Proposal to the Annual General Meeting of Basware Corporation for a new member of the Board

Tuesday, 08 March, 2016
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Basware Corporation, stock exchange release, March 8, 2016 at 09:30

Proposal to the Annual General Meeting of Basware Corporation for a new member of the Board

The shareholders representing more than 30 % of the shares and votes in Basware Corporation have notified the Board of Directors that they will propose to the Annual General Meeting, to be arranged on March 15, 2016, that David Bateman be elected as a new member of the Board of Directors. David Bateman works as a consultant in a senior advisory capacity at Arrowgrass Capital Partners LLP, a London headquartered alternative asset manager. He is introduced at the company's investor webpages at www.basware.com/annual-general-meeting.

The notice to the shareholders of Basware Corporation to the Annual General Meeting and the matters 11 and 12 on the agenda, given on February 2, 2016, are updated as follows:

11. Resolution on the number of members of the Board of Directors

The shareholders representing more than 30 % of the shares and votes in the company have notified the Board of Directors that they will propose to the General Meeting that for the next term of office the number of the members of Board of Directors shall be six (6).

12. Election of members of the Board of Directors

The shareholders representing more than 30 % of the shares and votes in the company have notified the Board of Directors that they will propose to the General Meeting that Hannu Vaajoensuu, Ilkka Sihvo, Michael Ingelög, Tuija Soanjärvi and Anssi Vanjoki be re-elected as members of the Board of Directors and that David Bateman be elected as a new member of the Board of Directors.

The Annual General Meeting of Basware Corporation will be held on Tuesday, March 15, 2016 at 1:00 PM in Helsinki, at the auditorium of the National Museum of Finland, in Mannerheimintie 34, Helsinki, Finland. More information on the meeting can be found on the company's investor webpages at www.basware.com/annual-general-meeting.

BASWARE CORPORATION
Board of Directors

For more information, please contact:

Hannu Vaajoensuu, Chairman of the Board, Basware Corporation
Tel. +358 40 501 8250

Distribution:
Nasdaq Helsinki Ltd
Main media
www.basware.com/investors