BasWare - Major shareholder announcements

Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

Basware Corporation, stock exchange release, May 15, 2017 at 14:00
Flagging notification in accordance with Chapter 9 Section 10 of the Finnish
Securities Markets Act
Notice pursuant to the Finnish Securities Market Act (Section 9:5): The total
number of shares represented by Arrowgrass Capital Partners LLP and its funds
has increased above 20 % of Basware Corporation's share capital and voting
rights on May 12, 2017. This notification has been given to Basware
Corporation's information on May 15, 2017.
The holding of Arrowgrass Capital Partners LLP and its funds after the
disclosure:

+-------------------------------------+---------+--------------+-------------+
|Shares (trading code, ISIN code)     |Number of|Percent (%) of|Percent (%)  |
|BAS1V                                |shares   |share capital |voting rights|
|ISIN: FI0009008403                   |         |              |             |
+-------------------------------------+---------+--------------+-------------+
|Resulting situation on the date on   |2,881,253|20.01 %       |20.01 %      |
|which threshold was crossed or       |         |              |             |
|reached:                             |         |              |             |
|Arrowgrass Master Fund Ltd           |         |              |             |
|Arrowgrass Equity Focus Fund Ltd     |         |              |             |
|                                     |         |              |             |
+-------------------------------------+---------+--------------+-------------+
|Position of previous notification (if|2,169,806|15.07 %       |15.07 %      |
|applicable):                         |         |              |             |
|                                     |         |              |             |
+-------------------------------------+---------+--------------+-------------+

The share capital of Basware Corporation is 14,401,936. The company has one
share series, each share entitling to one vote.
For more information, please contact:
Ben Selby, Head of Investor Relations, Basware Corporation
Tel. +358 50 305 8077, ben.selby@basware.com

Distribution:
Nasdaq Helsinki
Key media
www.basware.com/investors
About Basware:
Basware (http://www.basware.com/) (Nasdaq: BAS1V) is the global leader in
providing networked purchase-to-pay solutions, e-invoicing and innovative
financing services. Basware’s commerce and financing network connects businesses
in over 100 countries and territories around the globe. As the largest open
business network in the world, Basware provides scale and reach for
organizations of all sizes, enabling them to grow their business and unlock
value across their operations by simplifying and streamlining financial
processes. Small and large companies around the world achieve significant cost
savings, more flexible payment terms, greater efficiencies and closer
relationships with their suppliers. Find out more at www.basware.com/investors.
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