BSA LIMITED — Capital/Financing Update 2020

Apr 15, 2020

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16 April 2020

FOR IMMEDIATE RELEASE

General Manager ASX Market Announcements Australian Securities Exchange Limited PO Box H224 Australia Square Sydney NSW 1215

Trading Update

BSA Limited (ASX: BSA) wishes to update the market on trading activities given the extenuating circumstances as a result of the Covid-19 lockdown of global economies.

Following a review of the March results, we are pleased to advise that the business is currently tracking to internal forecasts. We are also continuing to tender significant volumes of new work and are encouraged by the future opportunities presenting themselves.

Notwithstanding this, the current economic uncertainty may lead to some deferral in work volumes in the last quarter of the financial year. As such, the Board feels it would be prudent to suspend the guidance given on 25 February 2020.

This Announcement is authorised by the Board.

Graham Seppelt Company Secretary BSA Limited T: +61 2 8748 2464 E: corporate@bsa.com.au

Registered Office: Level 7, 3 Thomas Holt Drive, Macquarie Park NSW 2127 P: 02 8748 2400 F: 02 8748 2577 ABN: 50 088 412 748 www.bsa.com.au