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SANTOS LIMITED Director's Dealing 2005

Dec 22, 2005

65872_rns_2005-12-22_0d538cb0-4245-4452-ae46-81e1507b98b5.pdf

Director's Dealing

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Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity SANTOS LTD
ABN 80 007 550 923

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director JOHN CHARLES ELLICE-FLINT
Date of last notice 02 SEPTEMBER 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest For 1,000,000 fully paid ordinary shares: anindirect interest;For 3,000,000 fully paid ordinary shares: a directinterest.
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest. Beneficial entitlement to 1,000,000 fully paidordinary shares held under a trust structure bySesap Pty Ltd.
Date of change 23 December 2005
No. of securities held prior to change 4,000,000 fully paid ordinary shares.
Class Fully paid ordinary shares.
Number acquired 1,000,000 fully paid ordinary shares transferred to adirect interest from an indirect interest.
Number disposed 1,000,000 fully paid ordinary shares transferredfrom an indirect interest to a direct interest.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation Nil.
No. of securities held after change 4,000,000 fully paid ordinary shares.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back At the end of the restriction period, transfer of theindirect interest in 1,000,000 fully paid ordinaryshares held under the terms of a trust structure bySesap Pty Ltd, such shares initially granted on 19December 2000.
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Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change