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

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Basware Corporation, stock exchange release, October 9, 2020 at 5.35 pm EEST

Basware Corporation has received on October 9, 2020 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Briarwood Chase Management LLC according to which their total holding of financial instruments has increased above five (5) percent and total holding of both shares and financial instruments has increased above ten (10) percent of the total number of shares and votes in Basware Corporation on October 8, 2020.

Basware Corporation has one series of shares in which each share carries one vote. The total number of shares and votes is 14,420,936.

The holding of Briarwood Chase Management LLC according to the notification:

% of
shares and voting rights
% of
shares and voting rights through financial instruments
Total of both in %
Resulting situation on the date on which threshold was crossed or reached: 7.49% 6.94% 14.43%
Position of previous notification (if applicable): 5.00% 0.0% 5.00%

Notified details of the resulting situation following the crossing of the threshold:

A: Shares and voting rights

Number of shares and voting rights

% of shares and voting rights
Class/type of shares: Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 9:7)
Direct
(SMA 9:5)
Indirect (SMA 9:6 and 9:7)
FI0009008403 1,080,065 0 7.49% 0.00%
Subtotal (A): 1,080,065 7.49%

B: Financial Instruments according to SMA 9:6a

Type of financial instrument Expiration date Exercise/Conversion Period Physical or cash settlement Number of shares and voting rights % of shares and voting rights
Warrants 22 August 2024 2 April 2019 (on or about) – 22 August 2024 Physical 1,001,000 6.94%
Subtotal (B): 1,001,000 6.94%

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
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 organisations with 100% spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions. 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 http://investors.basware.com/en.

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