SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2022

Sep 5, 2022

ASX ANNOUNCEMENT & MEDIA RELEASE

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6 September 2022

Atlassian Australian HQ Contract Award

• Heyday awarded electrical services design and construct contract at Atlassian Australian HQ building

• Contract value over $35m

Contract Award

Southern Cross Electrical Engineering Limited (“SCEE Group”) is pleased to announce that its Heyday subsidiary has been awarded the electrical services design and construct contract for the Atlassian Australian HQ building development in Sydney by the Built and Obayashi Corporation Joint Venture (“BOJV”), on behalf of Dexus. The contract value is over $35m.

The project is located at 8-10 Lee Street, Sydney, adjacent to the Central Rail Station, and anchors the NSW Government’s Tech Central precinct that will create a new international innovation and technology community.

The building will be the world’s tallest hybrid-timber building at 39 storeys high, distributed across eight different habitats with 75,000 square metres of gross floor area. The development will include new YHA Railway Square accommodation (137 rooms and approximately 480 beds) within its lower levels and the heritage Parcels Shed at the YHA will be incorporated into the design, together with retail spaces and a new public realm around the station.

The building will have an innovative glass and steel exoskeleton, incorporating an electricity generating façade system with self-shade capabilities, to reduce heat gain within the building. Sustainability targets for the development include a 50% reduction in embodied carbon for the substructure, superstructure and facades compared to a conventionally constructed building, a 50% reduction in operational energy compared to a conventional building, and the use of 100% renewable energy to power the building. Additionally, it has a 5.5-star NABERS Energy Commitment Agreement and targeting a 6-star Green Star rating.

Heyday is expected to start immediately and completion is anticipated in late 2026.

Comment

Commenting on the award, SCEE Group Managing Director Graeme Dunn said “Heyday has been associated with many iconic developments in the centre of Sydney over the years and we are now

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Southern Cross Electrical Engineering Limited ABN 92 009 307 046 ASX: SXE

www.scee.com.au

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extremely pleased to have been selected to participate in this world class project. In recent times we have delivered a significant number of successful outcomes for Built and Obayashi across the Greater Sydney area and expect to replicate that here.

The SCEE Group is exposed to a diverse and growing range of decarbonisation initiatives of which this innovative building design is a tremendous example.”

Authorised for release by Graeme Dunn – SCEE Group Managing Director

Contact:

SCEE Group Head Office Graeme Dunn Colin Harper Level 15, 225 St Georges Terrace CEO & Managing Director Company Secretary Perth WA 6000 E: graeme.dunn@scee.com.au E: colin.harper@scee.com.au T: +61 8 9236 8300

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