SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Major Shareholding Notification 2019

Oct 10, 2019

THORNEY OPPORTUNITIES LTD ACN 080 167 264

CROSS RELEASE SXE

11 October 2019

BY ASX ONLINE – 4 pages

Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY 2000

Dear Sir/Madam,

Change of interests of substantial holder Southern Cross Electrical Engineering Limited [ASX:SXE]

Following is a Form 604 Notice of change of interests of substantial holder dated 11 October 2019 in accordance with section 671B of the Corporations Act 2001 .

Yours sincerely,

==> picture [144 x 77] intentionally omitted <==

CRAIG SMITH ACIS, CPA Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: company name/scheme SOUTHERN CROSS ELECTRICAL ENGINEERING LTD ABN 92 009 307 046

1. Details of substantial holder

THORNEY OPPORTUNITIES LTD and each of the entities Name listed in the attached Annexure ‘A’ to this notice. ACN 080 167 264

There was a change in the interests of the substantial holder on 10-Oct-19 The previous notice was given to the company on 10-Sep-19 The previous notice was dated 10-Sep-19

2. Previous and present voting power

The total number of shares votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest 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	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	Voting power	Person’s votes	Voting power
Fully Paid Ordinary Shares	40,387,877	17.25%	45,880,371	18.53%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests 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 are as follows:

Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to **Change **	Number and class of securities affected	Person’s votes affected
10-Oct-19	Thorney Opportunities Ltd	DRP shortfall placement	54.62c per share	3,661,662 ordinary shares	3,661,662
10-Oct-19	Thorney Investment Group	DRP shortfall placement	$nil	1,830,832 ordinary shares	1,830,832

4. Present relevant interests

Particulars of each relevant interest 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 holder	Number and class of securities
Thorney Opportunities Ltd, ThorneyInvestment Group	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	17,216,278 ordinaryshares
Thorney Investment Group	HSBC Custody Nominees (Australia)Ltd	Thorney International PtyLtd	4,000,000 ordinaryshares
Thorney Investment Group	UBS Nominees Pty Ltd	Tiga Trading Pty Ltd	22,850,697 ordinary shares
Waislitz Charitable Corporation Pty Ltd as trustee for the Waislitz FamilyFoundation	Waislitz Charitable Corporation PtyLtd	Waislitz Family Foundation	528,925 ordinary shares
Jasforce Pty Ltd	Jasforce Pty Ltd	Jasforce Pty Ltd	1,284,471 ordinary shares

5. Changes in association

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

Name Nature of association

6. Addresses

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

Name Address Thorney Opportunities Ltd Level 39, 55 Collins Street, Melbourne 3000 Associated entities Refer Annexure ‘A’ Signature Print name CRAIG SMITH ACIS, CPA Capacity SECRETARY Sign here Date: 11 October 2019

==> picture [145 x 78] intentionally omitted <==

ANNEXURE ‘A’

This is Annexure A referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated 11 October 2019.

==> picture [122 x 66] intentionally omitted <==

......................................... CRAIG SMITH Secretary

SUBSTANTIAL HOLDERS - ENTITY DETAILS

	Associated Entities	Address
	Thorney Investment Group
	Jamahjo Pty Ltd, ACN 117 488 696	c/- TWF Partners, Level 4, 25 Claremont Street, South Yarra,3141
	Thistle Custodians PtyLtd,ACN 078 027 193	Level 39,55 Collins Street,Melbourne 3000
	Thistle Holdings PtyLtd,ACN 075 051 464	Level 39,55 Collins Street,Melbourne 3000
	ThorneyAlpha PtyLtd,ACN 162 820 537	Level 39,55 Collins Street,Melbourne 3000
	ThorneyBeta PtyLtd,ACN 162 828 677	Level 39,55 Collins Street,Melbourne 3000
	ThorneyHoldings PtyLtd,ACN 006 262 835	Level 39,55 Collins Street,Melbourne 3000
	ThorneyInternational PtyLtd,ACN 132 886 698	Level 39,55 Collins Street,Melbourne 3000
	Thorney Investment Group Australia Pty Ltd, ACN 117 488 892	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyManagement Services PtyLtd,ACN 164 880 148	Level 39,55 Collins Street,Melbourne 3000
	ThorneyOmega PtyLtd,ACN 163 964 636	Level 39,55 Collins Street,Melbourne 3000
	Tiga PropertyPtyLtd,ACN 117 811 453	Level 39,55 Collins Street,Melbourne 3000
	Tiga(Ballarat)PtyLtd,ACN 117 812 030	Level 39,55 Collins Street,Melbourne 3000
	Tiga Finance PtyLtd,ACN 118 521 412	Level 39,55 Collins Street,Melbourne 3000
	Tiga(Hawthorn)PtyLtd,ACN 126 952 663	Level 39,55 Collins Street,Melbourne 3000
	Tiga Tails PtyLtd,ACN 080 534 416	Level 39,55 Collins Street,Melbourne 3000
	Tiga TradingPtyLtd,ACN 118 961 210	Level 39,55 Collins Street,Melbourne 3000
	Other associates
	Jasforce Pty Ltd, ACN 007 167 713	c/- TWF Partners, Level 4, 25 Claremont Street, South Yarra,3141
	Waislitz Charitable Corporation PtyLtd,ACN 163 623 612	Level 39,55 Collins Street,Melbourne 3000