Composition of the Nomination Board of Basware Corporation

Basware Corporation, stock exchange release, 1 September, 2021 at 10.00 a.m. EEST

In accordance with the Charter of Basware Corporation’s Nomination Board, as approved by the company’s Annual General Meeting held on March 16, 2017, the following members have been nominated to the company’s Nomination Board:

• Brian Nelson, Long Path Partners LP
• Hjalmar Ek, Lannebo Fonder AB
• Ilkka Sihvo
• Michael Ingelög, Chairman of the Board of Directors of Basware Corporation

The Nomination Board shall elect a chairman from amongst its members.

The Nomination Board consists of four (4) members, three (3) 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 are 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, or on the basis of separate shareholding information presented by nominee registered shareholders.

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.

More information on the Nomination Board of Basware Corporation and its Charter is available on the company’s investor website at investors.basware.com/en.

For more information, please contact:

Michael Ingelög, Chairman of the Board, Basware Corporation
Tel. +44 78 2642 4300

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

About Basware:
Basware offers the largest open business network in the world and is the global leader in providing networked purchase-to-pay solutions and e-invoicing services. Our technology empowers organizations with 100% spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions. Basware´s solutions play an important role in transitioning to a lower-carbon economy by enabling the digitalization and automation of Purchase-to-Pay enterprise processes that rely on paper. Basware is a global company doing business in more than 100 countries and is traded on the Helsinki exchange (BAS1V: HE). Find out more at https://investors.basware.com/en.