Basware Oyj

Major Shareholding Notification • May 29, 2019

Disclosure 372428

BasWare - Major shareholder announcements

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

Basware Corporation, stock exchange release, May 29, 2019 at 2.00 pm EEST Basware Corporation has received on May 29, 2019 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Ameriprise Financial, Inc and its funds according to which their total holding of shares of Basware Corporation has decreased below five (5) percent on May 28, 2019. Basware Corporation has one series of shares in which each share carries one vote. The total number of shares and votes is 14,401,936. The holding of Ameriprise Financial, Inc and its funds according to the notification: +----------------+----------+------------------------+---------+ | |% of |% of |Total of | | |shares and|shares and voting rights|both in %| | |voting |through financial | | | |rights |instruments | | +----------------+----------+------------------------+---------+ |Resulting |4.998% |0% |4.998% | |situation on the| | | | |date on | | | | |which threshold | | | | |was crossed or | | | | |reached: | | | | +----------------+----------+------------------------+---------+ |Position of |5.24% |0% |5.24% | |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 of|Direct|Indirect |Direct |Indirect (SMA 9:6 and 9:7) | |shares: |(SMA |(SMA 9:6 and|(SMA 9:5) | | | |9:5) |9:7) | | | +-------------+------+------------+----------+---------------------------+ |FI0009008403 |0 |719,818 |0% |4.998% | +-------------+------+------------+----------+---------------------------+ |Subtotal (A):|719,818 |4.998% | +-------------+------+------------+----------+---------------------------+ Additional information: List of funds and portfolios: Ameriprise Financial, Inc; Ameriprise International Holdings GmbH; Threadneedle Asset Management Holdings Sàrl; Threadneedle Holdings Limited; TAM UK Holdings Limited; Threadneedle Asset Management Holdings Limited; TC Financing Limited; and Threadneedle Asset Management Limited. 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 Key media www.basware.com/investors About Basware: Basware (http://www.basware.com/) (Nasdaq: BAS1V) is the global leader in providing networked source-to-pay solutions, e-invoicing and value added services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at http://investors.basware.com/en. Follow Basware on Twitter: @Basware (https://twitter.com/basware), join the discussion on the Basware LinkedIn (http://www.linkedin.com/company/basware), Basware Facebook (http://www.facebook.com/BaswareCorporation) and Basware Blog (http://www.basware.com/blog).