SRG GLOBAL LIMITED — Capital/Financing Update 2007

Aug 28, 2007

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ASX / MEDIA ANNOUNCEMENT 29 AUGUST 2007

GCS Acquires Bayswater Scaffold Hire

Construction services group Global Construction Services (ASX: GCS, “GCS Group”) is pleased to announce the acquisition of Perth-based Bayswater Scaffold Hire.

Bayswater Scaffold Hire provides scaffolding to the Perth residential market and has been active in the construction services industry for over 25 years.

GCS Group will pay $500,000 in cash for the Bayswater business, which has an annual turnover of approximately $950,000 and strong profit margins.

The acquisition will be earnings accretive in its first year.

GCS Group Managing Director Enzo Gullotti said the acquisition was in line with the growth strategy set out in the Company’s recent Prospectus.

“We are looking to make acquisitions that are synergistic with the Group’s existing operations and which are earnings accretive,” said Mr Gullotti.

“This acquisition is an excellent addition to GCS Group and is the first of many we expect to make in the coming 12 months.

“Although this represents a modest increase in the Group’s revenue, it will have a very positive effect on GCS’s earnings.”

As part of the transaction, Bayswater Scaffold Hire owner Glenn Edwards will remain with the business, joining the GCS management team.

Settlement is expected to take place on 1 September 2007.

-ENDS-

Further Information:

Katherine Knox Porter Novelli (08) 9386 1233 0421 186 129

Or visit: http://www.gcs-group.net

About GCS Group

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GCS Group (ASX: GCS) is a construction services company that supplies equipment to the construction industry such as scaffolding, formwork, material hoists, temporary accommodation and chemical toilets together with a range of related labour and design services.

GCS Group is forecasting a net profit of $8.2 million for FY08, equating to 12.5 cents per share.

GCS Group’s strategy for growth is to focus primarily on servicing the West Australian construction industry. In addition, the Company intends to explore opportunities on the East Coast as well as diversify into related industries and industry sectors and acquire selected new businesses that create value for shareholders.