SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2021

Feb 17, 2021

ASX & media announcement ASX code: SXE

18 February 2021

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Contract Awards

Highlights

• SCEE awarded $40m of commercial and datacentre works in NSW and ACT

Southern Cross Electrical Engineering Limited (“SCEE”) is pleased to announce its East Coast-based subsidiary Heyday has been awarded a range of projects totaling $40m as follows.

Heyday has been awarded the following contracts with a combined value of over $15m:

• In Sydney, a contract novation for The Ribbon Project from Probuild Constructions (Aust) Pty Ltd. The novation was as a result of Grocon Constructions, to whom Heyday was performing earlier works, and their client Greaton concluding their construction relationship and Greaton subsequently engaging with Probuild to complete the project with an increased electrical scope of work. The works consist of a new Imax cinema, 449 hotel rooms, 143 serviced apartments, and other office and retail offerings. The project is due for completion in December 2021.

• In Canberra, Heyday has been awarded the design and construct contract to provide electrical, communications and security services for the new Throsby Primary School from Icon SI (Aust) Pty Ltd. In line with ACT Education requirements the school will achieve zero emissions through the use of energy efficient systems, solar PV array and airtight mechanical systems and buildings. The completion of the project is to align with the start of the school year in January 2022.

In Sydney, the following datacentre projects have been secured by Heyday with a combined value of circa $25m:

• From Multiplex Australasia Pty Ltd, a contract for the design and construct of Stage 1 - Phase 1 electrical and communication works for the NextDC S3 datacentre in Artarmon. The S3 datacentre will be constructed to meet the Uptime Institute Tier IV Level Certification requirements and the works include MV/LV and communications infrastructure and fitout of data halls and offices. Project completion is August 2022.

• J. Hutchinson Pty Ltd has engaged Heyday for a further stage at the RuData SYD053 datacentre in Eastern Creek in Sydney’s western suburbs, which is the fifth separate subcontract to Heyday on the site. This scope includes the full fit-out of an additional 1,200m² of data hall space, new HV and LV reticulation, switchboards, UPS, generator systems, lighting, and power. The works are expected to be completed by the end of third quarter 2021.

Comment

Commenting on the above, SCEE Managing Director Graeme Dunn said “This range of work once again

Southern Cross Electrical Engineering Limited

ABN 92 009 307 046

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demonstrates the strong position Heyday holds in these sectors in Sydney and Canberra.

It is particularly pleasing that we are now in a position to complete the electrical works on the prestigious Ribbon project on which we had so successfully performed at an earlier stage.”

Authorised for release by Graeme Dunn – SCEE 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