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SRG GLOBAL LIMITED Board/Management Information 2012

Jul 31, 2012

65852_rns_2012-07-31_8c40b155-2d30-48fe-a2a4-6a889eae0cab.pdf

Board/Management Information

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GCS GROUP MANAGING DIRECTOR AND KEY EXECUTIVES EXTEND TENURE

  • Group Managing Director and Key Executives extend for an additional three years

Construction services group Global Construction Services Limited (ASX: GCS, “GCS Group”) is pleased to announce the extended tenure of several key executives.

GCS Group Managing Director Mr Enzo Gullotti will continue leading GCS Group for a further three years until 30 June 2015.

Additionally, GCS Executive Director, Mr George Chiari and Key Executives Mr Primo Chiari, Mr Luis Used, Mr Bruce Callender and Mr Jason Harriman of CASC, GCS Group’s contracting arm have also renewed their tenure for a further three years until 30 June 2015.

GCS Group Chairman Peter Wade said, “I am delighted to formally announce the extensions of contracts for Mr Enzo Gullotti, and our CASC Key Executives. Mr Gullotti has been instrumental in building and leading the GCS Group to become the pre-eminent company in its markets.

GCS has a distinguished history of growth and success since its inception with Mr Gullotti at the helm, the extension to his tenure is significant in the continuity of the Group’s strategy.”

Mr Gullotti will be on the same remuneration, terms and conditions as his current contract. The details are available in the 2011 Global Construction Services Limited Annual Report. Mr Gullotti will receive a one off re-signing incentive of $50,000 for the extension of his contract.

Mr George Chiari, Mr Primo Chiari, Mr Luis Used, Mr Bruce Callender and Mr Jason Harriman have also extended their tenures on the same remuneration, terms and conditions as their current contracts.

The details are available in the 2011 Global Construction Services Limited Annual Report. Each Key Executive will receive a one off re-signing incentive of $35,000 for the extension of their contract.

“GCS Group has assembled an experienced executive team which is second-to -none in the industry. The GCS Group has been preparing to take advantage of the unprecedented amount of investment activity committed in Western Australia over the next three to five years totalling $267 billion. I look forward to leading the GCS Group as it enters this next phase in its development.” said GCS Group Managing Director Mr Enzo Gullotti.

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-ENDS-

About GCS Group

GCS Group (ASX: GCS) is an Australian construction and maintenance services company that offers a diverse range of integrated products, services and solutions covering the Infrastructure; Energy; Oil and Gas; Resources and Industrial; Commercial; and Residential sectors.

GCS Group’s strategy for growth is to continue to capitalise on opportunities in the sectors it currently services, explore new markets and products, diversify into related industry sectors and acquire selected new businesses that create value for shareholders.

Further Information contact:

Peter Wade Chairman on +61 8 9479 7990 - Or visit: http://www.gcs group.com.au

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