Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I American Depositary Receipt Program of Santos Limited

March 21, 2018

NEW YORK–(BUSINESS WIRE)–Deutsche Bank announced today its appointment as depositary bank for the
sponsored Level I American Depositary Receipt Program of Santos Limited
(OTC: SSLZY).

Santos is an oil and gas production company which supplies energy for
homes, businesses and major industries across Australia and Asia. Santos
has a large exploration and production acreage, extensive infrastructure
and a portfolio of liquefied natural gas, pipeline gas and oil assets.
It is listed on the Australian Securities Exchange and is headquartered
in Adelaide, South Australia.*

“We are pleased to have been appointed as depositary bank for Santos’
Level I American Depositary Receipt program,” said Naomi Flutter, Head
of Trust and Agency Services for APAC at Deutsche Bank. “We look forward
to providing our high quality client service and dedicated support to
help drive the program’s future success.”

In addition to specializing in administering cross-border equity
structures such as American and Global Depositary Receipts, Deutsche
Bank provides corporates, financial institutions, hedge funds and
supranational agencies around the world with trustee, agency, escrow and
related services. The Bank offers a very broad range of services for
diverse products, from complex securitizations and project finance to
syndicated loans, debt exchanges and restructurings.

* This information was provided by Santos Limited (March 2018).

About Deutsche Bank:

Deutsche Bank provides commercial and investment banking, retail
banking, transaction banking and asset and wealth management products
and services to corporations, governments, institutional investors,
small and medium-sized businesses, and private individuals. Deutsche
Bank is Germany’s leading bank, with a strong position in Europe and a
significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US
Securities Act of 1933 (the "Act"). The investment or investment service
which is the subject of this notice is not available to retail clients
as defined by the UK Financial Conduct Authority. This notice has been
approved and/or communicated by Deutsche Bank AG New York. The services
described in this notice are provided by Deutsche Bank Trust Company
Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in
accordance with appropriate local registration and regulation. Deutsche
Bank is providing the attached notice strictly for information purposes
and makes no claims or statement, nor does it warrant or in any way
represent, as to the accuracy or completeness of the details contained
herein or therein. This announcement appears as a matter of record only.
Neither this announcement nor the information contained herein
constitutes an offer or solicitation by Deutsche Bank or any other
issuer or entity for the purchase or sale of any securities nor does it
constitute a solicitation to any person in any jurisdiction where
solicitation would be unlawful. No part of this notice may be copied or
reproduced in any way without the prior written consent of Deutsche
Bank. Past results are not an indication of future performance.
Copyright © March 2018 Deutsche Bank AG. All rights reserved.