,800sq km in the Surat and Bowen Basins • 435km of 42' diameter steel pipeline from Fairview gas fields to Gladstone • Three LNG train facility on Curtis Island with nominal capacity of 10mtpa • Export jetty and materials offloading facility on Curtis Island • A workers camp on Curtis Island to accommodate up to 1,500 construction personnel

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