SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2017

Dec 20, 2017

21 December 2017

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Contract Awards

ASX & media announcement ASX code: SXE

Highlights

 SCEE and Heyday secure range of awards in the commercial and public infrastructure sectors

• ECI process for Westmead Hospital finalised and contractual terms agreed

Southern Cross Electrical Engineering Limited (“SCEE”) is pleased to announce a number of new awards in the commercial and public infrastructure sectors.

Commercial

SCEE’s Sydney-based subsidiary Heyday has been awarded the following electrical, communications and security contracts:

• Built Constructions, in conjunction with its joint venture partner Obayashi Corporation (“BOJV”), has awarded to Heyday a contract exceeding $19m for Tower 4 of the Walker Corporation’s Parramatta Square Development. The 32-storey 70,000sq metre commercial project will have an expected completion in 2019.

• In the ACT Heyday has secured a design and construct project to a value of $4m on the mixed-use development known as Section 52 Stage 1 from the Chase Building Group.

• Also in the ACT, Hindmarsh Constructions has awarded the Iskia development in Campbell to Heyday. This is a design and construct project exceeding $2m.

Public Infrastructure

• In New South Wales Heyday has finalised the early contractor involvement (“ECI”) process with Multiplex for the new Westmead Hospital Central Acute Services Building (“CASB”) and has agreed contractual terms to carry out the overall project. Construction has now begun and is expected to be completed by early 2020 and includes the engineering design and installation of specialty communication services, patient information technology, access control, nurse call systems, HV reticulation and emergency power backup systems to a value exceeding $66m.

• SCEE has been awarded an electrical, instrumentation and controls contract exceeding $2m for the Woodman Point Wastewater Treatment Plant upgrade in WA by BVCJV, a joint venture between Black & Veatch Australia Pty Ltd and Civmec Construction & Engineering Pty Ltd.

Comment

Commenting on the awards SCEE Managing Director, Graeme Dunn, said, “I am pleased to announce these new awards which further evidence the buoyant commercial market in NSW and the ACT and progress our diversification into the public infrastructure sector.

Outside of these specific projects, we continue to secure a steady flow of work in the resources sector and

Southern Cross Electrical Engineering Limited

ABN 92 009 307 046

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in the telecommunications sector on both the NBN construction and on the mobile networks.

This further demonstrates the positive pipeline outlook for SCEE with four out of the five market sectors in which we operate being in or entering a growth phase.”

Contact

SCEE Perth Office 41 Macedonia Street Naval Base WA 6165 T: +61 8 9236 8300

Graeme Dunn CEO & Managing Director E: graeme.dunn@scee.com.au

Colin Harper Company Secretary E: colin.harper@scee.com.au

Southern Cross Electrical Engineering Limited

ABN 92 009 307 046