Basware Oyj

Related Party Transaction • Feb 16, 2016

Disclosure 330433

BasWare - Company Announcement

Basware renews service agreement on procurement solution with major public organization in Finland

Basware Corporation, stock exchange release, February 16, 2016 at 11:30 Basware renews service agreement on procurement solution with major public organization in Finland Basware has renewed the agreement on the delivery of its procurement solution to a public organization in Finland. The contract also includes Basware Analytics for gaining immediate insight into financial performance. The existing agreement is extended for two years and the value of the extension exceeds EUR 1.3 million. "The public sector is a significant segment for Basware. We are helping several public organizations across the world to adopt paperless financial processes. We are pleased to continue our long-term cooperation with this significant customer and support them in streamlining their procurement process. The customer automates the purchasing process with Basware's solutions and obtains transparency to the entire organization's purchasing operations, as well as increases the efficiency of supplier cooperation with Basware's network. The user-friendly procurement system cuts costs and increases on-contract purchasing," says Esa Tihilä, CEO, Basware Corporation. For more information, please contact: Esa Tihilä, CEO, Basware Corporation Tel. +358 40 480 7098 Distribution: Nasdaq Helsinki Key media www.basware.com/investors [HUG#1986380]