Basware Oyj

Major Shareholding Notification • Dec 11, 2020

Disclosure 389533

BasWare - Major shareholder announcements

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

Basware Corporation, stock exchange release, December 11, 2020 at 9.45 am EET Basware Corporation has received on December 10, 2020 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Briarwood Chase Management LLC according to which their holding of shares has decreased below five (5) percent and total holding of both shares and financial instruments is above ten (10) percent of the total number of shares and votes in Basware Corporation on December 10, 2020. Basware Corporation has one series of shares in which each share carries one vote. The total number of shares and votes is 14,420,936. The holding of Briarwood Capital Partners LP according to the notification: % of % of Total of shares and shares and voting rights both in % voting through financial rights instruments Resulting 4.41% 6.94% 11.35% situation on the date on which threshold was crossed or reached: Position of 7.49% 6.94% 14.43% 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 635,352 0 4.41% 0.00% Subtotal 635,352 4.41% (A): B: Financial Instruments according to SMA 9:6a Type of Expiration Exercise/ Physical or Number of shares % of shares financial date Conver cash and voting rights and voting instrument sion settlement rights Period Warrants 22 August 2 April Physical 1,001,000 6.94% 2024 2019 – 22 August 2024 Subtotal 1,001,000 6.94% (B): For more information, please contact: Ben Selby, Head of Investor Relations, Basware Corporation Tel. +358 50 305 8077, ben.selby@basware.com Distribution: Nasdaq Helsinki Main media investors.basware.com/en 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 organisations with 100% spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions. 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 http://investors.basware.com/en.