BSA LIMITED — Earnings Release 2008

Jan 28, 2008

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For Immmediate Release

29 January 2008

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

Dear Sir/Madam,

BSA Exceeds First Half Expectations

BSA Limited (ASX Code: BSA) today announced that based on its unaudited Management Financial Statements for the six months ending 31 December 2007, the company’s EBITDA result of $10.5 million is in line with previous market guidance and is significantly up (47%) on the EBITDA result achieved for the corresponding period in the previous (2007) financial year. The NPAT result is expected to be in excess of $6 million.

BSA’s EBITDA increase on the previous corresponding period can be attributed to the strategic acquisition of Triple M group of companies which installs and maintains mechanical and fire services for many of Australia’s largest building projects.

BSA Managing Director Mark Foley said “the results are consistent with our previous guidance which included a Pro Forma 12 months of Triple M when in fact only 5 months of Triple M trading has been included in the first half”.

Mr Foley further added, “of significant importance in the first half was the signing of the SILCAR contract for the continued supply of installation and maintenance services to Telstra. This was particularly pleasing post the market reaction to the initial news that we had not secured a contract directly with Telstra. BSA is now well placed to maintain this solid performance for the second half with all major Contracting Solutions contracts locked down and a healthy forward order book in Triple M”.

Results for the six months ending 31 December 2007 are expected to be announced to the market in late February 2008.

ENDS

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Unit 11, 79-99 St Hilliers Rd 49 Borthwick Ave Auburn NSW 2144 Murarrie QLD 4172 Phone +61 (0) 2 8748 2400 Phone +61(0 7 3902 7500 Fax +61 (0) 2 8748 2577 Fax +61(0) 7 3902 7550 Web: www.bsa.com.au

27 Irvine Street Malaga WA 6090 Phone +61 (0) 8 9247 8500 Fax +61 (0) 8 9247 8588

For further information please contact:

Mark Foley – Managing Director (02) 8748 2464

BSA Limited is the largest provider of satellite installations for the subscription television industry and a significant provider of high volume contracting services to the telecommunications industry and a leading infrastructure and equipment supplier to the broadcast and telecommunications industries.

BSA completed the acquisition of the Triple M group of companies on 1 August 2007. Triple M designs, installs and maintains mechanical and fire services for many of Australia’s largest building projects. Services include leading environmental and energy efficient design of mechanical services such as Heating, Ventilation, Air Conditioning (HVAC); and fire services including protection, detection and suppression systems.

For more information visit BSA's website: www.bsa.com.au