Basware Oyj — M&A Activity 2018

Nov 16, 2018

Basware response to media speculation

Basware response to media speculation

Basware Corporation, stock exchange release, November 16, 2018 at 11:05 a.m
Basware refers to the recent media speculation about a takeover approach and
confirms that it has been approached with a non-binding and highly conditional
indicative proposal for a possible tender offer for the entire share capital of
Basware (the “Indicative Proposal”).

The Indicative Proposal is subject to a number of pre-conditions including, but
not limited to, securing of appropriate financing, satisfactory completion of
due diligence and a recommendation from the Board of Directors of Basware.
Completion of any such tender offer would in turn be subject to further
conditions, including, but not limited to, approval by Basware shareholders
holding at least 90% of the shares of Basware and receipt of all necessary
regulatory approvals.

The Board of Directors of Basware is evaluating the Indicative Proposal and will
determine whether and how to proceed with it.

Basware will release further information at an appropriate time. There can be no
assurance that the Indicative Proposal will result in a tender offer or any
transaction.

Basware Corporation

Board of Directors

For more information, please contact:

Ben Selby, Head of Investor Relations, Basware Corporation

Tel. +358 50 305 8077, ben.selby@basware.com

Distribution:

Nasdaq Helsinki

Media media

Investors.basware.com/en

About Basware:

Basware (Nasdaq: BAS1V) is the global leader in providing networked source-to
-pay solutions, e-invoicing and value added services. Basware’s commerce and
financing network connects businesses in over 100 countries and territories
around the globe. As the largest open business network in the world, Basware
provides scale and reach for organizations of all sizes, enabling them to grow
their business and unlock value across their operations by simplifying and
streamlining financial processes. Small and large companies around the world
achieve significant cost savings, more flexible payment terms, greater
efficiencies and closer relationships with their suppliers. Find out more at
https://investors.basware.com/en.