Basware Oyj

Major Shareholding Notification • Feb 13, 2017

Disclosure 349042

BasWare - Major shareholder announcements

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

Basware Corporation, stock exchange release, February 13, 2017 at 14:00 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 Ameriprise Financial, Inc. and its funds has increased above 5 % of Basware Corporation's share capital and voting rights on February 10, 2017. This notification has been given to Basware Corporation's information on February 13, 2017. The holding of Ameriprise Financial, Inc. and its funds after the disclosure: +--------------------------------+----------------+--------------+-------------+ |Shares (trading code, ISIN code)|Number of shares|Percent (%) of| Percent (%) | |BAS1V | |share capital |voting rights| |ISIN: FI0009008403 | | | | +--------------------------------+----------------+--------------+-------------+ |Resulting situation on the date | 754,691 | 5.24 % | 5.24 % | |on which threshold was crossed | | | | |or reached: | | | | | | | | | |Ameriprise Financial, Inc. | | | | |Ameriprise International | | | | |Holdings GmbH | | | | |Threadneedle Asset Management | | | | |Holdings Sàrl | | | | |Threadneedle Holdings Limited | | | | |TAM UK Holdings Limited | | | | |Threadneedle Asset Management | | | | |Holdings Limited | | | | |TC Financing Limited | | | | |Threadneedle Asset Management | | | | |Limited | | | | +--------------------------------+----------------+--------------+-------------+ |Position of previous | 712,474 | 4.95 % | 4.95 % | |notification (if applicable): | | | | +--------------------------------+----------------+--------------+-------------+ The share capital of Basware Corporation is 14,401,936. The company has one share series, each share entitling to one vote. For more information, please contact: Sirje Ahvenlampi-Hyvönen, Communications Director, Basware Corporation Tel. +358 50 557 3822, sirje.ahvenlampi@basware.com Distribution: Nasdaq Helsinki Key media www.basware.com/investors About Basware: Basware (Nasdaq: BAS1V) is the global leader in providing networked purchase-to- pay solutions, e-invoicing and innovative financing 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 www.basware.com/investors. Follow Basware on Twitter: @Basware, join the discussion on the Basware LinkedIn, Basware Facebook and Basware Blog and subscribe for the latest news. []