BasWare - Company Announcement

Basware and Arrowgrass Capital Partners LLP to jointly develop a new e-invoicing based factoring service

Basware Corporation, stock exchange release, September 3, 2014 at 08:45

Basware and Arrowgrass Capital Partners LLP to jointly develop a new e-invoicing
based factoring service

Basware and Arrowgrass Capital Partners LLP ("Arrowgrass") have signed a Letter
of Intent agreement under which the parties have agreed to jointly develop a new
e-invoicing based factoring service, Basware Factoring.

The Letter of Intent outlines the cooperation to jointly develop, resource and
maintain the new service, and the establishment of a jointly owned entity to
manage it.

Basware Factoring will provide a powerful solution enabling suppliers to receive
early payment for invoices, and improve their working capital management with
financing provided via Arrowgrass. The transparency and automation provided by
the Basware Commerce Network will enable Basware and Arrowgrass to deliver
invoice financing, on highly competitive terms, to suppliers of all sizes on an
international basis.

Basware plans to launch Basware Factoring in 2015 as one of the key services
within its new Financing Services portfolio. Through the Basware Commerce
Network these innovative payment and financing solutions will be available to
buyers and suppliers of all sizes.

About Arrowgrass
Arrowgrass Capital Partners LLP is a European focused alternative asset manager,
head-quartered in London. Arrowgrass has more than 100 employees operating from
offices in London and New York, and has approximately $5B in AUM.

For more information, please contact:

Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098

Distribution:
NASDAQ OMX Helsinki Ltd
Key media
www.basware.com


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