Basware Oyj — Major Shareholding Notification 2021

Jul 20, 2021

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

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

Basware Corporation, stock exchange release, July 20th, 2021 at 3.30 p.m. EEST

Basware Corporation has received on July 20, 2021 the following notification
pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from
Arrowgrass Capital Partners LLP according to which their total holding of shares
of Basware Corporation has decreased below five (5) percent on July 19, 2021.
According to the notification, the reason for the notification was an
acquisition or disposal of shares or voting rights.

Basware Corporation has one series of shares in which each share carries one
vote. The total number of shares and votes is 14,463,936.
The holding of Arrowgrass Capital Partners LLP according to the notification:

               % of      % of      Total of   Total number of shares
              shares  shares and   both in %   and voting rights of
               and      voting                        issuer
              voting    rights
              rights    through
                       financial
                      instruments

Resulting 4.4% 4.4% 14,463,936
situation on the
date on
which threshold
was crossed or
reached:
Position of 9.2% 9.2%
previous
notification (if
applicable):

Notified details of the resulting situation following the crossing of the
threshold:

A: Shares and voting rights

               Number            % of shares and voting rights
                 of
               shares
                 and
               voting
               rights

Class/type Direct Indirect Direct Indirect (SMA 9:6 and 9:7)
of shares: (SMA (SMA 9:6 (SMA 9:5)
9:5) and 9:7)
FI0009008403 642,275 4.4%
Subtotal 642,275 4.4%
(A):

For more information, please contact:
Katariina Kataja, Investor Relations Manager, Basware Corporation
Tel. +358 40 527 1427, katariina.kataja@basware.com

Distribution:

Nasdaq Helsinki

Key media

www.basware.com/investors

About Basware:
Basware offers the largest open business network in the world and is the global
leader in providing networked purchase-to-pay solutions and e-invoicing
services. Our technology empowers organisations with 100% spend visibility by
enabling the capture of all financial data across procurement, finance, accounts
payable and accounts receivable functions. Basware is a global company doing
business in more than 100 countries and is traded on the Helsinki exchange
(BAS1V: HE). Find out more at https://investors.basware.com/en.