SRG GLOBAL LIMITED — Earnings Release 2011

Feb 21, 2011

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ASX / MEDIA ANNOUNCEMENT 22 February 2011

GCS DELIVERS $9.1m FIRST HALF PROFIT AFTER TAX, UP 86%

Highlights

• Net Profit up 86% to $9.1 million

• Revenue up 82% to $69.7 million

• Earnings per share of 10.1 cents (up 74%)

• Interim fully franked dividend of 3.75 cents

• Strong financial performance forecast for FY11 – earnings to rise 50% on FY10 full year

Construction services group Global Construction Services Limited ( ASX: GCS, “GCS Group” ) today announced a $9.1 million net profit for the half year to 31 December 2010, an increase of 86% over the prior corresponding period to 31 December 2009.

The group has an outstanding platform for growth and the Board is confident that GCS will meet its full year forecast of $17 million – an increase of more than 50% year on year.

The forecast earnings increase is being driven by substantial growth across the group’s core business units, in particular the Commercial Division.

The first half profit of $9.1 million – up 86% on FY10H1 – was achieved on group revenue of $69.7 million, a rise of 82%.

Group EBITDA for the period was $18.1 million (up 74% from $10.4 million previously), with operating margins reducing slightly to 26.0% (27.2%).

Earnings per share was 10.1 cents (up 74% from 5.8 cents previously) and the board has maintained its payout ratio, recommending a fully franked interim dividend of 3.75 cents (2.25 cents previously).

The directors have recommended the payment of a fully franked interim dividend of 3.75 cents per share, with a record date of 15 March, to be paid on 31 March. The Company Dividend Reinvestment Plan (DRP) will apply to this dividend, providing shareholders with the option to reinvest all or part of their eligible dividends at a price established by applying a discount, set at 2.5%, to the 5 day VWAP up to and including the record date.

GCS Managing Director Enzo Gullotti said he was pleased with the strong first half performance which has exceeded market expectations and underpins the forecast full year result.

“We have an outstanding platform for growth and we are confident of delivering the substantial forecast rises in revenue and earnings in FY11” said Mr Gullotti.

“Forecast earnings increase will be driven by substantial growth across the group’s core business units, especially from the Commercial Division, and increased contributions from the equipment hire operations.

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Mr Gullotti said GCS will be seeking to capture significant new contract revenue on the back of increased activity in civil construction, local infrastructure projects and demand for services to support expansion in the Oil & Gas sector.

The Residential Division has exceeded its first half sales targets and the sector is experiencing an increased level of activity.

The GCS Resource & Industrial division is expanding its footprint in the north west of Western Australia with the opening of a new GCS Hire branch in Newman. The branch will be operational in March 2011, offering the full suite of GCS products and services. GCS is planning to open additional branches in the Northwest to service the strong demand from the resource industry.

The Board believes GCS is well placed to capture a significant slice of service revenue from the $100 billion in committed projects now being developed in the region, onshore and offshore.

“We will continue to grow GCS, allowing us to take greater advantage of the major scale business opportunities that WA has to offer over the coming decade from already committed projects,” said Mr Gullotti.

“We will continue to approach this on a disciplined basis, applying a strict focus to all aspects of the business, and will build size in the group through organic and acquisitive growth, nationally and internationally.

-ENDS-

About GCS Group

GCS Group (ASX: GCS) is a diversified construction services company that supplies 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 a range of related labour and design services.

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 in new markets, diversify into related industries and industry sectors and acquire selected new businesses that create value for shareholders.

Further Information

Enzo Gullotti Managing Director 08 9479 7990

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