Southern Cross Electrical Engineering : Update - Dividend/Distribution - SXE

Notification of dividend / distribution

Update Summary

Entity name

For personal use only

SOUTHERN CROSS ELECTRICAL ENGINEERING LTD

Security on which the Distribution will be paid

SXE - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

5/4/2022

Reason for the Update

Update to the Appendix 3A.1 released on 28 February 2022 to confirm the foreign exchange rate for dividends paid in NZD to holders with a registered address in New Zealand.

Refer to below for full details of the announcement

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Notification of dividend / distributionAnnouncement Details

For personal use only

Part 1 - Entity and announcement details

1.1 Name of +Entity

SOUTHERN CROSS ELECTRICAL ENGINEERING LTD

1.2 Registered Number Type

ABN

1.3 ASX issuer code

SXE

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcementRegistration Number 92009307046

Update to the Appendix 3A.1 released on 28 February 2022 to confirm the foreign exchange rate for dividends paid in NZD to holders with a registered address in New Zealand.

1.4b Date of previous announcement(s) to this update 27/2/2022

1.5 Date of this announcement 5/4/2022

1.6 ASX +Security Code SXE

ASX +Security Description ORDINARY FULLY PAID

Part 2A - All dividends/distributions basic details

• 2A.1 Type of dividend/distribution

  Ordinary

• 2A.2 The Dividend/distribution: relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date) 31/12/2021

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Notification of dividend / distribution

2A.4 +Record Date

30/3/2022

2A.5 Ex Date

29/3/2022

For personal use only

2A.6 Payment Date

13/4/2022

• 2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

  Security holder approval

  Court approval

  Lodgement of court order with +ASICACCC approval

  FIRB approval

  Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

  No

• 2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.01000000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?

Yes

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to 2A.11a(i) DRP Status in respect of this

this dividend/distribution?

Yes

dividend/distribution Full DRP

2A.12 Does the +entity have tax component information apart from franking?

No

Part 2B - Currency Information

2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.).

Yes

2B.2 Please provide a description of your currency arrangements

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Notification of dividend / distribution

2B.2 Please provide a description of your currency arrangements

For shareholders with a registered address in New Zealand the default payment will be by direct credit in NZD and requires that a valid New Zealand bank account has been nominated for receipt of the dividend payment.

For shareholders who have a registered address in New Zealand but who have nominated payment to an Australian bank account then the dividend will be paid in AUD.

For personal use only

All other shareholders will receive their dividend in AUD.

2B.2a Other currency/currencies in which the dividend/distribution will be paid:

Currency

NZD - New Zealand Dollar

2B.2b Please provide the exchange rates used for non-primary currency payments The dividends to be paid in NZD are being converted at an exchange rate of 1.0743

2B.2c If payment currency equivalent and exchange rates not known, date for information to be released

2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the default arrangements?

Yes

2B.3a Please describe what choices are available to a securityholder to receive a currency different to the currency they would receive under the default arrangements

For shareholders who have a registered address in New Zealand but who have nominated payment to an Australian bank account then the dividend will be paid in AUD.

2B.3b Date and time by which any document or communication relating to the above arrangements must be received in order to be effective for this dividend/distribution

Tuesday March 29, 2022 20:00:00

2B.3c Please provide, or indicate where relevant forms can be obtained and how and where they must be lodged To update banking details please visitwww.computershare.com.au/easyupdate/SXE.

Any questions on the above can be directed to Computershare Investor Services (within Australia 1300 656 780, outside Australia [phone])

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

3A.1b Ordinary Dividend/distribution amount per security

AUD 0.01000000

Payment currency equivalent amount per security NZD 0.01074300

Estimated or Actual?

Actual

3A.1a Ordinary dividend/distribution estimated amount per +security

AUD

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• 3A.2 Is the ordinary dividend/distribution franked?

  3A.2a Is the ordinary dividend/distribution fully franked?

  Yes

  Yes

• 3A.3 Percentage of ordinary dividend/distribution that is 3A.3a Applicable corporate tax rate for franking credit

franked 100.0000 %

(%) 30.0000 %

For personal use only

3A.4 Ordinary dividend/distribution franked amount per +security

AUD 0.01000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount AUD 0.00000000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD 0.00000000

Part 4A - +Dividend reinvestment plan (DRP)

3A.5 Percentage amount of dividend which is unfranked 0.0000 %

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?

Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of election	4A.3 DRP discount rate
notices to share registry under DRP
0.0000 %
Thursday March 31, 2022 20:00:00
4A.4 Period of calculation of reinvestment price
Start Date	End Date
31/3/2022	6/4/2022
4A.5 DRP price calculation methodology

Shares will be issued at the volume weighted average trading price for the 5 trading days following the record date of 30

March 2022

4A.6 DRP Price (including any discount):

AUD

4A.8 Will DRP +securities be a new issue?

4A.7 DRP +securities +issue date

Yes

4A.8a Do DRP +securities rank pari passu from +issue date?

Yes

• 4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?

  No

• 4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?

No

4A.11 Are there any other conditions applying to DRP participation?

Yes

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