SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Share Issue/Capital Change 2021

Oct 26, 2021

Notification of cessation of +securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

SOUTHERN CROSS ELECTRICAL ENGINEERING LTD

Announcement Type

New announcement

Date of this announcement

Wednesday October 27, 2021

Details of +securities that have ceased

		Number of
ASX +security		+securities that	The +securities have	Date of
code	Security description	have ceased	ceased due to	cessation
SXEAI	PERFORMANCE RIGHT	116,071	Other	27/10/2021

Refer to next page for full details of the announcement

Notification of cessation of +securities

1 / 4

Notification of cessation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Announcement Details

1.1 Name of +Entity

SOUTHERN CROSS ELECTRICAL ENGINEERING LTD

We (the entity named above) provide the following information about our issued capital.

1.2 Registered Number Type

ABN

Registration Number

92009307046

1.3 ASX issuer code

SXE

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

27/10/2021

Notification of cessation of +securities

2 / 4

Notification of cessation of +securities

Part 2 - Details of +equity securities or +debt securities that have ceased

==> picture [21 x 22] intentionally omitted <==

ASX +Security Code and Description

SXEAI : PERFORMANCE RIGHT

Unquoted +equity securities that have ceased

Number of securities that have ceased

116,071

Reason for cessation

Other

Please provide additional details

Cancellation of FY19 Performance Rights which have vested and been exercised for cash under the amended terms of the Senior Management LTI Plan approved by shareholders at the AGM on 26 October 2021

Date of cessation Is the entity paying any consideration for the cessation? Yes 27/10/2021

In what currency is the consideration Consideration amount per +security paid by the entity for the cessation being paid? AUD - Australian Dollar AUD 0.704000000000

Any other information the entity wishes to notify to ASX about the cessation?

In accordance with the terms of the LTI Plan the amount paid by the company to settle the vested rights in cash is $0.704 per exercised right, being the VWAP of the shares traded on the ASX in the 5 trading days preceding the date of receipt of the exercise notice by the participant, being 26 October 2021.

Notification of cessation of +securities

3 / 4

Notification of cessation of +securities

Part 3 - Issued capital following changes

==> picture [21 x 22] intentionally omitted <==

Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise:

3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX) Total number of ASX +security code and description +securities on issue SXE : ORDINARY FULLY PAID 256,685,731 3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX) Total number of ASX +security code and description +securities on issue SXEAI : PERFORMANCE RIGHT 3,338,355

Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form.

Notification of cessation of +securities

4 / 4