Basware Oyj

Board/Management Information • Oct 10, 2013

Disclosure 309857

BasWare - Changes board/management/auditors

Changes in Basware's Executive Team

Basware Corporation, stock exchange release, October 10, 2013 at 08:30 Changes in Basware's Executive Team Basware will restructure its organization in order to ensure faster growth in transaction volumes and expand its service-based business according to its strategy. The change aims to speed up the adoption of our services and products, enhance operational efficiency and improve the company's profit-making ability. The change concerns Automation Services, Professional Services, Customer Support, and other Group functions. As part of the restructuring, the company's product development and product management will be centralized in one unit, headed by Ilari Nurmi, Senior Vice President, as a member of the Executive Team. Jorma Kemppainen, Senior Vice President, has resigned from the company to pursue other opportunities in the end of the year. Henrik Hasselbalch, Senior Vice President, has resigned from the company as of October 11, 2013 to pursue other opportunities. As of October 10, 2013, members of the Basware Executive Team are Esa Tihilä, CEO; Mika Harjuaho, CFO; Kari Aarvala, Senior Vice President, Global Sales; Mari Heusala, Senior Vice President, HR & Development; Steve Muddiman, Senior Vice President, Global Marketing; Ilari Nurmi, Senior Vice President, Products & Services; Riku Roos; Senior Vice President, Network Services; and Matti Rusi, Senior Vice President, Solution Services. For more information, please contact: Esa Tihilä, CEO, Basware Corporation Tel. +358 40 480 7098 Distribution: NASDAQ OMX Helsinki Ltd Key media www.basware.com [HUG#1734576]