Basware Oyj — Major Shareholding Notification 2022

Apr 22, 2022

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, 22 April 2022 at 1:15 p.m. EEST

Basware Corporation has received on 21 April 2022 the following notification
pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from The
Goldman Sachs Group, Inc. according to which their total holding of shares of
Basware Corporation has increased above five (5) percent on 20 April 2022.
According to the notification, the reason for the notification was an
acquisition or disposal of shares or voting rights and an acquisition or
disposal of financial instruments.

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 The Goldman Sachs Group, Inc.according to the notification:

+----------------+-------+--------------+-------------+----------------------+
| |% of |% of shares |Total of both|Total number of shares|
| |shares |and voting |in % (7.A + |and voting rights of |
| |and |rights |7.B) |issuer |
| |voting |through | | |
| |rights |financial | | |
| |(total |instruments | | |
| |of 7.A)|(total of 7.B)| | |
+----------------+-------+--------------+-------------+----------------------+
|Resulting |2.90% |2.69% |5.58% |14,463,936 |
|situation on the| | | | |
|date on | | | | |
|which threshold | | | | |
|was crossed or | | | | |
|reached: | | | | |
+----------------+-------+--------------+-------------+----------------------+
|Position of |n/a |n/a |n/a | |
|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 and|(SMA 9:5)| |
| |9:5) |9:7) | | |
+------------+------+------------+---------+--------------------------+
|FI0009008403| |419,142 | |2.90% |
+------------+------+------------+---------+--------------------------+
|Subtotal |419,412 |2.90% |
|(A): | | |
+------------+------+------------+---------+--------------------------+

B: Financial Instruments

+-------------+----------+-----------+-----------------+-----------+
|Type of |Expiration|Physical or|Number of shares |% of shares|
|financial |date |cash |and voting rights|and voting |
|instrument | |settlement | |rights |
+-------------+----------+-----------+-----------------+-----------+
|Securities |Open |Physical |369,080 |2.55% |
|Lending | | | | |
+-------------+----------+-----------+-----------------+-----------+
|Swap |14/04/2032|Cash |9,360 |0.06% |
+-------------+----------+-----------+-----------------+-----------+
|Swap |07/05/2030|Cash |6,043 |0.04% |
+-------------+----------+-----------+-----------------+-----------+
|Swap |06/05/2030|Cash |1,334 |0.01% |
+-------------+----------+-----------+-----------------+-----------+
|Swap |23/12/2024|Cash |1,316 |0.01% |
+-------------+----------+-----------+-----------------+-----------+
|Swap |22/04/2025|Cash |445 |0.003% |
+-------------+----------+-----------+-----------------+-----------+
|Swap |03/06/2030|Cash |362 |0.003% |
+-------------+----------+-----------+-----------------+-----------+
|Swap |20/05/2030|Cash |331 |0.002% |
+-------------+----------+-----------+-----------------+-----------+
|Swap |14/05/2030|Cash |249 |0.002% |
+-------------+----------+-----------+-----------------+-----------+
|Swap |02/03/2032|Cash |56 |0.0004% |
+-------------+----------+-----------+-----------------+-----------+
|Subtotal (B):| | |388,576 |2.69% |
+-------------+----------+-----------+-----------------+-----------+

Full chain of controlled undertakings:

+------------------+-----------+-----------------------------+-------------+
|Name |% of shares|% of shares and voting rights|Total of both|
| |and voting |through financial instruments| |
| |rights | | |
+------------------+-----------+-----------------------------+-------------+
|The Goldman Sachs | | | |
|Group, Inc. | | | |
+------------------+-----------+-----------------------------+-------------+
|Goldman Sachs (UK)| | | |
|L.L.C. | | | |
+------------------+-----------+-----------------------------+-------------+
|Goldman Sachs | | | |
|Group UK Limited | | | |
+------------------+-----------+-----------------------------+-------------+
|Goldman Sachs | | | |
| | | | |
|International | | | |
+------------------+-----------+-----------------------------+-------------+
| | | | |
+------------------+-----------+-----------------------------+-------------+
|The Goldman Sachs | | | |
|Group, Inc. | | | |
+------------------+-----------+-----------------------------+-------------+
|Goldman Sachs & | | | |
|Co. LLC | | | |
+------------------+-----------+-----------------------------+-------------+
| | | | |
+------------------+-----------+-----------------------------+-------------+
|The Goldman Sachs | | | |
|Group, Inc. | | | |
+------------------+-----------+-----------------------------+-------------+
|GSAM Holdings LLC | | | |
+------------------+-----------+-----------------------------+-------------+
|Goldman Sachs | | | |
|Asset Management, | | | |
|L.P. | | | |
+------------------+-----------+-----------------------------+-------------+
| | | | |
+------------------+-----------+-----------------------------+-------------+
|The Goldman Sachs | | | |
|Group, Inc. | | | |
+------------------+-----------+-----------------------------+-------------+
|Goldman Sachs Bank| | | |
|USA | | | |
+------------------+-----------+-----------------------------+-------------+
|Goldman Sachs Bank| | | |
|Europe SE | | | |
+------------------+-----------+-----------------------------+-------------+

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 organizations with 100% spend visibility by
enabling the capture of all financial data across procurement, finance, accounts
payable and accounts receivable functions. Basware's solutions play an important
role in transitioning to a lower-carbon economy by enabling the digitalization
and automation of Purchase-to-Pay enterprise processes that rely on paper.
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.