SRG GLOBAL LIMITED — Capital/Financing Update 2008

Jan 31, 2008

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ASX / MEDIA ANNOUNCEMENT 1 February 2008

GCS Completes Acquisition of Concrete Contractors

Construction services group Global Construction Services (ASX: GCS, “GCS

Group”) is pleased to announce that settlement has taken place on the acquisition of two Perth-based concrete contracting businesses, Newave Contracting Pty Ltd (Newave) and Blueline Contracting Pty Ltd (Blueline).

The acquisitions provide a substantial boost to GCS Group’s presence and capability in the West Australian construction sector.

Newave and Blueline are involved in the supply and installation of concrete, together with related labour services, predominantly to Perth’s commercial construction sector.

GCS Group Managing Director Enzo Gullotti said he was pleased to have settled the acquisitions and looked forward to integrating the new businesses into the Group.

“The very good reputations of Newave and Blueline combined with their market share in the WA concrete contracting industry make the acquisition of these companies a very exciting opportunity for us,” said Mr Gullotti.

“We expect the acquisitions to significantly strengthen GCS’ presence in the WA commercial construction industry.”

Mr Gullotti added that GCS Group continued to assess a variety of growth opportunities as part of the Group’s expansion strategy.

Total consideration for the acquisitions was $7.3 million. The purchases were financed through a mixture of cash and the issue of 333,334 GCS shares.

The acquisitions are expected to be earnings accretive in their first full year under GCS Group ownership.

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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.

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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.

Further Information:

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

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