DIRECTORS’ DECLARATION for the year ended 31 December 2004 In the opinion of the Directors of Santos Ltd: (a) the financial statements and notes, set out on pages 50 to 87, ar in accordance with the Corporations Act 2001, including: (i) giving a true and fair view of the financial position of the Compan y and consolidated entity as at 31 December 2004 and of their performance, as represented by the results of their operations and th eir cash flows, for the year ended on that date; and (ii) complying with Accounting Standards in Australia and the Corporation s Regulations 2001; and (b) there are reasonable grounds to believe that the Compan will be able to pay its debts as and when they become due and payable. In making this declaration, the Directors declare that declarations which satisfy the requirements of section 295A of the Corporations Act 2001 have been received from the Chief Executive Officer and Chief Financial Officer. Dated this 23rd day of February 2005. Signed in accordance with a resolution of the Directors: Ge a Director Director Annual Report 2004 88