SRG GLOBAL LIMITED — Capital/Financing Update 2012

Oct 22, 2012

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement. application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

Global Construction Services Ltd

ABN

81 104 662 259

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

$\pm$ Class of $\pm$ securities issued or to | $\mathbf{I}$ be issued

Fully paid ordinary shares

Number of +securities issued or $\overline{\mathbf{c}}$ to be issued (if known) or maximum number which may be issued

Principal terms of the $\overline{\mathbf{3}}$ *securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

130,887 fully paid ordinary shares issued pursuant to the Retail Entitlement Offer, as announced on 7 September 2012.

Fully paid ordinary shares issued for cash consideration.

Appendix 3B Page 1

+ See chapter 19 for defined terms.

Do the +securities rank equally $\overline{4}$ in all respects from the date of allotment with an existing +class of quoted *securities?

If the additional securities do not rank equally, please state:

• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) $\alpha$ r interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Issue price or consideration $\overline{5}$

6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)

6a Is the entity an +eligible entity No that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

• 6b The date the security holder resolution under rule 7.1A was passed
• Number of +securities issued 6c without security holder approval under rule 7.1

Yes. Securities rank equally with existing fully paid ordinary shares.

$0.60 per share

The net proceeds of the Retail Entitlement Offer will be used to contribute toward Global Construction Service's growth capital and working capital requirements and pay down its existing banking facilities.

Refer to announcement dated 7 September 2012.

+ See chapter 19 for defined terms.

• 6d Number of +securities issued with security holder approval under rule 7.1A
• Number of +securities issued 6e with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
• $6f$ Number of securities issued under an exception in rule 7.2
• If securities issued under rule 6g 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.
• 6h If securities were issued under rule $7.1A$ for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
• 6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements
• Dates of entering 'securities | 22 October 2012 $\overline{7}$ into uncertificated holdings or despatch of certificates
• 8 Number and +class of all +securities quoted on ASX (including the securities in section 2 if applicable)

Number	+ Class
170,259,052	Fully paid ordinaryshares

• See chapter 19 for defined terms.

Number and +class of all $\overline{9}$ *securities not quoted on ASX (including the securities in section 2 if applicable)

Number	+ Class
690,000	Unlisted employeeoptions

Dividend policy (in the case of a $10$ trust, distribution policy) on theincreased capital (interests)

Part 2 - Bonus issue or pro rata issue

11	holderapprovalsecuritylsrequired?	No
12	Is the issue renounceable or non-renounceable?	Non-Renounceable
13	Ratio in which the + securitieswill be offered	5 fully paid ordinary shares for every 16existing fully paid ordinary shares held on therecord date
14	+ Class of + securities to which the Fully paid ordinary sharesoffer relates
15	+Recorddeterminedatetoentitlements	7.00pm (Sydney Time) on 10 September 2012
16	differentWillholdings$_{\text{on}}$registers (or subregisters) beforcalculatingaggregatedentitlements?	No
17	Policy for deciding entitlementsin relation to fractions	Entitlements in relation to fractions of shareswill be rounded up to the next whole share
18	Names of countries in which theentity has + security holders whowill not be sent new issuedocumentsNote: Security holders must be told how theirentitlements are to be dealt with.Cross reference: rule 7.7.	Shareholders in countries other than Australia,New Zealand, Singapore and Hong Kong

+ See chapter 19 for defined terms.

Closing date for receipt of $\boxed{2 \text{ October } 2012}$ acceptances or renunciations 19

+ See chapter 19 for defined terms.

Appendix 3BNew issue announcement

20	Names of any underwriters	Bell Potter Securities Limited with respect tothe Retail Entitlement Offer only
21	Amount of any underwriting feeor commission	Management, selling and underwriting fee of5% of the funds raised.
22	Names of any brokers to theissue	N/A
23	Fee or commission payable to thebroker to the issue	N/A
24	Amount of any handling feepayable to brokers who lodgeacceptances or renunciations onbehalf of *security holders	Not currently provided for
25	If the issue is contingent on*security holders' approval, thedate of the meeting	N/A
26	Date entitlement and acceptanceform and prospectus or ProductDisclosure Statement will be sentto persons entitled	No prospectus has been prepared. The RetailEntitlement Offer documents were dispatchedto eligible retail shareholders on 14 September2012.
27	If the entity has issued options,and the terms entitle optionholdersparticipatetoonexercise, the date on whichnotices will be sent to optionholders	N/A
28	Date rights trading will begin (if $\vert$ N/Aapplicable)
29	Date rights trading will end (ifapplicable)	N/A
30	How do + security holders selltheir entitlements in full througha broker?	N/A
31	How do + security holders selltheirentitlementsofpartthrough a broker and accept forthe balance?	N/A

+ See chapter 19 for defined terms.

$32$ How do +security holders dispose of their entitlements (except by sale through a broker)?

+Despatch date 33

$N/A$

10 October 2012

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

Type of securities 34

(tick one)

Securities described in Part 1

All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35

$(a)$

$(b)$

If the 'securities are 'equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

36 If the 'securities are 'equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ 5,001 - 10,000 10,001 - 100,000 100,001 and over

37

A copy of any trust deed for the additional +securities

+ See chapter 19 for defined terms.

• $38$ Number of securities for which +quotation is sought
• Class of +securities for which 39 quotation is sought
• Do the +securities rank equally in 40 all respects from the date of allotment with an existing +class of quoted +securities?

If the additional securities do not rank equally, please state:

• the date from which they do
• the extent to which they $\bullet$ participate for the $next$ dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do $\bullet$ not rank equally, other than in relation to the next dividend, distribution $or$ interest payment
• Reason for request for quotation $41$ now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

Number and +class of all 42 *securities quoted on ASX (including the securities in clause $38)$

Number	+ Class

+ See chapter 19 for defined terms.

Quotation agreement

• +Quotation of our additional +securities is in ASX's absolute discretion. ASX $\mathbf{1}$ may quote the *securities on any conditions it decides.
• We warrant the following to ASX. $\overline{2}$
  • The issue of the 'securities to be quoted complies with the law and is not for an illegal purpose.
  • There is no reason why those 'securities should not be granted *quotation.
  • An offer of the securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any 'securities to be quoted and that no-one has any right to return any 'securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the 'securities be quoted.
• If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the 'securities be quoted.
• We will indemnify ASX to the fullest extent permitted by law in respect of any $\overline{\mathbf{3}}$ claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• We give ASX the information and documents required by this form. If any $\overline{4}$ information or document not available now, will give it to ASX before *quotation of the *securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Company secretary

Date: 23 October 2012

Sign here:

Print name:

Vince Gerasolo.

$m = m = m = m = m$

+ See chapter 19 for defined terms.