SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2010

Dec 21, 2010

2 SOUTHERN CROSS ELECTRICAL ENGINEERING LIMITED

ASX RELEASE

22nd December 2010

Manager Company Announcement Office Australian Stock Exchange Level 4, 20 Bridge Street SYDNEY NSW 2000

Southern Cross Awarded Cadia East Contract

Southern Cross Electrical Engineering Limited (ASX:SXE) is pleased to announce that it has received a letter of award from Newcrest Mining Ltd via it’s EPCM manager; Fluor Australia Pty Ltd, for the aboveground electrical and instrumentation installation contract on the Cadia East Project. SXE expects to mobilise in the March 2011 quarter and the construction is scheduled to be undertaken over a 10 month period.

Having been involved with approximately 180 gold construction contracts worldwide, SXE Managing Director, Mr Simon High said he was very pleased that SXE continues to maintain its reputation in the gold mining industry as well as working with blue chip clients Newcrest Mining and Fluor Australia.

This contract together with the recently announced contract for the Pueblo Viejo Gold Project and other smaller projects places SXE’s forward order book at over $30 million. Over the coming month SXE expects to finalise a number of other tenders and negotiations which will increase the value of its forward order book to over $100 million.

For further information please contact:

Simon High Stephen Fewster Managing Director Chief Financial Officer Southern Cross Electrical Engineering Limited Southern Cross Electrical Engineering Limited Telephone: +618 9410 1833 Telephone: +618 9410 1833 Email: simon.high@scee.com.au Email: stevef@scee.com.au

A.B.N. 92 009 307 046 EC001681

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41 MACEDONIA STREET, NAVAL BASE, WESTERN AUSTRALIA 6165 TELEPHONE: 61 8 9410 1833 FAX No: 61 8 9410 2504 EMAIL: scee@scee.com.au