SRG GLOBAL LIMITED — M&A Activity 2007

Oct 31, 2007

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ASX / MEDIA ANNOUNCEMENT 1 NOVEMBER 2007

GCS Completes Acquisition of Budget Portables

Construction services group Global Construction Services (ASX: GCS, “GCS Group”) is pleased to announce that it has completed the acquisition of site accommodation provider Budget Portables.

The $10 million acquisition was funded through a mix of cash reserves and debt. The acquisition includes plant and equipment with a replacement cost of more than $9 million.

Budget Portables is a temporary site accommodation provider supplying transportable buildings and chemical toilets to the Western Australian market. Its customer base is predominantly in the commercial construction industry.

GCS Group Managing Director Enzo Gullotti said the acquisition of Budget Portables would further strengthen the Group’s position in the commercial construction services sector.

“Budget Portables has a first-rate reputation in the building services industry and will enable us to fortify our existing position within this segment of the market,” said Mr Gullotti.

“It is very pleasing to have another acquisition completed,” he said. “We will continue to evaluate other opportunities that have the potential to grow earnings and generate value for our shareholders.”

The acquisition is expected to be earnings accretive.

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About GCS Group

GCS Group (ASX: GCS) is a construction services company that supplies equipment to the construction industry such as scaffolding, formwork, material hoists, temporary accommodation and chemical toilets together with a range of related labour and design services.

GCS Group is forecasting a net profit of $8.2 million for FY08, equating to 12.5 cents per share.

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 on the East Coast as well as diversify into related industries and industry sectors and acquire selected new businesses that create value for shareholders.

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Further Information: Katherine Knox Porter Novelli (08) 9386 1233 0421 186 129

Or visit: http://www.gcs-group.net