BasWare - Company Announcement

Niclas Rosenlew appointed as CFO of Basware

Basware Corporation, stock exchange release, November 5, 2014, at 11:00

Niclas Rosenlew appointed as CFO of Basware

Niclas Rosenlew has been appointed as Chief Financial Officer and member of the
Executive Team at Basware, the leading provider of e-invoicing and purchase-to-
pay solutions. Rosenlew will join Basware on December 8, 2014, and he will
report to Esa Tihilä, CEO, Basware Corporation.

Prior to Basware, Niclas Rosenlew was CFO, Smart Devices Business Unit at
Microsoft. Rosenlew has close to 20 years of international experience from
finance, strategy and investment banking and finance leadership experience in
multinational companies."Besides having international, extensive leadership experience from various
multinational companies and working in several executive roles within finance
and strategy, Niclas Rosenlew will bring investment and M&A expertise to the
Executive Team. I would like to warmly welcome Niclas to Basware," says Esa
Tihilä, CEO, Basware Corporation. "I also wish to express my thanks for the
great contribution by Mika Harjuaho who has been strongly driving the execution
of Basware's major transformation in recent years; from a software to a services
company and accelerating the growth of the Basware Commerce Network."

For more information, please contact:

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

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

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