Resolutions of Basware Annual General Meeting

BASWARE CORP. STOCK EXCHANGE RELEASE FEBRUARY 12, 2009

Basware Corporation's Annual General Meeting (AGM) held on February
12, 2009 adopted the income statement and balance sheet as well as
the Group income statement and Group balance sheet for 2008. The AGM
also discharged the members of the Board of Directors and CEO from
liability for financial year 2008.

The Annual General Meeting resolved to distribute a dividend of EUR
0.23 per share for 2008. The remainder was resolved to carry forward
to the retained earnings account. The dividend will be paid on
February 24, 2008 to shareholders registered in the company's
Register of Shareholders held by Finnish Central Securities
Depository Ltd on the record date of February 17, 2008.

The Annual General Meeting resolved to compensate the members of the
Board according to the following: members EUR 24 000 per year; Deputy
Chairman EUR 28 000 per year and Chairman EUR 48 000 per year. The
remuneration is not paid to those members of the Board who hold a
fulltime position at Basware. Additionally, all members of the Board
are paid a meeting fee of EUR 300 per meeting. Annual remuneration is
paid in the following manner: those members of the Board whose share
ownership of Basware Corp. is less than 5 000 shares, will be
acquired Basware shares, publicly traded at Helsinki Stock Exchange,
for the amount of 40 percent of the gross sum of the annual
remuneration. The shares will be acquired as soon as possible after
the closing of the Annual General Meeting.

The AGM confirmed the number of Board member to be five. Hannu
Vaajoensuu, Sakari Perttunen, Matti Copeland, Pentti Heikkinen and
Ilkka Toivola and were elected to the Board of Directors.

The AGM further resolved to elect Ernst & Young Oy, Authorized Public
Accountants, to act as the auditor, with APA Heikki Ilkka in charge,
and APA Terhi Mäkinen as the deputy auditor. The Auditor will be paid
according to the proposed reasonable fee.


Board's Authorizations

Authorization to resolve on share issue

The Annual General Meeting authorized the Board to resolve on the
issuance of a maximum of 2 293 624 shares and on the conveying of a
maximum of 1 146 812 shares in possession of the Company in one or
more installments, either against pay or free of charge.

The new shares can be issued and the Company's own shares conveyed
either against payment or for free to the Company's shareholders in
proportion to their holding or by means of a directed issue,
deviating from the pre-emptive rights of the shareholders provided
that from the Company's perspective there are important financial
grounds for it, such as enabling business arrangements and company
acquisitions, company's capital management, personnel incentive
program or other reasons for developing the Company's business
activities.

The authorization also includes the right to grant warrants and other
special rights, as specified in the Chapter 10, section 1 of the
Companies Act, to receive new shares in the company or Basware shares
held by the company against payment such that either the share
subscription price will be paid in cash or the subscriber's
receivables will be offset against the subscription price.

The authorization also includes the right to resolve on a free issue
to the Company itself. The amount of the shares issued to the Company
can be a maximum of 1 146 812 shares, including shares acquired based
on the authorization or the previously acquired own shares of the
Company.

The subscription prices of new shares and the sum paid for the own
shares will be recorded in the fund for invested non-restricted
equity.
The authorization is valid until March 31, 2010.

Authorization to resolve on acquiring the Company's own shares

The AGM authorized the Board to resolve on the acquisition of a
maximum of 1 146 812 own shares, pursuant to the Chapter 15, section
5 of the Companies Act.

The new shares are acquired with invested non-restricted equity on
the market price at the Helsinki Stock Exchange at the time of the
acquisition.

The shares can either be held by the Company, nullified or conveyed
further.

The authorization for acquisition is valid until March 31, 2010.


First meeting of the Board of Directors

In its first meeting held after the Annual General Meeting, the Board
of Directors elected Hannu Vaajoensuu as chairman and Sakari
Perttunen as vice chairman of the Board.


BASWARE CORP.
Hannu Vaajoensuu

For more information, please contact:
Chairman of the Board Hannu Vaajoensuu, Basware Corp., tel. +358 40
501 8250

Distribution:
Helsinki Stock Exchange
Principal media
www.Basware.com