BasWare - Company Announcement

Composition of the Nomination Board of Basware Corporation

Basware Corporation, stock exchange release, September 23, 2016 at 15:00

Composition of the Nomination Board of Basware Corporation

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. The Nomination Board consists of
four (4) members, three of which are appointed by the company's three largest
shareholders, who appoint one member each. The chairman of the company's Board
of Directors serves as the fourth member. The company's largest shareholders
entitled to appoint members to the Nomination Board shall be determined annually
on the basis of the registered holdings in the company's shareholders' register
held by Euroclear Finland Ltd as of the first weekday in September in the year
concerned.

The following members have been nominated to the Nomination Board of the
company:
  * Mikko Mursula, Ilmarinen
  * Ilkka Sihvo
  * Kirsi Eräkangas

Mikko Mursula was elected as Chairman of the Nomination Board.

The Nomination Board of Basware Corporation is responsible for preparing and
presenting proposals covering the remuneration and number of members of the
company's Board of Directors as well as proposal on the members of the Board of
Directors to Annual General Meeting and, where needed, to an Extraordinary
General Meeting. The Nomination Board is also responsible for identifying
successors for existing Board members.

The Nomination Board shall submit its proposals to the company's Board of
Directors annually in time for them to be included in the notice of the meeting
and in any case, at the latest, by the 10(th) of February preceding the Annual
General Meeting. Proposals intended for a possible Extraordinary General Meeting
shall be submitted to the company's Board of Directors in time for them to be
included in the notice of the meeting.

More information on the Nomination Board of Basware Corporation and its Charter
is available on the company's investor site at: www.basware.com/investors.

For more information, please contact:

Hannu Vaajoensuu, Chairman of the Board, Basware Corporation
Tel. +358 40 501 8250

Distribution:
Nasdaq Helsinki
Main 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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