Basware Oyj — Share Issue/Capital Change 2020

Jun 4, 2020

Basware Corporation share issue to the company itself without consideration

Basware Corporation share issue to the company itself without consideration

Basware Corporation, stock exchange release June 4, 2020 at 5:50 pm EEST

The Board of Directors of Basware Corporation has on June 4, 2020, pursuant to
the share issue authorization granted to it by the Annual General Meeting held
on June 4, 2020, resolved on an issue of 19,000 new shares in the company to the
company itself without consideration.

The new shares to be issued are of the same class as the existing shares in the
company. The total number of the company's shares after the share issue is
14,420,936 shares, of which 23,297 shares in total are held by the company.

The new shares to be issued to the company will be used for reward payments
under the company's incentive programs.

The new shares will be registered with the Finnish Trade Register on or about
June 17, 2020. The new shares will be admitted to trading together with the
Company’s existing shares on the official list of Nasdaq Helsinki Ltd on or
about June 17, 2020.

As a result of the share issue decided by the Board of Directors today, the
Board of Directors also decided upon the adjustment of the number of shares that
can be subscribed on the basis of the 1,000 freely transferable warrants issued
by the company to Bregal Milestone in March 2019. Following such adjustment, the
warrants entitle their holder to subscribe for a total of 1,001,000 shares in
the company (before the adjustment, 1,000,000 shares) at an adjusted
subscription price of EUR 29.8764 per share (before the adjustment, the
subscription price per share was EUR 29.9158). To increase the number of shares
that may be subscribed for with the warrants, the Board of Directors today
exercised the authorization granted by the Annual General Meeting of
shareholders held today by deciding upon issuance of special rights that entitle
their holder to subscribe for 1,000 new shares in the company. These adjustments
to the terms and conditions of the warrants will become effective upon
registration with the Finnish Trade Register, which is expected to take place on
or about June 17, 2020.

BASWARE CORPORATION
Board of Directors

For more information, please contact:
Sami Takila, General Counsel, Basware Corporation
Tel. +358 40 194 7034, sami.takila@basware.com

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

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