AMENDMENT TO THE RELEASE PUBLISHED EARLIER TODAY: ERROR IN COLUMN

BASWARE CORP. STOCK EXCHANGE ANNOUNCEMENT  FEBRUARY 1, 2007


AMENDMENT TO THE RELEASE PUBLISHED EARLIER TODAY: ERROR IN COLUMN 
HEADINGS 

BasWare published earlier today the restated figures for Q1 2005–Q3 2006. 
In the tables “Restated Group Quarterly Income Statement” and “Previously 
Published Group Quarterly Income Statement” the headings are cumulative 
when they should be quarterly. 

Enclosed are the tables in question.



BASWARE CORP.
Ilkka Sihvo


DISTRIBUTION
Helsinki Stock Exchange


RESTATED GROUP QUARTERLY INCOME STATEMENT

                 1-3/    4-6/    7-9/  10-12/   1-3/    4-3/    7-6/  10-12/
EUR thousand     2005    2005    2005    2005   2005    2006    2006    2006

NET SALES       8 136  11 879  10 827  10 823 41 666  15 432  14 651  13 363

Other operating
income             21      13      13      13     60      41      61      25

Materials and
services         -694   -1031    -778    -669 -3 172    -778    -689    -468
Employee benefits
expenses       -4 743  -6 375  -4 847  -6 604 -22 56  -8 259  -8 710  -6 942
Depreciation and
amortization     -217    -267    -316    -277 -1 077    -453    -488    -520
Other operating
expenses       -2 360  -2 953  -2 794  -3 190 -11 29  -3 454  -3 578  -2 963
Operating
profit            143   1 266   2 105      97  3 611   2 529   1 247   2 495
%                1.8%   10.7%   19.4%    0.9%   8.7%   16.4%    8.5%   18.7%

Finance income     23      40      39      44    146     138      48      56
Finance expenses  -18     -28     -25     -40   -111     -60      -8      12
Profit before tax 148   1 278   2 119     101  3 647   2 606   1 287   2 563
%                1.8%   10.8%   19.6%    0.9%   8.8%   16.9%    8.8%   19.2%

Tax on income
from operations  -336    -179    -441    -462 -1 417    -613    -486    -898

PROFIT FOR
THE PERIOD       -188   1 099   1 679    -361  2 229   1 994     801   1 665
%               -2.3%    9.3%   15.5%   -3.3%   5.4%   12.9%    5.5%   12.5%



PREVIOUSLY REPORTED GROUP QUARTERLY INCOME STATEMENT

                 1-3/    4-6/   7-9/  10-12/    1-3/    4-3/    7-6/  10-12/
EUR thousand     2005    2005   2005    2005    2005    2006    2006    2006

NET SALES      8 527  11 963   9 289  13 031  42 810  14 243  15 813  12 659

Other operating
income            21      13      13      13      60      41      61      25

Materials and
services        -694  -1 031    -778    -669  -3 172    -778    -689    -468
Employee benefits
expenses      -4 743  -6 375  -4 847  -6 604 -22 569  -8 259  -8 710  -6 942
Depreciation and
amortization    -217    -267    -316    -277  -1 077    -453    -488    -520
Other operating
expenses      -2 360  -2 953  -2 794  -3 190 -11 296  -3 454  -3 578  -2 963
Operating
profit           534   1 349     567   2 305   4 756   1 339   2 409   1 791
%               6.3%   11.3%    6.1%   17.7%   11.1%    9.4%   15.2%   14.1%

Finance income    23      40      39      44     146     138      48      56
Finance expenses -18     -28     -25     -40    -111     -60      -8      12
Profit before
tax              539   1 362     581   2 309   4 792   1 417   2 449   1 859
%               6.3%   11.4%    6.3%   17.7%   11.2%    9.9%   15.5%   14.7%

Tax on income
from operation  -422    -209     -45  -1 019  -1 695    -304    -992    -724

PROFIT FOR
THE PERIOD       117   1 153     536   1 290   3 097   1 112   1 458   1 135
%               1.4%    9.6%    5.8%    9.9%    7.2%    7.8%   10.8%    9.0%



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