Basware Oyj

Major Shareholding Notification • Apr 25, 2022

Disclosure 407312

BasWare - Major shareholder announcements

Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

Basware Corporation, stock exchange release, 25 April 2022 at 10:00 a.m. EEST Basware Corporation has received on 21 April 2022 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from The Goldman Sachs Group, Inc. according to which their total holding of shares of Basware Corporation has decreased below five (5) percent on 21 April 2022. According to the notification, the reason for the notification was an acquisition or disposal of financial instruments. Basware Corporation has one series of shares in which each share carries one vote. The total number of shares and votes is 14,463,936. The holding of The Goldman Sachs Group, Inc.according to the notification: % of % of shares Total Total number of shares shares and voting of and voting rights of and rights both issuer voting through in % rights financial (7.A + (total instruments 7.B) of 7.A) (total of 7.B) Resulting 3.58% 0.19% 3.76% 14,463,936 situation on the date on which threshold was crossed or reached: Position of 2.90% 2.69% 5.58% previous notification (if applicable): Notified details of the resulting situation following the crossing of the threshold: A: Shares and voting rights Number % of shares and voting rights of shares and voting rights Class/type Direct Indirect Direct Indirect (SMA 9:6 and 9:7) of shares: (SMA (SMA 9:6 (SMA 9:5) 9:5) and 9:7) FI0009008403 517,360 3.58% Subtotal 517,360 3.58% (A): B: Financial Instruments Type of Expiration Physical or Number of shares % of shares financial date cash and voting rights and voting instrument settlement rights Securities Open Physical 7,840 0.05% Lending Swap 14/04/2032 Cash 9,360 0.06% Swap 07/05/2030 Cash 6,043 0.04% Swap 06/05/2030 Cash 1,334 0.01% Swap 23/12/2024 Cash 1,316 0.01% Swap 03/06/2030 Cash 362 0.003% Swap 20/05/2030 Cash 331 0.002% Swap 22/04/2025 Cash 265 0.002% Swap 14/05/2030 Cash 249 0.002% Swap 02/03/2032 Cash 56 0.0004% Subtotal (B): 27,156 0.19% Full chain of controlled undertakings: Name % of shares % of shares and voting rights Total and voting through financial instruments of rights both The Goldman Sachs Group, Inc. Goldman Sachs (UK) L.L.C. Goldman Sachs Group UK Limited Goldman SachsInternational The Goldman Sachs Group, Inc. Goldman Sachs & Co. LLC The Goldman Sachs Group, Inc. GSAM Holdings LLC Goldman Sachs Asset Management, L.P. The Goldman Sachs Group, Inc. Goldman Sachs Bank USA Goldman Sachs Bank Europe SE For more information, please contact: Katariina Kataja, Investor Relations Manager, Basware Corporation Tel. +358 40 527 1427, katariina.kataja@basware.com Distribution: Nasdaq Helsinki Key media www.basware.com/investors About Basware: Basware offers the largest open business network in the world and is the global leader in providing networked purchase-to-pay solutions and e-invoicing services. Our technology empowers organizations with 100% spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions. Basware's solutions play an important role in transitioning to a lower-carbon economy by enabling the digitalization and automation of Purchase-to-Pay enterprise processes that rely on paper. Basware is a global company doing business in more than 100 countries and is traded on the Helsinki exchange (BAS1V: HE). Find out more at https://investors.basware.com/en.