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              [html]<thead><tr><tdcolspan="8">( b ) Santos Employee Share Acquisition Plan ( continued )</td></tr><tr><tdcolspan="8">Summary of share movements in the Plan during 2004 ( and comparative 2003 information ):</td></tr><tr><td></td><td>Grant dates</td><tdcolspan="2">Opening balance Number</td><tdcolspan="2">Grant th Number of shares</td><tdcolspan="2">during earFair valueper share $</td></tr><tr><td>Distribution during the Number</td><td>ons year air value ggregate $</td><td>Closing Number</td><td>balanceFair valueaggregate $</td><td>2004</td><td>24 August 2001</td><td>177.908</td><td>-</td></tr></thead><tbody><tr><td>–</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>177.908</td><td>1.180.728</td><td>-</td><td>−</td><td>2 September 2002</td><td>195.624</td><td>-</td><td>–</td></tr><tr><td>32.760</td><td>227.623</td><td>162.864</td><td>1.381.087</td><td>2 September 2003</td><td>242.991</td><td>-</td><td>–</td></tr><tr><td>42.237</td><td>294.081</td><td>200.754</td><td>1.702.394</td><td>22 November 2004</td><td>−</td><td>157.014</td><td>8.14</td></tr><tr><td>244</td><td>2.089</td><td>156.770</td><td>1.329.410</td><td>616.523</td><td>157.014</td><td>253.149</td><td>1.704.521</td></tr><tr><td></td><td>520.388</td><td>4.412.891</td><td></td><td>2003</td><td>25 August 2000</td><td>192.950</td><td>–</td></tr><tr><td>–</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>192.950</td><td>1.163.949</td><td>-</td><td>-</td><td>24 August 2001</td><td>196.552</td><td>–</td><td>–</td></tr><tr><td>18.644</td><td>111.036</td><td>177.908</td><td>1.222.228</td><td>2 September 2002</td><td>216.840</td><td>–</td><td>–</td></tr><tr><td>21.216</td><td>126.185</td><td>195.624</td><td>1.343.937</td><td>2 September 2003</td><td>-</td><td>254.106</td><td>5.84</td></tr><tr><td>11.115</td><td>67.943</td><td>242.991</td><td>1.669.348</td><td>606.342</td><td>254.106</td><td>243.925</td><td>1.469.113</td></tr><tr><td></td><td>616.523</td><td>4.235.513</td><td></td></tr></tbody>
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