BasWare - Other information disclosed according to the rules of the Exchange

Nomination Committee's proposals to Basware's Annual General Meeting 2017

Basware Corporation, stock exchange release, January 26, 2017 at 15:00

Nomination Committee's proposals to Basware's Annual General Meeting 2017

Proposal on the composition of Board of Directors

The Nomination Committee proposes that the number of members of the Board of
Directors of Basware Corporation would be six (6).

The Nomination Committee proposes that Mr. Hannu Vaajoensuu, Mr. Ilkka Sihvo,
Mr. David Bateman, Mr. Michael Ingelög, Mrs. Tuija Soanjärvi and Mr. Anssi
Vanjoki would be re-elected as members of the Board of Directors.

More information on the proposed Board members is available on the company's
investor site at www.basware.com/investors.

Proposal on Board of Directors' remuneration

The Nomination Board proposes to the General Meeting that the members of the
Board of Directors to be elected for a term of office ending at the end of the
Annual General Meeting of 2018 will be paid as follows: to the members of the
Board of Directors and committee members EUR 27,500, to the vice chairman of the
Board of Directors and the Chairman of the Audit Committee EUR 32,000 and to the
chairman of the Board of Directors EUR 55,000.

The Nomination Board proposes that the chairmen of the Board of Directors and
its committees shall receive EUR 700 per attended meeting and members of the
Board of Directors and its committees shall receive EUR 500 per attended
meeting.

The Nomination Board furthermore proposes that out of the annual remuneration to
be paid to the Board members, 40 per cent of total gross compensation amount
will be used to purchase Basware Corporation's shares at trading on regulated
market organized by Nasdaq Helsinki Ltd. However, this only concerns Board
members whose ownership of Basware Corporation is less than 5,000 shares. The
purchase of shares will take place as soon as possible after the decision by the
General Meeting. Shares received as remuneration may not be sold or otherwise
transferred during a period of two years. This restriction does not concern
persons who are no longer Board members. Travel expenses of the members of the
Board of Directors are reimbursed in accordance with the company's travel
policy.

Proposal regarding the Charter of the Nomination Board

The Nomination Board proposes to the General Meeting that the Charter of the
Nomination Board would be clarified so that also the shareholdings of nominee
registered shareholders may be taken into account when determining the
composition of the Nomination Board.

The Nomination Board

The Annual General meeting of Basware Corporation, held on March 15, 2016,
decided to establish a permanent Shareholders' Nomination Board in accordance
with the proposal of the Board of Directors. On September 23, 2016, Mr. Mikko
Mursula (Chief Investment Officer, Ilmarinen Mutual Pension Insurance Company),
Mr. Ilkka Sihvo (Vice Chairman of the Board of Directors and CEO of Solaforce
and Softaforce), Mrs. Kirsi Eräkangas (several board chairman or vice
chairmanships or memberships and a major shareholder) and Mr. Hannu Vaajoensuu
(Chairman of Basware's Board of Directors and several other board chairman or
vice chairmanships or memberships), were nominated as members of the Nomination
Board of the company. Mr. Mursula is the Chairman of the Nomination Board.

The Board of Directors of Basware Corporation will include these proposals into
the notice of the Annual General Meeting of 2017. The Annual General Meeting is
tentatively scheduled to be held on Thursday, March 16, 2017 in Helsinki,
Finland. The Board of Directors will convene the meeting separately at a later
date.

For more information:

Sirje Ahvenlampi-Hyvönen, Communications Director, Basware Corporation
Tel. +358 50 557 3822, sirje.ahvenlampi@basware.com

Distribution:
Nasdaq Helsinki
Key media
www.basware.com/investors

About Basware:
Basware (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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