SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Major Shareholding Notification 2008

Nov 26, 2008

FORM 603 Corporations Act 2001 Section 671B

NOTICE OF INITIAL SUBSTANTIAL HOLDER

To: Company Name/Scheme

SXE - Southern Cross Electrical Engineering Ltd

ACN/ARSN

009 307 046

1. Details of Substantial Holder(1)

Acorn Capital Limited

Name ACN/ARSN (if applicable) 082 694 531

The holder became a substantial holder on 26-Nov-2008

2. Details of Voting Power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of Securities (4)	Number of Securities	Person's Votes (5)	Voting Power (6)
Ordinary	8,136,867	8,136,867	6.78%

3. Details of Relevant Interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of Relevant Interest	Nature of Relevant Interest (7)	Class and Number of Securities
Acorn Capital Limited	Power to (or to control) exercise vote and/or dispose of the shares as discretionary investment managers or advisers to superannuation funds, pooled superannuation trusts, managed investment schemes and investment management agreements.	8,136,867

4. Details of Present Registered Holders

The persons registered as holders of the securities referred to in Paragraph 3 above are as follows:

Holder of Relevant Interest	Registered Holder of Securities	Person Entitled to be Registered as Holder (8)	Class and Number of Securities
Queensland Local Government Superannuation	JP Morgan Chase Nominees		278,622
Military Superannuation & Benefits Board	National Nominees		289,000
Catholic Superannuation Fund	National Nominees		407,056
Qantas Superannuation	National Nominees		695,600
Commonwealth Bank Officers' Superannuation Fund	Citicorp Nominees		711,022
Health Super	JP Morgan Chase Nominees		769,554
Sunsuper Fund	National Nominees		785,000
Auscoal Superannuation Fund	JP Morgan Chase Nominees		1,000,000
Acorn Capital Microcap Trust	National Nominees		1,595,039
UniSuper	National Nominees		1,605,974

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of Relevant Interest Acorn Capital Limited	Date of Acquisition	Consideration (9)	Consideration (9)	Class and Number of Securities
		Cash	Non-Cash
	16-Nov-2007 to 26-Nov-2008	$7,621,073.71		8,136,867

6. Associates

The reasons the persons named in Paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable) Name of Association

7. Addresses

The addresses of persons named in this form are as follows:

Name		Address
Queensland Local Government Superannuation		C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
MilitarySuperannuation & Benefits Board		C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Catholic Superannuation Fund		C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Qantas Superannuation		C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Commonwealth Bank Officers' Superannuation Fund		C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Health Super		C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Sunsuper Fund		C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Auscoal Superannuation Fund		C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Acorn Capital MicrocapTrust		C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
UniSuper		C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000

Print Name BARRY FAIRLEY Capacity Managing Director 27-Nov-2008 Sign Here Date