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SRG GLOBAL LIMITED Capital/Financing Update 2012

Sep 9, 2012

65852_rns_2012-09-09_ba663420-0de4-464d-a322-61bb5ccab33d.pdf

Capital/Financing Update

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ASX MEDIA ANNOUNCEMENT 10 September 2012

GCS SUCCESSFULLY COMPLETES INSTITUTIONAL COMPONENT OF PLACEMENT AND ENTITLEMENT OFFER

  • Institutional Placement Oversubscribed

  • Strong support shown by existing and new institutional shareholders

Construction services group Global Construction Services Limited (ASX: GCS,“GCS” “GCS Group”) is pleased to announce the successful completion of the $16.9m institutional component (“Institutional Entitlement Offer”) of its accelerated non-renounceable 5 for 16 entitlement issue and the $10.4m placement to institutional and sophisticated investors (“Institutional Placement”).

The Institutional Entitlement Offer and Institutional Placement received strong support from GCS’ existing major institutional shareholders and a number of new leading domestic institutional investors and sophisticated investors demonstrated by the oversubscriptions in the Offer.

“GCS’ institutional shareholders have shown their confidence in the underlying fundamentals and strategy of the company. The GCS Group reaffirms its earnings guidance and the pipeline of imminent contract awards and will aim to resume the payment of dividends at the next half year.” said GCS Group Chairman Peter Wade.

GCS Group’s shares will recommence trading from market open on Monday 10 September 2012.

Retail Entitlement Offer

As previously announced, a $4.9 million retail offer will now commence as the final step in the overall approximate $32.2 million capital raising.

The 5-for-16 Non-Renounceable Entitlement Issue to retail shareholders (“Retail Entitlement Offer”) will open on Friday 14 September 2012 and close at 5:00pm (Sydney time) on Tuesday 2 October 2012.

The Entitlements under the Retail Entitlement Offer may only be exercised by eligible retail shareholders, being persons who are registered holders of GCS Group ordinary shares at 7:00pm (Sydney time) on Monday, 10 September 2012 and have a registered address in Australia or New Zealand.

Eligible retail shareholders will be able to subscribe at the same price as the Institutional Entitlement Offer of $0.60 per new share. The Retail Entitlement Offer, which has been underwritten by Bell Potter Securities, will raise up to approximately $4.9 million.

Eligible retail shareholders will be sent a Retail Offer Booklet on or around 14 September which will also be lodged with the ASX on or around 14 September 2012.

The Retail Offer Booklet is an important document and eligible retail shareholders should read it carefully (including the risk factors outlined in the investor presentation) in assessing the investment opportunity. Any eligible retail shareholders who wish to acquire new GCS shares under the Retail Entitlement Offer will need to complete, or otherwise apply in accordance with, the personalised Entitlement and Acceptance Form.

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-ENDS-

About GCS Group

GCS Group (ASX: GCS) is an Australian construction and maintenance services company that offers a diverse range of integrated products, services and solutions covering the Infrastructure; Energy; Oil and Gas; Resources and Industrial; Commercial; and Residential sectors.

GCS Group’s strategy for growth is to continue to capitalise on opportunities in the sectors it currently services, explore new markets and products, diversify into related industry sectors and acquire selected new businesses that create value for shareholders.

Further Information contact:

Mr Enzo Gullotti Group, Managing Director

Ph: +61 8 9479 7990 Or visit : http://www.gcs-group.com.au

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