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2017-01-26

Basware: Nomination Committee's proposals to Basware's Annual General Meeting 2017

Basware Corporation, stock exchange release, January 26, 2017 at 15:00
Nomination Committee's proposals to Basware's Annual General Meeting 2017
Proposal on the composition of Board of Directors
The Nomination Committee proposes that the number of members of the Board of
Directors of Basware Corporation would be six (6).

The Nomination Committee proposes that Mr. Hannu Vaajoensuu, Mr. Ilkka Sihvo,
Mr. David Bateman, Mr. Michael Ingelög, Mrs. Tuija Soanjärvi and Mr. Anssi
Vanjoki would be re-elected as members of the Board of Directors.

More information on the proposed Board members is available on the company's
investor site atwww.basware.com/investors.
Proposal on Board of Directors' remuneration
The Nomination Board proposes to the General Meeting that the members of the
Board of Directors to be elected for a term of office ending at the end of
the Annual General Meeting of 2018 will be paid as follows: to the members of
the Board of Directors and committee members EUR 27,500, to the vice chairman
of the Board of Directors and the Chairman of the Audit Committee EUR 32,000
and to the chairman of the Board of Directors EUR 55,000.

The Nomination Board proposes that the chairmen of the Board of Directors and
its committees shall receive EUR 700 per attended meeting and members of the
Board of Directors and its committees shall receive EUR 500 per attended
meeting.

The Nomination Board furthermore proposes that out of the annual remuneration
to be paid to the Board members, 40 per cent of total gross compensation
amount will be used to purchase Basware Corporation's shares at trading on
regulated market organized by Nasdaq Helsinki Ltd. However, this only
concerns Board members whose ownership of Basware Corporation is less than
5,000 shares. The purchase of shares will take place as soon as possible
after the decision by the General Meeting. Shares received as remuneration
may not be sold or otherwise transferred during a period of two years. This
restriction does not concern persons who are no longer Board members. Travel
expenses of the members of the Board of Directors are reimbursed in
accordance with the company's travel policy.

Proposal regarding the Charter of the Nomination Board
The Nomination Board proposes to the General Meeting that the Charter of the
Nomination Board would be clarified so that also the shareholdings of nominee
registered shareholders may be taken into account when determining the
composition of the Nomination Board.

The Nomination Board
The Annual General meeting of Basware Corporation, held on March 15, 2016,
decided to establish a permanent Shareholders' Nomination Board in accordance
with the proposal of the Board of Directors. On September 23, 2016, Mr. Mikko
Mursula (Chief Investment Officer, Ilmarinen Mutual Pension Insurance
Company), Mr. Ilkka Sihvo (Vice Chairman of the Board of Directors and CEO of
Solaforce and Softaforce), Mrs. Kirsi Eräkangas (several board chairman or
vice chairmanships or memberships and a major shareholder) and Mr. Hannu
Vaajoensuu (Chairman of Basware's Board of Directors and several other board
chairman or vice chairmanships or memberships), were nominated as members of
the Nomination Board of the company. Mr. Mursula is the Chairman of the
Nomination Board.

The Board of Directors of Basware Corporation will include these proposals
into the notice of the Annual General Meeting of 2017. The Annual General
Meeting is tentatively scheduled to be held on Thursday, March 16, 2017 in
Helsinki, Finland. The Board of Directors will convene the meeting separately
at a later date.

For more information:
Sirje Ahvenlampi-Hyvönen, Communications Director, Basware Corporation
Tel. +358 50 557 3822,sirje.ahvenlampi@basware.com
Distribution:

Nasdaq Helsinki
Key media
www.basware.com/investors
About Basware:

Basware(Nasdaq: BAS1V) is the global leader in providing networked
purchase-to-pay solutions, e-invoicing and innovative financing services.
Basware's commerce and financing network connects businesses in over 100
countries and territories around the globe. As the largest open business
network in the world, Basware provides scale and reach for organizations of
all sizes, enabling them to grow their business and unlock value across their
operations by simplifying and streamlining financial processes. Small and
large companies around the world achieve significant cost savings, more
flexible payment terms, greater efficiencies and closer relationships with
their suppliers. Find out more atwww.basware.com/investors.
Follow Basware on Twitter: @Basware, join the discussion on theBasware
LinkedIn,Basware FacebookandBasware Blogand subscribe for the latest news.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Basware via Globenewswire

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