SRG GLOBAL LIMITED — AGM Information 2011

Jun 2, 2011

Good morning Ladies and Gentlemen and welcome to this General Meeting of Shareholders of Global Construction Services Limited.

My name is Sam Mangione. I am the Chairman of the GCS Group and I will be chairing today's meeting.

Please ensure that you have signed the attendance register.

I note there is a quorum present and declare the meeting open.

The Notice of Meeting dated 2 May 2011 and entitled "Notice of General Meeting Explanatory Statement and Proxy Form" has been circulated to all GCS shareholders and I will therefore take that notice as read.

The purpose of this meeting is to consider and vote on the resolutions outlined in the Notice of Meeting

Proxy votes have been received. The total number of valid proxy votes and the manner in which the proxies are to vote will be presented before each resolution is considered and voted upon.

I note that where a proxy vote has been given to the chairman without voting instructions, I intend to vote in favour of the resolution.

I would like to introduce you to the Company's Directors and Company Secretary, who are present at this meeting.

Mr Enzo Gullotti Managing Director of the GCS Group Mr George Chiari Executive Director Mr Vince Gerasolo Company Secretary

The format of the meeting will be as follows:

I will deliver a brief overview on GCS's current position.

We will then deal with the formalities of the meeting, which include voting on the 2 resolutions included in the Notice of Meeting.

In April 2011, GCS upgraded its full year forecast to a net profit of $19.1 million after tax.

This upgrade is a 12% increase over the previously announced upgraded profit forecast of $17.1m and a 67% increase over our FY10 result of $11.4 million

The acquisition of GIS will secure a significant additional pool of labour, open up new expansion opportunities for the group and strengthen major client relationships.

The GIS acquisition will be EPS accretive in FY12 and contribute strong margins and cash flows to the group.

The combined GCS-GIS group is strongly placed to capture significant new contract revenue in FY12 and the group is currently tendering on a number of major projects and is actively pursuing new opportunities.

The GCS Group expects to be able to maintain its increased level of earnings in future years on the back of increased activity in Civil Construction and demand for services to support expansion in the Oil & Gas and Mining Services sector.

As a Board we are very pleased with the performance of the company thus far in FY11 and are looking forward to building on our strengths to take full advantage of the pipeline of opportunities in 2012 and beyond.

We will now proceed to the formal business of the meeting.

Resolution 1 – Ratification of Placement

The resolution before the meeting is to consider, and if thought fit, pass the following as an ordinary resolution:

That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, Shareholders approve and ratify the allotment and issue of 10,000,000 fully paid ordinary shares in the capital of the Company under the placement announced on 20 April 2011 to sophisticated and professional investors on the terms and conditions set out in the Explanatory Memorandum accompanying this notice.

Resolution 1
Ratification of PlacementThe following proxies have been received:
Vote	Voted	%	% of all securities
For	55,295,507	99.66	54.56
Against	26,623	0.05	0.03
Open	158,727	0.29	0.16
Abstain	6,334	N/A	0.01
Excluded	0	N/A	0
Securities on issue101,350,916

For the information of the meeting, proxies received are displayed on the screen and are overwhelmingly in favour of the resolution.

Are there any questions regarding this resolution?

There being no further questions, I will now put the resolution to a vote, with a show of hands.

All those in FAVOUR?

All those AGAINST?

I declare the resolution PASSED.

Thank You

Resolution 2 – Approval of Share Issue to Sellers Pursuant to GIS Acquisition.

To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution:

That, for the purpose of Listing Rule 7.1 and for all other purposes, shareholders approve the allotment and issue of up to 14,304,071 fully paid ordinary shares in the capital of the Company to the current shareholders of Global Industrial Services (Aust) Pty Ltd (GIS), being the share component of the consideration payable to the Sellers for the GIS Acquisition, on the terms and conditions set out in the Explanatory Memorandum.

For the information of the meeting, proxies received are displayed on the screen and are overwhelmingly in favour of the resolution.

Are there any questions regarding this resolution?

There being no further questions, I will now put the resolution to a vote, with a show of hands.

All those in FAVOUR ? All those AGAINST ?

I declare the resolution PASSED.

This concludes the formal business of the Company today

I Thank you for your attendance.

The Board looks forward to joining you shortly for refreshments.