BasWare - Major shareholder announcements

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

Basware Corporation, stock exchange release, December 8, 2016 at 16:30

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 Ameriprise Financial, Inc. and its funds has
decreased below 5 % of Basware Corporation's share capital and voting rights on
December 7, 2016. This notification has been given to Basware Corporation's
information on December 8, 2016.

The holding of Ameriprise Financial, Inc. and its funds after the disclosure:

+--------------------------------+----------------+--------------+-------------+
|Shares (trading code, ISIN code)|Number of shares|Percent (%) of| Percent (%) |
|BAS1V                           |                |share capital |voting rights|
|ISIN: FI0009008403              |                |              |             |
+--------------------------------+----------------+--------------+-------------+
|Ameriprise Financial, Inc.      |    712,474     |    4,95 %    |   4,95 %    |
|Ameriprise International        |                |              |             |
|Holdings GmbH                   |                |              |             |
|Threadneedle Asset Management   |                |              |             |
|Holdings Sàrl                   |                |              |             |
|Threadneedle Holdings Limited   |                |              |             |
|TAM UK Holdings Limited         |                |              |             |
|Threadneedle Asset Management   |                |              |             |
|Holdings Limited                |                |              |             |
|TC Financing Limited            |                |              |             |
|Threadneedle Asset Management   |                |              |             |
|Limited                         |                |              |             |
+--------------------------------+----------------+--------------+-------------+
|Total                           |    712,474     |    4,95 %    |   4,95 %    |
+--------------------------------+----------------+--------------+-------------+

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:

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


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