Listed on Australian Stock Exchange at 28 February 2005 wer 585,390,738 fully paid ordinary shares and 6,000,000 redeemable convertible preference shares. Unlisted were 67,250 partly paid Plan 0 shares 57,750 partly paid Plan 2 shares, 32,400 fully paid ordinary shares issued pursuant to the Santos Employee Share Purchase Plan (‘SESPP’) for General Employee P articipation and 178,027 fully paid ordinary shares issued pursuant to SESPP for Senior Executive Long Term Incentive. Also unlisted wer 50,000 fully paid ordinary shares issued consequent upon exercise of 50,000 options granted pursuant to the Santos Executive Share Option Plan, an appli cation for quotation of which has been lodged with the Australian Stock Exchange. There were: 79,423 holders of all classes of issued ordinary shares (including 9 holders of Plan 0 shares; 8 holders of Plan 2 shares; and 76 holders of SESPP shares) compared with 84,977 a year earlier; 15,479 holders of redeemable convertible preference shares; and 22 holders of the 5,438,972 options granted pursuant to the Santos Executive Share Option Plan. The listed issued ordinary shares plus the ordinary shares issued pursuan to SESPP represent all of the voting power in Santos. The holdings of the 20 largest holders of ordinary shares represent 52.65% of the total votin power in Santos (last year 48.2%) and the holdings of the 20 largest holders of redeemable convertible preference shares represent 43.08% of th e issued redeemable convertible preference shares. There is no current on-market buy-back. The 20 largest shareholders of fully paid ordinary shares in Santos as shown in the Company’s Register of Members at 28 February 2005 were: Annual Report 2004 90 Analysis of Shares - range of shares held Fully paid % of  % of  Redeemable  % of  % of ordinary holders shares convertible holders shares shares held preference held (Hold ers) shares (Holders) 1-1,000 27,791 34.99 2.87 15,151 97.88 40.09 1,001-5,000 40,785 51.35 17.11 272 1.76 10.00 5,001-10,000 7,209 9.08 8.87 21 0.13 2.70 10,001-100,000 3,505 4.41 12.19 26 0.17 10.53 100,001 and over 133 0.17 58.96 9 0.06 36.68 Total 79,423 100.00 100.00 15,479 100.00 100.00 Less than a marketable parcel of $500 1,182 - Name Number of fully paid ordinary shares % Westpac Custodian Nominees Limited 70,657,626 12.07 National Nominees Limited 62,151,354 10.62 J P Morgan Nominees Australia Limited 54,655,785 9.34 ANZ Nominees Limited 40,453,440 6.91 Citicorp Nominees Pty Limited 12,939,538 2.21 RBC Global Services Australia Nominees Pty Limited 11,557,825 1.97 Westpac Custodian Nominees Limited (ADR Account) 10,659,746 1.82 Queensland Investment Corporation 7,169,037 1.22 Cogent Nominees Pty Limited 6,981,674 1.19 AMP Life Limited 4,034,278 0.69 IAG Nominees Pty Limited 3,712,171 0.63 HSBC Custody Nominees (Australia) Limited 3,571,716 0.61 Citicorp Nominees Pty Limited (CFS WSLE Imputation Fnd A/c) 3,280,515 0.56 Australian Foundation Investment Company Limited 3,189,289 0.54 Government Superannuation Office (State Super Fund A/c) 2,721,121 0.46 Citicorp Nominees Pty Limited (CFS WSLE Aust Share Fnd A/c) 2,321,134 0.40 Victorian Workcover Authority 2,311,764 0.39 Citicorp Nominees Pty Limited (CFS Imputation Fund A/c) 2,141,738 0.37 Fortis Clearing Nominees P/L (Settlement A/c) 1,956,538 0.33 Cogent Nominees Pty Limited (SMP Accounts) 1,871,246 0.32 Total 308,337,535 52.65 STOCK EXCHANGE AND SHAREHOLDER INFORMATION