BasWare Corp. Stock Exchange Release January 15, 2007 BASWARE PREPARES THE 2006 FINANCIAL STATEMENTS AND COMPARATIVE FIGURES ACCORDING TO NEW ACCOUNTING PRINCIPLES AND RESTATES INTERIM REPORTS AND COMPARATIVE FIGURES FOR THE FIRST THREE QUARTERS OF 2006 BasWare Corp. adjusts its accounting principles regarding the revenue recognition of license sales, as recommended by the new auditor. The need for the adjustment arose in conjunction with the 2006 Financial Statements audit. BasWare's Annual General Meeting on February 15, 2006 elected Deloitte & Touche, Authorized Public Accountants as regular auditor, with APA Eero Lumme in charge. In some cases, BasWare has in the end of the quarters entered license sales as revenue based on agreements where the actual license delivery has been delayed by some days. As a result, license sales have been recognized as revenue a month beforehand. In addition, the revenue recognition principles of 2006 license sales have been adjusted according to the auditor's recommendation. As of the beginning of 2006, the valuation principles have also been tightened with regards to accounts receivables. Based on the above-mentioned principles, BasWare is to prepare the 2006 Financial Statements and comparative figures according to the new principles and restate the 2006 interim reports and the corresponding 2005 comparative figures for the first three quarters. The above-mentioned, adjusted principles will also be applied in the 2006 Financial Statements, in the last interim report of the year as well as in the future Financial Statements of the Company. Contrary to the previously announced date, BasWare Corp. will publish the 2006 Financial Statements on February 1, 2007. The restated comparative figures for 2005 as well as the 2006 interim reports for the three first quarters will be published on the same date. The Annual General Meeting is postponed to be held on February 26, 2007. BasWare Corp. assesses that the adjusted accounting principles have no effect on the Company's financial performance in the future. BasWare Corp. will publish preliminary information on the 2006 Financial Statements' key figures immediately after this release. BASWARE CORP. Ilkka Sihvo For further information, please contact: CEO Ilkka Sihvo, BasWare, tel. +358 40 501 8251