SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Major Shareholding Notification 2021

Nov 7, 2021

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ASX TO CROSS RELEASE: SXE

8 November 2021

BY ASX ONLINE - 5 pages

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

Dear Sir/Madam,

Notice of 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 8 November 2021 in accordance with section 671B of the Corporations Act 2001 .

Yours sincerely,

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CRAIG SMITH ACIS, CPA Secretary

THORNEY OPPORTUNITIES LTD ABN 41 080 167 264 Level 39, 55 Collins St. Melbourne VIC 3000 Australia

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Form 604

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 associated Name entities 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

The previous notice was given to the company on

03-Sep-21

11-Oct-19

The previous notice was dated

11-Oct-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
FullyPaid OrdinaryShares	45,880,371	18.53%	43,757,761	16.86%

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	Nature of change	Consideration	Number and class of	Person’s votes affected
	interest changed		given in relation	securities affected
			**to change **
18-Jun-20	TIGA Trading Pty Ltd and each of the Thorney Investment Group entities listed in Annexure ‘A’ (together ‘Thorney Investment Group’)	Market sale	$Nil	16,041 ordinary shares	16,041
	Thorney Opportunities Ltd		$4,659.38	10,694 ordinary shares	10,694
19-Jun-20	Thorney Investment Group	Market sale	$Nil	18,922 ordinary shares	18,922
	Thorney Opportunities Ltd		$5,487.53	12,615 ordinary shares	12,615
23-Jun-20	Thorney Opportunities Ltd	Market sale	$566,721.96	1,349,338 ordinary shares	1,349,338
23-Dec-20	Jasforce Pty Ltd	Market sale	$Nil	168,200 ordinary shares	168,200
29-Dec-20	Jasforce Pty Ltd	Market sale	$Nil	16,800 ordinary shares	16,800
26-Jul-21	Jasforce Pty Ltd	Market sale	$Nil	60,000 ordinary shares	60,000
24-Sep-21	Thorney Investment Group	Market sale	$Nil	28,111 ordinary shares	28,111
27-Sep-21	Thorney Investment Group	Market sale	$Nil	13,027 ordinary shares	13,027
28-Sep-21	Thorney Investment Group	Market sale	$Nil	126,498 ordinary shares	126,498
29-Sep-21	Thorney Investment Group	Market sale	$Nil	137,038 ordinary shares	137,038
30-Sep-21	Thorney Investment Group	Market sale	$Nil	71,865 ordinary shares	71,865

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3. Changes in relevant interests continued

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	Class and number of securities affected	Person’s votes affected
1-Oct-21	Thorney Investment Group	Market sale	$Nil	64,667 ordinary shares	64,667
4-Oct-21	Thorney Investment Group	Market sale	$Nil	17,622 ordinary shares	17,622
7-Oct-21	Thorney Investment Group	Market sale	$Nil	11,172 ordinary shares	11,172

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 **	Nature of relevant interest	Number and class of securities	Person’s votes
Thorney Opportunities Ltd	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	Thorney Opportunities Ltd has a relevant interest under section 608(1)(b) of the_Act_ as it is the beneficial holder of those shares.	15,843,631 ordinary shares	15,843,631
Thorney Investment Group	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	Thorney Investment Group is taken to have a relevant interest as it has the capacity to determine the outcome of decisions about the financial and operating policies of each of Thorney OpportunitiesLtd	15,843,631 ordinary shares	15,843,631
		TIGA Trading Pty Ltd	Thorney Investment Group is taken under section 608(3)(b) of the_Corporations Act_ 2001 (Cth)(theAct) to have a relevant interest as it holds all the issued capital in TigaTradingPtyLtd.	22,345,734 ordinary shares	22,345,734
		Thorney International Pty Ltd	Thorney Investment Group is taken under section 608(3)(b) of the_Corporations Act_ 2001 (Cth)(theAct) to have a relevant interest as it holds all the issued capital in ThorneyInternational PtyLtd.	4,000,000 ordinary shares	4,000,000
Jasforce Pty Ltd, as trustee for the Alex Waislitz Retirement Plan (Jasforce)	Jasforce	Jasforce	Jasforce has a relevant interest under section 608(1)(a) of the_Act_as it is the registered holder of those shares.	1,039,471 ordinary shares	1,039,471
Waislitz Charitable Corporation Pty Ltd, as trustee for the Waislitz Family Foundation	Waislitz Family Foundation	Waislitz Family Foundation	Waislitz Family Foundation has a relevant interest under section 608(1)(a) of the_Act_ as it is the registered holder of those shares.	528,925 ordinary shares	528,925
Mr Alex Waislitz	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	Each of the entities listed in the adjacent column (and in Annexure “A”) are ‘associates’ pursuant to section 12(2)(a)(iii) of the_Act_by virtue of them being commonly controlled by Mr Alex Waislitz who, pursuant to section 50AA of the_Act_, has the capacity to determine the outcome of decisions about the financial and operating policies of each of those entities.	15,843,631 ordinary shares	15,843,631
		TIGA Trading Pty Ltd		22,345,734 ordinary shares	22,345,734
		Thorney International PtyLtd		4,000,000 ordinary shares	4,000,000
	Jasforce	Jasforce		1,039,471 ordinary shares	1,039,471
	Waislitz Family Foundation	Waislitz Family Foundation		528,925 ordinary shares	528,925

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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

N/A

While there has been no change in association in respect of any of the entities listed in this notice since the last substantial holder notice was given, for completeness, we note that each of the entities listed in Annexure “A” to this notice are ‘associates’ in respect of the Company pursuant to section 12(2)(a)(iii) of the_Act_by virtue of them being commonly controlled by Mr Alex Waislitz who, pursuant to section 50AA of the Act, has the capacity to determine the outcome of decisions about the financial and operating policies of each of those entities. In addition, Mr Alex Waislitz holds, directly or indirectly, a relevant interest of 50% or more in each of Jasforce, Waislitz Charitable Corporation, Early Force and Jamahjo.

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 and each of the entities listed in Annexure ‘A’ to this notice	See Annexure ‘A’ to this notice
Jasforce Pty Ltd, ACN 017 167 713 as trustee for the Alex Waislitz Retirement Plan	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
Waislitz Charitable Corporation Pty Ltd, ACN 163 623 612 as trustee for the Waislitz FamilyFoundation	Level 39, 55 Collins Street, Melbourne 3000
Alex Waislitz	Level 39, 55 Collins Street, Melbourne 3000

Signature

Print name CRAIG SMITH ACIS, CPA Capacity SECRETARY Sign here Date: 8 November 2021

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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 8 November 2021.

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.........................................

CRAIG SMITH Secretary

SUBSTANTIAL HOLDERS - ENTITY DETAILS

	Associated Entities	Address
	Thorney Investment Group
	Jamahjo Pty Ltd, ACN 117 488 696 as trustee for the Halex Family Trust	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	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
	Early Force Pty Ltd, ACN 103 134 363 as trustee for the Alex Waislitz PropertyInvestment Trust	Level 39, 55 Collins Street, Melbourne 3000
	Jamah Investments Pty Ltd, ACN 093 388 928 as trustee for the Jamah Investment Trust	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Jasforce Pty Ltd, ACN 017 167 713 as trustee for the Alex Waislitz Retirement Plan	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	ThorneyTechnologies Ltd , ACN 096 782 188	Level 39, 55 Collins Street, Melbourne 3000
	Two Towers Pty Ltd, ACN 134 730 546	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Urban Land Nominees Pty Ltd, ACN 004 753 066	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Waislitz Charitable Corporation Pty Ltd, ACN 163 623 612 as trustee for the Waislitz FamilyFoundation	Level 39, 55 Collins Street, Melbourne 3000

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