SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2010

Mar 31, 2010

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SOUTHERN CROSS ELECTRICAL ENGINEERING LIMITED

1 April 2010

The Manager

Company Announcements Office Australian Stock Exchange Limited Level 4, Stock Exchange Centre 20 Bridge Street SYDNEY NSW 2000

ELECTRONIC LODGEMENT

Dear Sir or Madam

Southern Cross Electrical Engineering Ltd (ASX:SXE) wishes to advise the cancellation of the following unlisted employee options:

• 9,259 options exercisable at $1.15 by 26 November 2013;

• 500,000 options exercisable at $1.15 by 26 November 2014; and

• 500,000 options exercisable at $1.15 by 26 November 2015.

-ENDS-

For further information please contact:

Stephen Fewster Chief Financial Officer

Southern Cross Electrical Engineering Limited

Telephone: +618 9410 1833 Email: stevef@scee.com.au