SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Major Shareholding Notification 2011

Apr 28, 2011

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 28/04/2011 substantial holder on The previous notice was given to the company on 6/05/2010 The previous notice was dated 6/05/2010

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	12,290,171	9.90%	12,018,795	8.42%

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
06-May-2010 to 28-Apr-2011	Acorn Capital Limited	Sale and dilution	($325,651.23)	271,376	271,376

Page 1 of 2

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
Catholic Superannuation Fund	National Nominees				340,980	340,980
Microcap Investment Trust 1	National Nominees				620,140	620,140
Auscoal Superannuation Fund	JP Morgan Chase				655,000	655,000
Queensland Local Government Superannuation	JP Morgan Chase				669,805	669,805
Commonwealth Bank Officers' Superannuation Fund	Citicorp Nominees				938,139	938,139
Health Super	JP Morgan Chase				1,249,359	1,249,359
Sunsuper Fund	National Nominees				1,427,600	1,427,600
Microcap Investment Trust 2	National Nominees				1,448,163	1,448,163
UniSuper	National Nominees				2,311,704	2,311,704
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 PAUL PALUMBO

Capacity Portfolio Manager

Sign Here

29/04/2011 Date

Page 2 of 2