SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2012

Apr 26, 2012

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SOUTHERN CROSS ELECTRICAL ENGINEERING LIMITED

ASX RELEASE

27 April 2012

Notice of award of Sino Iron Line 2 Concentrator

Southern Cross Electrical Engineering Ltd (ASX:SXE) is pleased to announce it has received a site instruction from MCCM to commence work on the Concentrator area for the second process train (Line 2) on the Sino Iron Project.

Work on this project is expected to commence later this month and run for approximately six months. This contract, which will be executed on a cost reimbursable basis, is expected to be in the range of $8-10m.

SXE Managing Director Simon High said “Continuing to work on the Sino Iron Project for MCCM is something we are very pleased about. The Sino Iron project is a world scale undertaking that requires the highest levels of professional skills. I believe the relationship that has developed between MCCM and SXE as well as performance of our current work on the Concentrator product line 1 electrical installation were fundamental reasons behind the award of this work. We look forward to successfully completing this and future additional works that we are currently discussing with MCCM.”

For further information please contact:

Simon High Managing Director/Chief Executive Officer Southern Cross Electrical Engineering Limited Telephone: +61 9236 8300 Email: simon.high@scee.com.au

Chris Douglass Chief Financial Officer/Company Secretary Southern Cross Electrical Engineering Limited Telephone: +61 9236 8300 Email: chris.douglass@scee.com