Basware share subscriptions with warrants and increase in share capital

Basware share subscriptions with warrants and increase in share capital

Basware Corporation stock exchange release, April 20, 2011 at 09:20

A total of 40,400 shares have been subscribed with Basware Warrant Programs. The
share subscriptions were based on Warrant Program 2006 series C warrants (19,400
shares) and Warrant Program 2007 series E warrants (21,000 shares). According to
the terms of the warrant programs, the subscription price per share was EUR
8.27.

The corresponding share capital increase of EUR 12,210 has been entered in the
Finnish Trade Register today, 20 April, 2011. After the increase, the share
capital of Basware Corp. is EUR 3,528,368.70 in total. The share capital is
divided into 12,931,229 shares. The new shares will be traded on the Helsinki
Stock Exchange together with the old shares starting on 21 April, 2011. The new
shares provide the shareholders with full shareholder rights.

The Basware Warrant Program 2006 is based on the resolutions of the Annual
General Meeting on April 7, 2006 and Warrant Program 2007 is based on the
resolutions of the Annual General Meeting on February 26, 2007. The terms of the
two programs have been published earlier as stock exchange releases.

For further information, please contact:
CEO Ilkka Sihvo, Basware Corporation
tel. +358 405 018251

BASWARE CORPORATION
Ilkka Sihvo

Distribution:
NASDAQ OMX Helsinki Ltd
Principal media


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