Basware Oyj — Share Issue/Capital Change 2011

Jan 28, 2011

Basware share subscriptions with warrants and increase in share capital

Basware share subscriptions with warrants and increase in share capital

Basware share subscriptions with warrants and increase in share capital
Basware Corporation stock exchange release, January 28, 2011 at 10:30

A total of 30,805 shares have been subscribed with Basware Warrant Program. The
share subscriptions were based on Warrant Program 2006 series C warrants (21,605
shares) and Warrant Program 2007 series E warrants (9,200 shares). According to
the terms of the warrant programs, the subscription price per share was EUR
8.27.

The corresponding share capital increase of EUR 9,241.5 has been entered in the
Finnish Trade Register today, 28 January, 2011. After the increase, the share
capital of Basware Corp. is EUR 3,516,248.7 in total. The share capital is
divided into 11,720,829 shares. The new shares will be traded on the Helsinki
Stock Exchange together with the old shares starting on 31 January, 2011. The
new shares provide the shareholders with full shareholder rights.

The Basware Warrant Program 2006 is based on the resolutions of the Annual
General Meeting on April 7, 2006 and Warrant Program 2007 is based on the
resolutions of the Annual General Meeting on February 26, 2007. The terms of the
two programs have been published earlier as stock exchange releases.

For further information, please contact:
CEO Ilkka Sihvo, Basware Corporation
tel. +358 405 018251

BASWARE CORPORATION
Ilkka Sihvo

Distribution:
NASDAQ OMX Helsinki Ltd
Principal media

[HUG#1483254]