BSA : Amended Appendix 2A

Question no

Question

Answer

1.1

*Name of entity

We (the entity here named) apply for +quotation of the following +securities and agree to the matters set out in

Appendix 2A of the ASX Listing Rules.1

BSA Limited

1.2

*Registration type and number

Please supply your ABN, ARSN, ARBN, ACN or another registration type and number (if you supply another registration type, please specify both the type of registration and the registration number).

ACN 088 412 748

1.3

*ASX issuer code

BSA

1.4

*This announcement is

Tick whichever is applicable.

☐ A new announcement

☒ An update/amendment to a previous announcement

☐ A cancellation of a previous announcement

1.4a

*Reason for update

Answer this question if your response to Q 1.4 is an update/amendment to previous announcement.

An amendment to show the further issue of 335,574 placement shares not previously announced as being issued, but included in the total shares on issue in the previously released Appendix 2A of today's date

1.4b

*Date of previous announcement to this update

Answer this question if your response to Q 1.4 is an update/amendment to previous announcement.

14 April 2022

1.4c

*Reason for cancellation

Answer this question if your response to Q 1.4 is "A cancellation of a previous announcement"

Question No.

Question

Answer

2.1

*The +securities to be quoted are:

Select whichever item is applicable.

If you wish to apply for quotation of different types of issues of securities, please complete a separate Appendix 2A for each type of issue.

• ☒ +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

• ☐ +Securities issued under a +dividend or distribution plan

• ☐ +Securities issued, transferred or re- classified as a result of options being exercised or other +convertible securities being converted

• ☐ Unquoted partly paid +securities that have been fully paid up and are now to become quoted fully paid +securities

  Note: there is no need to apply for quotation of

  the fully paid securities if the partly paid securities

  were already quoted

• ☐ +Restricted securities where the escrow period has expired or is about to expire

• ☐ +Securities previously issued under an +employee incentive scheme where the restrictions on transfer have ceased or are about to cease

• ☐ +Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

• ☐ Other [please specify]

If you have selected 'other' please explain the circumstances of the issue here:

2.1a

*Have the +securities to be quoted been issued yet?

Yes

2.1a.1

*What was their date of issue?

Answer this question if your response to Q2.1a is "Yes".

6 April 2022

2.1a.2

*What is their proposed date of issue?

Answer this question if your response to Q2.1a is "No".

2.2a.1

*Date of Appendix 3B notifying the market of the proposed issue of +securities for which quotation is now being sought

Answer this question if your response to Q2.1 is "Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B"

2x Appendix 3B on 6 April 2022 - 1x for entitlement offer - 1x for placement

1.4d

*Date of previous announcement to this cancellation

Answer this question if your response to Q 1.4 is "A cancellation of a previous announcement"

1.5

*Date of this announcement

14 April 2022

2.2a.2

*Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

Answer this question if your response to Q2.1 is "Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B".

Yes - for the entitlement offer No - for the placement

2.2a.2.1

*Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Answer this question if your response to Q2.1 is "Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B" and your response to Q2.2a.2 is "Yes".

Please provide details of the proposed dates and number of securities for the further issues. This may be the case, for example, if the Appendix 3B related to an accelerated pro rata offer with an institutional component being quoted on one date and a retail component being quoted on a later date.

Up to 29,245,910 ordinary shares issued as part of the retail offer component of the Accelerated Non-Renounceable Entitlement Offer which are expected to be issued on 11 May 2022 along with up to 155,000,000 Options to be issued under the Entitlement Offer on the same date.

2.2b.1

Date of Appendix 3A.1 lodged with ASX in relation to the underlying +dividend or distribution

Answer this question if your response to Q2.1 is "Securities issued under a dividend or distribution plan".

2.2c.1

Please state the number and type of options that were exercised or other +convertible securities that were converted (including their ASX security code)

Answer this question if your response to Q2.1 is "Securities issued, transferred or re-classified as a result of options being exercised or other convertible securities being converted".

2.2c.2

And the date the options were exercised or other +convertible securities were converted

Answer this question if your response to Q2.1 is "Securities issued, transferred or re-classified as a result of options being exercised or other convertible securities being converted".

Note: If this occurred over a range of dates, enter the first date and last date of the period in which the options were exercised or convertible securities were converted.

2.2c.3

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)?

Answer this question if your response to Q2.1 is "Securities issued, transferred or re-classified as a result of options being exercised or other convertible securities being converted".

Yes or No

Note: If you have answered "No", consider whether you need to lodge an Appendix 3H with ASX notifying ASX of the cessation of some or all of the remaining options or other convertible securities under Listing Rule 3.10.E. This may the case, for example, if options have lapsed because they have passed their expiry date without being exercised, or convertible debt securities have been repaid or redeemed without being converted.

2.2c.4

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

Answer this question if your response to Q2.1 is "Securities issued, transferred or re-classified as a result of options being exercised or other convertible securities being converted".

• ☐ An issue of new +securities

• ☐ A transfer of existing +securities

• ☐ A reclassification of the +convertible securities as securities in the same class as the +underlying securities

2.2c.5

The underlying securities being received by the holder are:

Answer this question if your response to Q2.1 is "Securities issued, transferred or re-classified as a result of options being exercised or other convertible securities being converted".

• ☐ Already quoted by ASX

• ☐ Intended to be, but are not yet, quoted by ASX

• ☐ Are not, and are not intended to be, quoted by ASX

2.2c.6

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

Answer this question if your response to Q2.1 is "Securities issued, transferred or re-classified as a result of options being exercised or other convertible securities being converted".

Yes or No

2.2c.7

*Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

Answer this question if your response to Q2.1 is "Securities issued, transferred or re-classified as a result of options being exercised or other convertible securities being converted" and your response to Q2.2c.6 is "Yes".

Yes or No

2.2c.7.a

*Provide details of the KMP or +associates who are exercising options or converting convertible securities.

Answer this question if your response to Q2.1 is "Securities issued, transferred or re-classified as a result of options being exercised or other convertible securities being converted", your response to Q2.2c.6 is "Yes" and your response to Q2.2c.7 is "Yes". Repeat the detail in the table below for each KMP involved. If the options or other convertible securities are held by the KMP, repeat the name of the KMP or insert "Same" in "Name of registered holder". If the options or other convertible securities are held by an associate of a KMP, insert the name of the associate in "Name of registered holder".

Name of KMP

Name of registered holder

[200 characters]

[200 characters]

Number of options being exercised or other +convertible securities being converted

[16 characters]

2.2d.1

Please state the number and type of unquoted partly paid +securities (including their ASX security code) that have been fully paid up and that are now to become quoted on ASX

Answer this question if your response to Q2.1 is "Partly paid securities that have been fully paid up and are now to become quoted fully paid securities".

2.2d.2

And the date the +securities were fully paid up

Answer this question if your response to Q2.1 is "Partly paid securities that have been fully paid up and are now to become quoted fully paid securities".

Note: If this occurred over a range of dates, enter the date the last of the securities was fully paid up.

2.2d.3

Is this all of the partly paid +securities on issue of that type (ie have all of those partly paid securities now been fully paid up)?

Answer this question if your response to Q2.1 is "Unquoted partly paid securities that have been fully paid up and are now to become quoted fully paid securities".

Yes or No

Note: If you have answered "No", consider whether you need to lodge an Appendix 3H with ASX notifying ASX of the cessation of some or all of the remaining partly paid securities under Listing Rule 3.10.E. This may the case, for example, if partly paid securities that have not had the call paid by the due date will be cancelled. If you are an NL company, consider also whether you have notification obligations in relation to any forfeiture of the partly paid securities not paid up under Listing Rule 3.12.

2.2e.1

Please state the number and type of +restricted securities (including their ASX security code) where the escrow period has expired or is about to expire

Answer this question if your response to Q2.1 is "Restricted securities where the escrow period has expired or is about to expire".

2.2e.2

And the date the escrow restrictions have ceased or will cease

Answer this question if your response to Q2.1 is "Restricted securities where the escrow period has expired or is about to expire".

Note: If this occurred over a range of dates, enter the date the last of the escrow restrictions has ceased or will cease.

2.2f.1

Please state the number and type of +securities (including their ASX security code) previously issued under the +employee incentive scheme where the restrictions on transfer have ceased or are about to cease

Answer this question if your response to Q2.1 is "Securities previously issued under an employee incentive scheme where the restrictions on transfer have ceased or are about to cease".

2.2f.2

And the date the restrictions on transfer have ceased or will cease:

Answer this question if your response to Q2.1 is "Securities previously issued under an employee incentive scheme where the restrictions on transfer have ceased or are about to cease".

Note: If this occurred over a range of dates, enter the date the last of the restrictions on transfer has ceased or will cease.

2.2g.1

Please state the number and type of +securities (including their ASX security code) issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Answer this question if your response to Q2.1 is "Securities issued under an employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer".