SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2011

Nov 29, 2011

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SOUTHERN CROSS ELECTRICAL ENGINEERING LIMITED

30 November 2011

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,

Cancellation of Options

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

1. 93,334 Employee options expiring 4/03/2013 @ $1.15 (vest 4/03/09)

2. 166,667 Employee options expiring 4/03/2014 @ $1.15 (vest 4/03/10)

3. 166,666 Employee options expiring 4/03/2015 @ $1.15 (vest 4/03/11)

Yours faithfully,

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Chris Douglass Company Secretary