SRG GLOBAL LIMITED — Capital/Financing Update 2012

Sep 6, 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).

• $\mathbf{I}$ +Class of +securities issued or to Fully paid ordinary shares be issued
• Number of +securities issued or to $\overline{2}$ be issued (if known) or maximum number which may be issued

Approximately 36,395,231 fully paid ordinary shares issued pursuant Accelerated Non-Renounceable Entitlement Offer and approximately 17,267,706 fully paid ordinary shares issued pursuant to the Institutional Placement as announced 7 September 2012.

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

Fully paid ordinary shares issued for cash consideration.

+ See chapter 19 for defined terms.

4	Do the + securities rank equally inall respects from the date ofallotment with an existing + class ofquoted +securities?If the additional securities do notrank equally, please state:the date from which they dotowhichthe extenttheyparticipateforthenextdividend, (in the case of a trust,distribution)interestorpaymentthe extent to which they do notrank equally, other than inrelation to the next dividend,distribution or interest payment	Yes. Securities rank equally with existing fullypaid ordinary shares.
5	Issue price or consideration	$0.60 per share
6	Purpose of the issue(If issued as consideration for theacquisitionofclearlyassets,identify those assets)	The net proceeds of the Entitlement Offer andwillInstitutionalPlacementbeusedtoGlobalConstructioncontributetowardServices' growth capital and working capitalrequirements and pay down its existing bankingfacilities.
		Refer to announcement dated 7 September2012.
6a	Is the entity an + eligible entity thatobtainedholderhassecurityapproval under rule 7.1A?If Yes, complete sections $6b - 6h$in relation to the $\pm$ securities thesubject of this Appendix 3B, andcomply with section 6i	No
6b	the security holderdateTheresolution under rule 7.1A waspassed
6c	of $+$ securitiesissuedNumberwithout security holder approvalunder rule 7.1
6d	Number of + securities issued withsecurity holder approval under rule7.1A

$+$ See chapter 19 for defined terms.

• Number of +securities issued with 6e 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
• Calculate the entity's remaining $6i$ issue capacity under rule 7.1 and rule $7.1A$ – complete Annexure 1 and release to ASX Market Announcements
• Dates of entering +securities into $\overline{7}$ uncertificated holdings or despatch of certificates

under the Institutional issued Shares

September 2012 Shares issued under the Retail Entitlement

Offer: 10 October 2012

Entitlement Offer and the Placement: 14

+ See chapter 19 for defined terms.

Appendix 3BNew issue announcement

$\geq$

$+$ See chapter 19 for defined terms.

	Number	+ Class
Number and $\text{t}$ -class of all 645,000*securities not quoted on ASX(including the securities in section)2 if applicable)		Unlisted employeeoptions

$1010$ Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Part 2 - Bonus issue or pro rata issue

11	holdersecurityapprovalls.required?	No
12	Is the issue renounceable or non-renounceable?	Non-Renounceable
13	Ratio in which the + securities willbe offered	5 fully paid ordinary shares for every 16existing fully paid ordinary shares held on therecord date
14	+ Class of + securities to which theoffer relates	Fully paid ordinary shares
15	+ Recorddeterminedatetoentitlements	7.00pm (Sydney Time) on 10 September 2012
16	Will holdings on different registers(or subregisters) be aggregated forcalculating entitlements?	No
17	Policy for deciding entitlements inrelation 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 whowillnotbesentissuenewdocuments	Shareholders in countries other than Australia,New Zealand, Singapore and Hong Kong
	Note: Security holders must be told how theirentitlements are to be dealt with.
	Cross reference: rule 7.7.
19	ofreceiptClosingdateforacceptances or renunciations	2012InstitutionalSeptemberforthe7OfferPlacementEntitlementandandOctober 2012 for the Retail Entitlement Offer

+ See chapter 19 for defined terms.

Appendix 3BNew issue announcement

$\sim 10$

20	Names of any underwriters	Bell Potter Securities Limited with respect tothe Retail Entitlement Offer only
21	Amount of any underwriting fee orcommission	Management, selling and underwriting fee of5% of the funds raised.
22	Names of any brokers to the issue	N/A
23	Fee or commission payable to thebroker to the issue	N/A
24	Amount of any handling fee payableto brokers who lodge acceptanceson behalf ofrenunciationsO 1*security holders	Not currently provided for
25	If the issueis contingenton"security holders' approval, the dateof the meeting	N/A
26	Date entitlement and acceptanceform and prospectus or ProductDisclosure Statement will be sent topersons entitled	No prospectus has been prepared. The RetailEntitlement Offer documents will bedispatched to eligible retail shareholders on 14September 2012.
27	If the entity has issued options, andthe terms entitle option holders toparticipate on exercise, the date onwhich notices will be sent to optionholders	N/A
28	Date rights trading will begin (if N/Aapplicable)
29	Date rights trading will end (ifapplicable)	N/A
30	How do + security holders sell theirin full throughentitlementsabroker?	N/A
31	How do + security holders sell partof their entitlements through abroker and accept for the balance?	N/A

+ See chapter 19 for defined terms.

their entitlements (except by sale)through a broker)?	How do $\dot{}$ security holders dispose of $\vert N/A \rangle$
+ Despatch date	14 September 2012 under the InstitutionalEntitlement Offer and 10 October 2012 underthe Retail Entitlement Offer

Part 3 - Quotation of securities

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

34	Type of securities(tick one)
(a)	Securities described in Part 1
(b)	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
• 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
• If the +securities are +equity securities, a distribution schedule of the additional 36 *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.

Entities that have ticked box 34(b)

• 38 Number of securities for which +quotation is sought
• 39 Class of +securities for which quotation is sought
• 40 Do the +securities rank equally 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 $\bullet$
• 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 not $\bullet$ rank equally, other than in relation to the next dividend, distribution or interest payment
• 41 Reason for request for quotation 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 +securities 42 quoted on ASX (including the securities in clause 38)

Number	+ Class

+ See chapter 19 for defined terms.

Quotation agreement

• $\overline{1}$ *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
  • $\bullet$ 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.
• $\overline{3}$ We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• $\overline{4}$ We give ASX the information and documents required by this form. If any 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.

Sign here:

......................................

Company secretary

Print name:

Vince Gerasolo

$== == == ==$

+ See chapter 19 for defined terms.