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

Oct 26, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

SOUTHERN CROSS ELECTRICAL ENGINEERING LTD

Announcement Type

New announcement

Date of this announcement

Wednesday October 27, 2021

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
SXE	ORDINARY FULLY PAID	116,072	26/10/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

SOUTHERN CROSS ELECTRICAL ENGINEERING LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 92009307046

1.3 ASX issuer code

SXE

1.4 The announcement is

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New announcement

1.5 Date of this announcement

27/10/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an

Appendix 3B

Additional +securities to be quoted in an existing class issued under an +employee incentive scheme

FROM (Existing Class) ASX +security code and description SXEAI : PERFORMANCE RIGHT

TO (Existing Class) ASX +security code and description

SXE : ORDINARY FULLY PAID

Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer 116,072

Please provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

The shares are being issued on the exercise of vested FY19 performance rights. The terms of the FY 19 performance rights were amended by shareholder approval at the AGM on 26 October 2021.

Details of the approved terms can be found in the AGM Notice of Meeting at the link below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02425425-6A1051814?access_token=8 3ff96335c2d45a094df02a206a39ff4

Are any of these +securities being issued to +key management personnel (KMP) or an +associate Yes

Provide details of the KMP or +associates being issued +securities

Name of KMP	Name of registered holder	Number of +securities
Graeme Dunn	Kaleidoscope Investments Trust	116,072

Issue date

26/10/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

Application for quotation of +securities

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Application for quotation of +securities

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Yes

Issue details

Number of +securities to be quoted

116,072

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Ordinary Shares issued for nil consideration on the vesting and exercise of FY19 Performance Rights that were performance tested over the three financial years to 30 June 2021

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.592000

Any other information the entity wishes to provide about the +securities to be quoted

The value disclosed above represents the fair value ascribed to the performance rights at grant date using the binomial tree valuation method.

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

Total number of ASX +security code and description +securities on issue SXE : ORDINARY FULLY PAID 256,801,803

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

Total number of ASX +security code and description +securities on issue SXEAI : PERFORMANCE RIGHT 3,338,354

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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Application for quotation of +securities

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