SRG GLOBAL LIMITED — Capital/Financing Update 2011

Aug 25, 2011

ASX / MEDIA ANNOUNCEMENT 26 August 2011

==> picture [126 x 81] intentionally omitted <==

GCS ACQUIRES STRATEGIC INTEREST IN EAST COAST SCAFFOLDING COMPANY

Construction services group Global Construction Services Limited (ASX: GCS, “GCS Group”) today announced it has acquired a 50% stake in SmartScaff Pty Ltd (SmartScaff).

Based in Melbourne and with operations and facilities in Sydney and Brisbane, SmartScaff is partly owned by Mr Rob Oberstar. Mr Oberstar has 24 years experience across all facets of the scaffolding industry and was formerly the Chief Executive Officer of the national scaffolding company Concept Hire Limited, until its acquisition by Cape PLC in 2007.

The strategic investment delivers an immediate platform for GCS to expand its operations into the East Coast and accelerate growth and operational benefits to both the GCS and SmartScaff businesses under the management of Mr Oberstar.

GCS as a cornerstone partner will use this opportunity to strengthen the corporate and operational capability of SmartScaff by diversifying and expanding the products and services SmartScaff currently offers.

“Significant synergies and alignment between GCS and SmartScaff are apparent in this transaction. SmartScaff is a perfect partner which springboards GCS onto the Eastern seaboard with immediate scale and experienced management” said GCS Group Managing Director Mr Enzo Gullotti.

The impact of the co operation with SmartScaff is immediate. SmartScaff will be supplying GCS Group labour hire subsidiary Global Industrial Services Pty Ltd on two recently awarded scaffolding contracts in Brisbane; the QE II Brisbane Hospital and Leighton Contractor’s Eagle St Project.

GCS Group will pay a consideration of $3.5 million in cash for 50% of the issued shares in SmartScaff. The consideration will be funded from current cash holdings. GCS will also nominate two directors’ to the Smartscaff board with entitlement to cast 50% of the board’s voting rights.

GCS Group announced on 25 August 2011, a 70% increase in net profit of $19.4 million on revenues of $146.5 million for the year ended 30 June 2011.

“The SmartScaff investment is a strategic fit which enhances and expands the geographic footprint of the GCS Group and meets our growth model criteria.” said Mr Gullotti.

“GCS will continue to actively explore new opportunities that will drive shareholder value and strategically fit and complement the group.” said Mr Gullotti.

-ENDS-

==> picture [563 x 54] intentionally omitted <==

==> picture [126 x 81] intentionally omitted <==

About GCS Group

GCS Group (ASX: GCS) is a diversified construction services company that supplies an extensive range of labour services and equipment to the construction and maintenance industries including hire and sales of scaffolding, formwork, material hoists, temporary accommodation, temporary fencing and general plant hire together with related design services.

GCS Group’s strategy for growth is to focus primarily on servicing the West Australian construction, oil and gas and mining services sectors. In addition, the Company intends to explore opportunities in new markets, diversify into related industry sectors and acquire selected new businesses that create value for shareholders.

Further Information

Enzo Gullotti Group Managing Director +61 8 9479 7990

Or visit: http://www.gcs-group.com.au