General Meeting of Shareholders

The General Meeting is the highest decision-making body of Basware Corporation. The Annual General Meeting is summoned once a year, within six months following the end of the financial period, on a date set by the Board of Directors. Extraordinary General Meetings are arranged, if necessary, during the year. According to the Articles of Association, the General Meeting is held in Espoo (the company domicile), Helsinki, or Vantaa, all in Finland. The invitation to the General Meeting and advance information on matters to be dealt with at the meeting are published in at least one Finnish-language daily newspaper published in Finland, disclosed as a stock exchange release and made available on the Company website.

The Annual General Meeting decides on the following matters:

• Approving of the Income Statement and the Balance Sheet
• Measures occasioned by the profit or loss shown in the approved Balance Sheet
• Discharging the members of the Board and the CEO from liability
• Number of members of the Board and election of the members
• Election of regular Auditors and the deputy auditors
• Remunerations to the members of the Board and the Auditors
• Other matters mentioned in the invitation to the General Meeting