Basware Oyj

Earnings Release • Jun 13, 2013

Disclosure 307828

BasWare - Company Announcement

Basware lowers the 2013 estimates

Basware Corporation, stock exchange release, June 13, 2013 at 18:00 Basware lowers the 2013 estimates Basware has previously estimated its net sales for 2013 to grow by more than 15 percent and operating profit (EBIT) to grow compared to the previous year. According to the current outlook, Basware expects its net sales for 2013 to grow and operating profit (EBIT) for 2013 to be positive. The company estimates its net sales for the second quarter of the year to grow approximately 10 percent compared to the previous year. The further specification of Basware's operating profit and result forecast for 2013 is based on the growth in net sales falling short of targets. This is due to delay with the new generation Alusta platform. The decrease in license sales compared to the previous year is expected to continue during the rest of the year, while the decrease in license sales was expected to level off during the latter half of the year. Furthermore, the company estimates that the operating profit of Certipost's business, acquired on January 2, 2013, to be approximately EUR 1.8 million negative for 2013, while the original full-year estimate was slightly positive. The company is implementing an efficiency drive immediately to improve profitability. For more information, please contact Esa Tihilä, CEO, Basware Corporation Tel. +358 40 480 7098 Distribution: NASDAQ OMX Helsinki Ltd Main media www.basware.com [HUG#1709366]