BasWare - Company Announcement

Basware share subscriptions with warrants and increase in share capital

Basware Corporation stock exchange release, July 16, 2010 at 09:45

A total of 79.200 shares have been subscribed with Basware Warrant Programs. The
share subscriptions were based on the Warrant Program 2006 series C warrants (39
000 shares) and Warrant Program 2007 series E warrants (40 200 shares).
According to the terms of the two warrant programs, the subscription price per
share was EUR 8.27 for both series.

The corresponding share capital increase of EUR 23 760 has been entered in the
Finnish Trade Register today, July 16, 2010. After the increase, the share
capital of Basware Corp. is EUR 3 506 677.20 in total. The share capital is
divided into 11 688 924 shares. The new shares will be traded on the Helsinki
Stock Exchange together with the old shares starting on July 19, 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 and
Warrant Program 2007 is based on the resolutions of the Annual General Meeting
on February 26, 2007. The terms of the two programs have been published earlier
as stock exchange releases.

For further information, please contact:
CEO Ilkka Sihvo, Basware Corporation
tel. +358 40 5018251

BASWARE CORPORATION
Ilkka Sihvo

Distribution:
NASDAQ OMX Helsinki Ltd
Principal media



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