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SOUTHERN CROSS ELECTRICAL ENGINEERING LTD Major Shareholding Notification 2010

May 5, 2010

65884_rns_2010-05-05_f7cf5e1e-0bdd-40cd-9623-312902ed85df.pdf

Major Shareholding Notification

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FORM 604 Corporations Act 2001 Section 671B

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

To: Company Name/Scheme

SXE - Southern Cross Electrical Engineering Ltd

ACN/ARSN 009 307 046

1. Details of Substantial Holder(1)

Name Acorn Capital Limited ACN/ARSN (if applicable) 082 694 531 There was a change in the interests of the 05-May-2010 substantial holder on The previous notice was given to the company on 25-May-2009 The previous notice was dated 25-May-2009

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities (4) Previous notice Previous notice Present Notice Present Notice
Person's votes Voting power (5) Person's votes Voting power (5)
Ordinary 10,644,923 8.87% 12,290,171 9.90%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of Change Person whose relevant
interest changed
Nature of
change (6)
Consideration given in
relation to change (7)
Class and number of
securities affected
Person's votes
affected
25-May-2009 to
05-May-2010
Acorn Capital Limited Purchase $2,179,906.78 1,699,169 1,699,169

4. Present relevant interests

Particulars of each relevant interests of the substantial holder in voting securities after the change are as follows:

Holder of Relevant Interest Registered Holder of Securities Person Entitled
to be Registered
as

Nature of
relevant
interest
Class and
Number of
Securities
Person's
Votes
Military Superannuation & Benefits Board National Nominees 366,500 366,500
Catholic Superannuation Fund National Nominees 487,556 487,556
Queensland Local Government Superannuation JP Morgan Chase 538,422 538,422
Auscoal Superannuation Fund JP Morgan Chase 655,000 655,000
Microcap Investment Trust 1 National Nominees 736,140 736,140
Commonwealth Bank Officers' Superannuation Fund Citicorp Nominees 923,022 923,022
Health Super JP Morgan Chase 1,199,359 1,199,359
Sunsuper Fund National Nominees 1,210,400 1,210,400
Microcap Investment Trust 2 National Nominees 1,682,163 1,682,163
UniSuper National Nominees 2,133,704 2,133,704
Acorn Capital Microcap Trust National Nominees 2,357,905 2,357,905

5. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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

6. Addresses

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

Name
Address

All Relevant Holders
C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000

Print Name DOUGLAS LOH Sign Here

Capacity Portfolio Manager

Date 06-May-2010