SRG GLOBAL LIMITED — Capital/Financing Update 2008

Jul 7, 2008

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ASX / MEDIA ANNOUNCEMENT 8 July 2008

GCS Announces Acquisition in South West WA

Construction services group Global Construction Services (ASX: GCS, “GCS Group”) is pleased to announce the acquisition of a 75% interest in hire and sales provider Coastal Hire Pty Ltd (Coastal).

With branches in Bunbury, Busselton, Dunsborough and Margaret River, Coastal provides a range of construction services to customers in the fast-growing south west corridor of Western Australia.

GCS will acquire 75% of the shares in Coastal for $4.5 million in cash. The purchase will be debt funded with the balance of 25% to be acquired over the next two years. The balance of the purchase price is subject to the continued earnings performance of Coastal.

The acquisition includes plant and equipment with a replacement cost in excess of $3.5 million. The acquisition is expected to be earnings accretive.

GCS Group Managing Director Enzo Gullotti said he was pleased with the acquisition and looked forward to integrating the new business into the Group.

“This is another strategic acquisition for the GCS Group and provides the Group with an excellent entry into the high growth South West region of WA,” said Mr Gullotti.

“Coastal’s core business is very similar to GCS’ existing operations and will be a positive addition to the Group’s suite of existing services. Coastal is also involved in temporary fencing and events management hire in the South West and plans are in place for GCS to add these to its suite of services in the Perth metropolitan market.”

“In addition to these services, Coastal operates a general plant hire division out of its Dunsborough location, which the Group will expand on and introduce to other locations,” he said.

John Morrow, founder of Coastal will remain with the business as part of the GCS Group. Mr Morrow has an extensive history with the construction industry in the South West spanning 14 years.

Mr Gullotti said GCS Group continued to evaluate a range of opportunities that have the potential to provide a positive effect on GCS’s earnings and create value for shareholders.

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The acquisition is still subject to execution of the formal documentation. Settlement is expected to take place on 31 July 2008, with an effective date of 1 July 2008.

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

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

About GCS Group

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.

In April 2008 the Company revised upwards its net profit forecast for FY08 to $9.5 million, equating to 14.5 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 in new markets, diversify into related industries and industry sectors and acquire selected new businesses that create value for shareholders.