Mr. J.P. Chauvet reports

LIGHTSPEED PUBLISHES ITS FIRST SUSTAINABILITY REPORT

Lightspeed Commerce Inc. has released its first sustainability report.

This report demonstrates Lightspeed's commitment to put sustainability at the heart of its business and sets out its environmental, social and governance (ESG) initiatives and highlights for the fiscal year ended March 31, 2022.

"From the beginning, enabling a better future in the communities where we live and work has been at the core of Lightspeed's mission," said Dax Dasilva, executive chair of Lightspeed's board of directors. "Our inaugural sustainability report provides a snapshot of our progress, and our ongoing commitment to advancing corporate social responsibility and diversity, equity and inclusion initiatives. It is up to all of us to drive meaningful change and we will continue to challenge ourselves to do so."

Some highlights of Lightspeed's sustainability initiatives include:

• Lightspeed created a carbon-free dining program in the United Kingdom, in partnership with Sustainability Run, giving its customers the ability to offset the carbon emissions associated with their diners by planting trees. This program has already resulted in the planting of over one million trees; Lightspeed plans to expand this program to other regions.
• Lightspeed gave approximately $1-million to its employees during the COVID-19 pandemic to spend in support of its merchants, in addition to helping merchants navigate government subsidy programs in many countries.
• Lightspeed continues to invest in education through partnerships with organizations like Summit School, Technovation Montreal and Black Girls Code, which help provide underserved communities with equal access to education and vocational training.

"Building strong, thriving communities through commerce permeates everything that we do and, more importantly, how we do it," said J.P. Chauvet, chief executive officer of Lightspeed. "With the launch of this report, we aim not only to continue building on our strong foundation as we reimagine the way we do business responsibly, equitably and sustainably, but aspire to be a benchmark for other companies to drive the industry forward."

Additional key findings from Lightspeed's sustainability report include:

• Based on Lightspeed's annual diversity, equity and inclusion and engagement survey, 88 per cent of its employees feel that they can be their authentic self at work.
• The company's employee base includes 11 per cent Lesbian, gay, bisexual, transgender, queer and two-spirited-plus (LGBTQ2S+), 12 per cent persons with disabilities, and 28 per cent black, indigenous and people of colour (BIPOC) representation.
• With more than two million employee accounts registered on the company's platform, Lightspeed is significantly impacting how retail and restaurant workers do their jobs globally.

More information on the company's sustainability progress can be found in the full report.

About Lightspeed Commerce Inc.

Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. The company's cloud commerce solution transforms and unifies on-line and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

Founded in Montreal, Canada, in 2005, Lightspeed is dual-listed on the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSX). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

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