Basware Oyj

Major Shareholding Notification • Aug 10, 2016

Disclosure 344530

BasWare - Major shareholder announcements

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

Basware Corporation, stock exchange release, August 10, 2016 at 15:30 Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act Notice pursuant to the Finnish Securities Market Act (Section 9:5): The total number of shares represented by Arrowgrass Capital Partners LLP and its funds increased to over 15 % of Basware Corporation's share capital and voting rights on August 9th, 2016. This notification was given to Basware Corporation on August 10th, 2016. The holding of Arrowgrass Capital Partners LLP and its funds after the disclosure is as follows: +--------------------------------+----------------+--------------+-------------+ |Shares (trading code, ISIN code)|Number of shares|Percent (%) of| Percent (%) | |BAS1V | |share capital |voting rights| |ISIN: FI0009008403 | | | | +--------------------------------+----------------+--------------+-------------+ |Arrowgrass Master Fund Ltd | 2,115,910 | 14.69 % | 14.69 % | +--------------------------------+----------------+--------------+-------------+ |Arrowgrass Equity Focus Fund | 53,896 | 0.37 % | 0.37 % | +--------------------------------+----------------+--------------+-------------+ |Total | 2,169,806 | 15.07 % | 15.07 % | +--------------------------------+----------------+--------------+-------------+ Basware Corporation's share capital consists of 14,401,936 shares and votes. The company has one share series, each share entitling one vote. For more information, please contact: Ben Selby, Head of Investor Relations, Basware Corporation Tel. +358 50 305 8077 Distribution: NASDAQ OMX Helsinki Ltd Key media www.basware.com [HUG#2034336]