Santos Appoints David Knox as Chief Executive Officer and Managing Director

Tuesday, July 29, 2008

Santos today announced that David Knox, currently Acting Chief Executive Officer, has been appointed as Chief Executive Officer and Managing Director of Santos, effective immediately.

The Chairman of Santos, Stephen Gerlach, said: “We are delighted to appoint David to this role. His performance as Acting CEO has been impressive, and he has clearly demonstrated his enthusiasm and commitment to Santos and its strategic objectives.”

“An international executive search firm was retained, and Santos considered both internal and external candidates before the Board determined to appoint David,” Mr Gerlach said.

“David is the best person to lead Santos in its next phase of domestic and international expansion. His extensive industry experience and demonstrable leadership qualities resulted in his selection as the best candidate.”

Mr Knox said he was honoured the Board had chosen him to lead Santos.

“This is an exceptional company, with a great team and an excellent portfolio of current and future projects. I look forward to leading Santos through the exciting times ahead as we continue to pursue our vision of becoming the leading Australian company supplying energy to Australia and Asia,” he said.

“The recent finalisation of our Gladstone LNG partnership with PETRONAS and entering into FEED on the PNG LNG project underline the dramatic transformation taking place at Santos and is a clear demonstration of our ability to create long term shareholder value.”

David Knox joined Santos in September 2007 as Executive Vice President, Growth Businesses, responsible for growth in Santos’ emerging new businesses including LNG, Geoscience and New Ventures, Indonesia and other strategic projects. He became Acting CEO on 25 March 2008 upon the retirement of the former Chief Executive and Managing Director.

David has extensive global experience in the petroleum industry. He was previously Managing Director for BP Developments in Australasia from 2003 to 2007 and during his 25 year career, has also held senior positions with BP in Australia, the United Kingdom and Pakistan. He previously worked for ARCO and Shell in the United States, Netherlands, the United Kingdom and Norway.

He holds a first class honours degree in Mechanical Engineering from Edinburgh University and a Masters of Business Administration.

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