Basware Oyj — Major Shareholding Notification 2015

Oct 7, 2015

Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

Basware Corporation, stock exchange release, October 7, 2015 at 15:30

Flagging notification in accordance with Chapter 9 Section 10 of the Finnish
Securities Markets Act

Notice pursuant to the Finnish Securities Market Act (Section 9:5): The total
number of shares represented by Arrowgrass Capital Partners LLP and its funds
has increased over 10 % of Basware Corporation's share capital and voting rights
on October 6, 2015. This notification has been given to Basware Corporation's
information on October 7, 2015.

The holding of Arrowgrass Capital Partners LLP and its funds after the
disclosure:

+--------------------------------+----------------+--------------+-------------+
|Shares (trading code, ISIN code)|Number of shares|Percent (%) of| Percent (%) |
|BAS1V | |share capital |voting rights|
|ISIN: FI0009008403 | | | |
+--------------------------------+----------------+--------------+-------------+
|Arrowgrass Master Fund Ltd | 1,555,554 | 10,93 % | 10,93 % |
+--------------------------------+----------------+--------------+-------------+
|Arrowgrass Equity Focus Fund | 53,896 | 0,38 % | 0,38 % |
+--------------------------------+----------------+--------------+-------------+
|Total | 1,609,450 | 11,31 % | 11,31 % |
+--------------------------------+----------------+--------------+-------------+

The share capital of Basware Corporation is 14,221,229. The company has one
share series, each share entitling to one vote.

For more information, please contact:

Esa Tihilä, CEO, Basware Corporation
Tel. 040 480 7098

Distribution:
NASDAQ OMX Helsinki Ltd
Key media
www.basware.com

[HUG#1957398]