Basware Oyj

M&A Activity • Oct 5, 2010

Disclosure 281473

BasWare - Company Announcement

Basware acquires TNT Post's Connectivity operations in the Netherlands

BASWARE STOCK EXCHANGE RELEASE, OCTOBER 5, 2010 at 08:40 Basware Corporation has agreed on the acquisition of TNT Post's Connectivity operations, which is a part of TNT Post's electronic invoicing operations in the Netherlands. TNT Post's Connectivity operations has over 100 e-invoice customers and the estimated amount of annual transactions is close to 1 million. The Connectivity e-invoice services of TNT Post's customers will be gradually transferred to Basware's e-invoice service. The transfer is estimated to be completed by the end of 2010. Additionally 2 employees will join Basware in connection with the acquisition."This acquisition supports the business of Basware's Automation services and expands our network in Central Europe. E-invoice penetration is growing in Europe and we continue to look for business opportunities there," says Ilkka Sihvo, CEO at Basware Corporation. For more information, please contact CEO Ilkka Sihvo, Basware Corporation, Tel. +358 40 501 8251 BASWARE CORPORATION Ilkka Sihvo DISTRIBUTION NASDAQ OMX Helsinki Ltd Key media www.basware.com [HUG#1449047]