2022-09-30 15:00:00 CEST

2022-09-30 15:00:05 CEST


REGULATED INFORMATION

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

Arbitral tribunal appointed for the arbitration proceedings concerning the redemption of the minority shares in Basware Corporation


Basware Corporation, stock exchange release, 30 September 2022 at 4:00 p.m. EEST

Sapphire BidCo Ltd ("Sapphire BidCo") has on 27 July 2022 applied for redemption
proceedings in respect of Basware Corporation's ("Basware") minority shares by
submitting an application to appoint an arbitral tribunal and to initiate
arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish
Companies Act in order to obtain ownership of all the issued and outstanding
shares in Basware. Sapphire BidCo served its application to appoint an arbitral
tribunal and to initiate arbitration proceedings in accordance with Chapter 18,
Section 5 of the Finnish Companies Act on 26 August 2022.

Sapphire BidCo has today been informed that the Redemption Board of the Finland
Chamber of Commerce has appointed an arbitral tribunal consisting of one member
for the arbitration proceedings concerning the redemption of the minority shares
in Basware. The arbitral tribunal consists of independent arbitrator Mika
Savola.

For more information, please contact:
Teemu Ruikka, General Counsel, Basware Corporation
Tel.+358 40 548 9848, teemu.ruikka@basware.com

Distribution:
Nasdaq Helsinki
Main media
investors.basware.com/en

About Basware:
Basware is a leading provider of Networked Procure-to-Pay solutions with the
largest open e-invoicing network in over 180 countries. Our cloud-based
technology enables enterprises to fully manage their spend, mitigate financial
risk and reduce operating costs through automation of finance, procurement,
accounts payable and accounts receivable processes. Our open technology
ecosystem and extensive partner network have helped over 6,500 businesses in 60
countries move towards 100% spend visibility which enables better business
decisions - a concept we call Visible Commerce. Basware's solutions support the
transition to a lower-carbon economy by digitization and automation. Basware is
traded on the Helsinki exchange (BAS1V: HE). Find out more at
https://investors.basware.com/en.



09307409.pdf