SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2021

Oct 6, 2021

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Contract Awards and Business Update

7 October 2021

ASX & media announcement ASX code: SXE

Highlights

• Awarded circa $30m of commercial projects in NSW and ACT

• Creation of SCEE Group and SCEE Electrical marketing brands

• Geoff Baudains appointed SCEE Electrical CEO, reporting to SCEE Group Managing Director

• Relocation of SCEE Group head office and co-location of WA businesses to Perth CBD effective on 1 November 2021

Contract awards

Southern Cross Electrical Engineering Limited (“SCEE Group”) is pleased to announce contract awards totaling circa $30m in the commercial sector in NSW and ACT as follows:

• CPB Contractors Pty Ltd has awarded Heyday in Sydney the design and construct contract for the Pitt Street South Tower project to encompass the electrical, communications and security services for a 39storey building with 234 apartments. The tower is being built over the southern entrance to the Pitt Street Metro Station where Heyday is also contracted to CPB for the design and construct electrical services as previously announced to the market on 10 March 2020. Work to the Pitt Street South Tower is scheduled to be completed in 2023.

• In Canberra, Heyday has been awarded the design and construct contract to provide electrical services for the new Queanbeyan Civic and Cultural Precinct from ADCO Constructions Pty Ltd. The project includes the redevelopment of Queanbeyan Palerang Regional Council’s existing administration building with a purpose-built facility, housing shopfronts, council chambers, public library space and public parking. The development comprises two towers of three and five storeys. Expected completion is first quarter of 2023.

• In Western Sydney, Built Pty Limited has awarded a base building contract for the Bankstown City Campus project, an 18-storey mixed use tertiary education facility of the University of Western Sydney. The project includes the integrated fitout of the 16,500sqm vertical campus. The scope of works includes for low voltage cabling reticulation, cable pathways, main switchboard, distribution boards, security, access control, DAS and structured communication cabling systems. The project is due for completion in late 2022.

Business update

In addition, SCEE Group wishes to provide the following update on recent and upcoming developments:

Southern Cross Electrical Engineering Limited

ABN 92 009 307 046

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Marketing and branding developments

The successful growth and diversification of the business over recent years has created the need when communicating to better differentiate between SCEE as a whole group and the original SCEE operating business. Consequently, a “SCEE Group” brand has been adopted for the former and the SCEE operating business will market itself as “SCEE Electrical”. This change will help to better align messaging to different stakeholders and a program of refreshing marketing collateral and initiatives across the group is in progress.

Executive appointment

SCEE Group is pleased to announce the appointment of Geoff Baudains in the newly created position of “Chief Executive Officer - SCEE Electrical”. Geoff is a successful and well-respected executive with a career spanning over 25 years in the electrical contracting industry with experience gained from working within the Mining, Resources, Oil & Gas and Energy sectors including holding senior roles within Downer and, most recently, UGL.

Geoff’s role will be to lead and grow the SCEE Electrical business and he will commence on Monday 11 October and report to SCEE Group Managing Director Graeme Dunn.

Relocation of Head Office

As foreshadowed in the 25 August results announcement, SCEE Group is relocating its head office to 225 St Georges Terrace in the Perth CBD from Monday 1 November 2021 with all of the Group’s WA based businesses moving to the same location. The co-location will encourage increased integration and collaboration between the businesses in targeting opportunities and delivering works.

Authorised for release by Graeme Dunn – SCEE Group Managing Director

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