SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2018

Jul 8, 2018

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Highlights

• Awarded in excess of $55m of work on Westconnex M5 road project in NSW

• Increases presence in transport infrastructure sector on East Coast

Southern Cross Electrical Engineering Limited (‘SCEE’) is pleased to announce that its Sydney-based subsidiary Heyday has been awarded a significant contract on a major infrastructure project in NSW.

The contract awarded to Heyday by the Westconnex M5 joint venture contractor CPB Dragados Samsung (‘CDSJV’) comprises two portions, being the Stage 2 Electrical Installation Works – LV Services West work package and the Tunnel Electrical Installation Through Cabling work package, to a total contract value in excess of $55m. The expected completion date for the works under the contract is November 2019.

The specific work Heyday is required to perform includes the supply and installation of cable supports and pathways to facilitate HV and LV electrical cabling, installation of tunnel and emergency lighting and the cabling of communications, closed circuit TV and other associated specialist control systems relevant to allow the safe and efficient passage of vehicle traffic.

Comment

Commenting on the award, SCEE Managing Director Graeme Dunn said “I am delighted to announce this significant award for us in the transport infrastructure sector. This demonstrates a clear vindication of our strategy, combining across the group relationships, large project experience and our strengthened balance sheet, to enable us to win and perform projects of this scale and nature.

We look forward to working with CDSJV in the upcoming period on this exciting opportunity.”

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