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

Basware Corporation, stock exchange release, May 15, 2017 at 14:00

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 Arrowgrass Capital Partners LLP and its funds has increased above 20 % of Basware Corporation's share capital and voting rights on May 12, 2017. This notification has been given to Basware Corporation's information on May 15, 2017.

The
holding of Arrowgrass Capital Partners LLP and its funds after the disclosure:  

Shares (trading code, ISIN code)
BAS1V
ISIN: FI0009008403
Number of shares Percent (%) of
share capital
Percent (%)
voting rights
Resulting situation on the date on which threshold was crossed or reached:

Arrowgrass Master Fund Ltd
Arrowgrass Equity Focus Fund Ltd
 
2,881,253 20.01 % 20.01 %
Position of previous notification (if applicable):
 
2,169,806 15.07 % 15.07 %

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:

Ben Selby, Head of Investor Relations, Basware Corporation
Tel.
+358 50 305 8077, ben.selby@basware.com

Distribution:
Nasdaq Helsinki
Key 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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