Woodside Petroleum : 24.03.2017 Notice of Annual General Meeting 2017

24 March 2017

ASX: WPL OTC: WOPEY

Woodside Petroleum Ltd.

ACN 004 898 962

Woodside Plaza

240 St Georges Terrace Perth WA 6000 Australia

www.woodside.com.au

NOTICE OF ANNUAL GENERAL MEETING 2017

Woodside's 2017 Annual General Meeting will be held on Friday, 5 May 2017 at the Perth Convention & Exhibition Centre, 21 Mounts Bay Road, Perth, Western Australia at 10.00am (AWST).

The Notice of Meeting, Explanatory Memorandum and Voting Form have been mailed to shareholders today. Copies of these documents follow this announcement and are available on Woodside's website at www.woodside.com.au.

The Annual Report 2016 and 2016 Full-Year Summary have also been mailed today to shareholders who have elected to receive printed copies of these documents. Copies of the documents have previously been lodged with the ASX and are available on Woodside's website at www.woodside.com.au.

10.00am (AWST)

Friday, 5 May 2017

Perth Convention & Exhibition Centre,

21 Mounts Bay Road, Perth, Western Australia

Location of the Perth Convention & Exhibition Centre (PCEC)

Transport and Parking Information

Perth CBD Roadworks and Closures

At the date of the Annual General Meeting, Perth CBD may be affected by roadworks and closures. For further information regarding roadworks and closures please call 138 138 or visit www.mainroads.wa.gov.au/usingroads/roadtrafficinformation/ roadworks/pages/cbdprojects.aspx.

Parking

The PCEC carpark is popular and fills early. Alternate parking is available at:

Wilson Carparking

+ The Quadrant - entry via Mounts Bay Road

+ Westralia Square - entry via Mounts Bay Road

+ Central Park Carpark - entry via 152-158 St Georges Terrace

For more information on Wilson Carparking please call (08) 9415 2800 or visit www.wilsonparking.com.au.

City of Perth Parking

+ His Majesty's Carpark - entry via Murray Street

For more information on City of Perth carparks please call 1300 889 613 or visit www.perth.wa.gov.au/parking.

Parking bays for the disabled are available in the PCEC carpark, with nearby ramp/lift access available. For further information on City of Perth's special facilities within the carpark please call 1300 889 613 or email info.city@cityofperth.wa.gov.au.

Bus and Train

Perth's central busport is located adjacent to the PCEC. The Esplanade train station is located next to the PCEC.

For bus and train timetables and further information, visit www.transperth.wa.gov.au.

2017 Annual General Meeting

Woodside Petroleum Ltd. ACN 004 898 962

Woodside Plaza

240 St Georges Terrace Perth WA 6000

GPO Box D188

Perth WA 6840 Australia

T: +61 8 9348 4000

www.woodside.com.au

Dear Shareholder

I am pleased to invite you to the 2017 Annual General Meeting of Woodside Petroleum Ltd to be held on Friday, 5 May 2017 at 10.00am (AWST) at the Perth Convention & Exhibition Centre, 21 Mounts Bay Road, Perth, Western Australia.

If you will be attending the Annual General Meeting, you will need to register at one of the registration desks on the day. Registration commences at 9.30am (AWST). Prompt registration will be facilitated if you bring your Voting Form with you, using the bar code appearing at the top of the Voting Form.

If you are unable to attend the Annual General Meeting but wish to vote on resolutions to be considered at the meeting, you may vote your shares directly or appoint a proxy to act on your behalf. You may register your voting instructions electronically on the website of Woodside's share registry at www.investorvote.com.au. Alternatively you may complete and return the Voting Form enclosed with this letter. To be valid, your Voting Form or electronic voting instructions must be received by 10.00am (AWST) on Wednesday, 3 May 2017.

As in previous years, the Annual General Meeting will be webcast live on the internet at www.woodside.com.au/Investors-Media/Pages/ Webcasts-and-Teleconferences.aspx. An archive version of the webcast will also be made available for later viewing.

Shareholders who have not elected to receive a printed copy of the Annual Report 2016 may obtain a copy from the Company's website at www.woodside.com.au/Investors-Media. The Sustainable Development Report 2016 is also available from the Company's website.

Your directors and the management of Woodside look forward to seeing you at the Annual General Meeting. Should you require any further information, please call our office on +61 8 9348 4000.

Yours sincerely

WOODSIDE PETROLEUM LTD

Warren Baillie Company Secretary 24 March 2017