BasWare - Company Announcement

Basware share subscriptions with warrants and increase in share capital

Basware share subscriptions with warrants and increase in share capital
Basware Stock Exchange Release, January 27, 2010, 10:40

A total of 11 500 shares have been subscribed with Basware Warrant Program. The
share subscriptions were based on the Warrant Program 2006 (series B). According
to the terms of the warrant program, the subscription price per share in the
2006 program was EUR 12.19 for series B.

The corresponding share capital increase of EUR 3 450.00 has been entered in the
Finnish Trade Register today, January 27, 2010. After the increase, the share
capital of Basware Corp. is EUR 3 443 887.20 in total. The share capital is
divided into 11 479 624 shares. The new shares will be traded on the NASDAQ OMX
Helsinki Ltd together with the old shares starting on January 28, 2010. The new
shares provide the shareholders with full shareholder rights.

The Basware Warrant Program 2006 is based on the Board of Directors resolution
on April 7, 2006, with the authorization of the Annual General Meeting. The
terms of the program have been published earlier as stock exchange release.

For further information, please contact:
CEO Ilkka Sihvo, Basware Corporation
tel.+358 9 879 171

BASWARE CORPORATION
Ilkka Sihvo

Distribution:
NASDAQ OMX Helsinki Ltd
Principal media



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