SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Major Shareholding Notification 2019

Jun 26, 2019

THORNEY OPPORTUNITIES LTD ACN 080 167 264

CROSS RELEASE SXE

27 June 2019

BY ASX ONLINE – 3 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 27 June 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

Name THORNEY OPPORTUNITIES LTD

ACN 080 167 264 There was a change in the interests of the substantial holder on 21-Jun-19 The previous notice was given to the company on 18-Apr-19 The previous notice was dated 18-Apr-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	33,120,094	14.15%	36,646,377	15.66%

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
24-Apr-19 To 26-Jun-19	Thorney Opportunities Ltd	Market purchases	Market prices	1,303,548 ordinary shares	1,303,548
23-Apr-18 To 26-Jun-19	TIGA Trading Pty Ltd	Market purchases	$nil	1,922,735 ordinary shares	1,922,735
21-Jun-19	Jasforce Pty Ltd	Market purchase	$nil	300,000 ordinary shares	300,000

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, Thorney International Pty Ltd, TIGA Trading Pty Ltd, Thorney Investment Group Australia Pty Ltd, Jamahjo PtyLtd	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	11,822,866 ordinary shares
Thorney International Pty Ltd, Thorney Investment Group Australia Pty Ltd, Jamahjo PtyLtd	HSBC Custody Nominees (Australia) Ltd	Thorney International Pty Ltd	4,000,000 ordinary shares
TIGA Trading Pty Ltd, Thorney Investment Group Australia Pty Ltd, Jamahjo PtyLtd	UBS Nominees Pty Ltd	Tiga Trading Pty Ltd	19,110,115 ordinary shares
Waislitz Charitable Corporation Pty Ltd as trustee for the Waislitz Family Foundation	Waislitz Charitable Corporation PtyLtd	Waislitz Family Foundation	428,925 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 ACN 080 167 264	Level 39, 55 Collins Street, Melbourne 3000
Tiga Trading Pty Ltd ACN 118 961 210	Level 39, 55 Collins Street, Melbourne 3000
Thorney International Pty Ltd, 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
Jamahjo Pty Ltd ACN 117 488 696	C/- TWF Partners, Level 4, 25 Claremont Street, South Yarra,3141
Waislitz Family Foundation Pty Ltd ACN 159 815 455	Level 39, 55 Collins Street, Melbourne 3000
Jasforce Pty Ltd ACN 007 167 713	C/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141

Signature

Print name CRAIG SMITH ACIS, CPA Capacity SECRETARY Sign here Date: 27 June 2019

==> picture [145 x 77] intentionally omitted <==