SRG GLOBAL LIMITED — M&A Activity 2007

Oct 2, 2007

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ASX / MEDIA ANNOUNCEMENT 3 OCTOBER 2007

GCS Announces Acquisition of Budget Portables

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

The purchase consideration is $10 million, comprising a full cash payment. The purchase will be financed from cash reserves and debt.

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.

The acquisition includes plant and equipment with a replacement cost in excess of $9 million.

Budget Portables has demonstrated consistent growth in earnings over the last three years. The acquisition is expected to be earnings accretive.

GCS Group Managing Director Enzo Gullotti said the acquisition of Budget Portables was a well-timed opportunity for GCS Group and would significantly increase the Group’s presence in the temporary site accommodation market.

“The acquisition of Budget Portables will leverage GCS to become one of the major players in this segment of the market,” said Mr Gullotti.

“Budget Portables has been in operation for approximately 17 years and has a very good reputation in the building services market.

“The business has a strong longstanding clientele, and will bring to GCS a new and fresh customer base to which we will look to cross-sell our suite of other products and services.”

Budget Portables is GCS Group’s second purchase since its ASX listing on 17 August 2007.

Mr Gullotti said GCS Group continued to evaluate a range of opportunities that have the potential to provide a positive effect on GCS’s earnings and create value for shareholders.

“This is another strategic acquisition for us,” he said.

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“The business is synergistic with GCS’s existing operations and will have a positive earnings per share impact.”

Ernie Weston, co-founder of Budget Portables, will remain with the business for three years as General Manager. Mr Weston has 27 years experience in the construction services industry.

The acquisition is subject to execution of the formal documentation. Settlement is expected to take place on 1 November 2007.

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Further Information:

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

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

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.