Basware Oyj

Delisting Announcement • Oct 7, 2022

Basware applies for the delisting of its shares from Nasdaq Helsinki

Basware applies for the delisting of its shares from Nasdaq Helsinki

Basware Corporation, stock exchange release, 7 October 2022 at 12:00 a.m. EEST

The Board of Directors of Basware Corporation (“Basware”)has today resolved to
apply for the termination of public trading in the shares of Basware and for the
delisting of its shares from the official list of Nasdaq Helsinki Ltd (“Nasdaq
Helsinki”).

Sapphire BidCo Ltd(“Sapphire BidCo”) holds more than 90 per cent of all the
shares and voting rights carried by the shares in Basware. Sapphire BidCo has on
26 August 2022 initiated redemption proceedings in respect of Basware minority
shares in order to obtain ownership of all the issued and outstanding shares in
Basware by serving its application to appoint an arbitral tribunal and to
initiate arbitration proceedings to the minority shareholders of Basware in
accordance with Chapter 18, Section 5, of the Finnish Companies Act.

The Board of Directors of Basware has resolved to submit an application to
Nasdaq Helsinki for the termination of public trading and for the delisting of
the Basware shares. In the application, it will be requested that the delisting
in respect of the Basware shares admitted to trading on the official list of
Nasdaq Helsinki would become effective as soon as possible upon Sapphire BidCo
having gained title to all the shares in Basware in the pending redemption
proceedings under Chapter 18 of the Finnish Companies Act.

For more information, please contact:
Teemu Ruikka, General Counsel, Basware Corporation
Tel.+358 40 548 9848, teemu.ruikka@basware.com

Distribution:
Nasdaq Helsinki
Main media
investors.basware.com/en

About Basware:
Basware is a leading provider of Networked Procure-to-Pay solutions with the
largest open e-invoicing network in over 180 countries. Our cloud-based
technology enables enterprises to fully manage their spend, mitigate financial
risk and reduce operating costs through automation of finance, procurement,
accounts payable and accounts receivable processes. Our open technology
ecosystem and extensive partner network have helped over 6,500 businesses in 60
countries move towards 100% spend visibility which enables better business
decisions - a concept we call Visible Commerce. Basware's solutions support the
transition to a lower-carbon economy by digitization and automation. Basware is
traded on the Helsinki exchange (BAS1V: HE). Find out more at
https://investors.basware.com/en.

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