Arbitration update

The Board of Southern Cross Electrical Engineering Limited (“SCEE”) advises that SCEE’s subsidiary, Heyday, has been unsuccessful in its arbitration proceedings claiming against the CPB Dragados Samsung Joint Venture (“CDSJV”) for additional costs incurred in performing works on the WestConnex M5 motorway tunnel project in Sydney. The commencement of the arbitration was announced to the ASX on 2 D