SRG GLOBAL LIMITED — Major Shareholding Notification 2012

Dec 20, 2012

FORM 603

Corporations Act 2001 Section 671B

NOTICE OF INITIAL SUBSTANTIAL HOLDER

To: Company Name/Scheme ACN/ARSN

GCS - Global Construction Services Limited

104 662 259

1. Details of Substantial Holder(1)

Name Acorn Capital Limited ACN/ARSN (if applicable) 082 694 531 The holder became a substantial holder on 21/12/2012

2. Details of Voting Power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of Securities (4)	Number of Securities	Person's Votes (5)	Voting Power (6)
Ordinary	8,593,003	8,593,003	5.05%

3. Details of Relevant Interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of Relevant Interest	Nature of Relevant Interest (7)	Class and Number of Sec	urities
Acorn Capital Limited	Power to (or to control) exercise vote and/ordispose of the shares as discretionaryinvestment managers or advisers tosuperannuation funds, pooledsuperannuation trusts, managed investmentschemes and investment management	8,593,003
agreements

4. Details of Present Registered Holders

The persons registered as holders of the securities referred to in Paragraph 3 above are as follows:

Holder of Relevant Interest	Registered Holder of Securities	Person Entitled to beRegistered as Holder(8)	Class and Number ofSecurities
Queensland Local Government Superannuation	JP Morgan Chase Nominees		386,000
Acorn Capital Microcap Trust	National Nominees		400,433
Catholic Superannuation Fund	National Nominees		551,439
LUCRF Acorn Micro-Cap Equities	JP Morgan Chase Nominees		841,659
Commonwealth Super Corporation	HSBC Custody Nominees (AUS) Ltd		1,086,080
Commonwealth Bank Officers' Superannuation Fund	Citicorp Nominees		1,090,380
Sunsuper Fund	HSBC Custody Nominees (AUS) Ltd		1,677,006
UniSuper	National Nominees		2,560,006

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5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of Relevant Interest	Date of Acquisition	Consideration(9)	Consideration(9)	Class and Number of Securities
		Cash	Non-Cash
Acorn Capital Limited	05-Mar-2010 to 18-Dec-2012	$7,642,820.74		8,593,003

6. Associates

The reasons the persons named in Paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable) Name of Association

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
All Relevant Holders	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000

Print Name PAUL PALUMBO Capacity Portfolio Manager 21/12/2012 Sign Here Date

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