BSA LIMITED — Director's Dealing 2008

May 18, 2008

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For Immediate Release

Monday 19 May 2008

General Manager The Company Announcements Office Australian Stock Exchange Limited PO Box H224 Australia Square Sydney NSW 1215

Dear Sir/Madam,

– Change of Directors Interests Appendix 3Y

Please find attached Appendix 3Y notice of changes of Directors’ interests.

For further information, please contact: -

Graham Seppelt 0419 035 297

On behalf of the Board

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Graham Seppelt Secretary

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Head Office: Unit 8, 79-99 St Hilliers Road Auburn NSW 2144 Phone: (02) 8748 2400 Fax: (02) 8748 2577 corporate@bsa.com.au

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity: BSA Limited

ABN: 50 088 412 748

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	EDWIN MAXWELL COWLEY
Date of last notice	16 April 2008

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Director Related Entity Birketu Pty Ltd
Date of change	16 May 2008
No. of securities held prior to change	39,912,037
Class	Ordinary
Number acquired	120,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$50,419
No. of securities held after change	40,032,037
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market trade

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change