Mr. Jean Paul Chauvet reports

LIGHTSPEED ANNOUNCES VOTING RESULTS FROM ITS ANNUAL AND SPECIAL SHAREHOLDERS' MEETING

Lightspeed Commerce Inc. has released the voting results for the items of business put forth by the company at its annual and special shareholders meeting held on Aug. 4, 2022.

1. Election of directors

The eight candidates proposed as directors were duly elected directors of the company by a majority of the votes cast by the shareholders present or represented by proxy at the meeting.

            VOTING RESULTS FOR ELECTION OF DIRECTORS

Name of nominee      Votes for        %   Votes withheld        %      

Patrick Pichette    91,087,922   98.60%        1,296,782    1.40% 
Dax Dasilva         90,724,978   98.20%        1,659,726    1.80% 
Dale Murray         90,069,887   97.49%        2,314,817    2.51% 
Jean Paul Chauvet   91,959,257   99.54%          425,447    0.46% 
Merline Saintil     49,759,953   53.86%       42,624,751   46.14%
Nathalie Gaveau     91,161,068   98.68%        1,223,636    1.32% 
Paul McFeeters      92,170,100   99.77%          214,604    0.23% 
Rob Williams        91,929,327   99.51%          455,377    0.49%  

2. Appointment of auditor

A ballot was conducted with respect to the appointment of PricewaterhouseCoopers LLP as the company's auditor. According to the proxies received and ballots cast, PwC was appointed the company's auditor with the following results.

Votes for:  94,302,444 (99.90 per cent)

Votes withheld:  95,741 (0.10 per cent)

3. Advisory vote on executive compensation

A ballot was conducted with respect to approving an advisory, non-binding resolution on the company's approach to executive compensation as more fully described in the company's management information circular. According to the proxies received and ballots cast, such advisory, non-binding resolution on the company's approach to executive compensation was approved with the following results.

Votes for:  63,985,334 (69.26 per cent)

Votes against:  28,399,369 (30.74 per cent)

The board of directors of the company was pleased to see majority support in favour of the company's approach to executive compensation. The board and management took steps to understand shareholder concerns and address them in advance of this vote, as noted in the company's most recent management information circular, but will further engage with shareholders to listen to any concerns with the company's approach to executive compensation.

4. Forum selection bylaw

A ballot was conducted with respect to approving a resolution of the shareholders approving a forum selection bylaw as more fully described in the company's management information circular. According to the proxies received and ballots cast, such resolution to approve a forum selection bylaw was approved with the following results.

Votes for:  50,919,494 (55.12 per cent)

Votes against:  41,465,209 (44.88 per cent)

Final voting results on all matters voted at the meeting are available on Lightspeed Commerce's website and on SEDAR and EDGAR.

About Lightspeed Commerce Inc.

Powering the businesses that are the backbone of the global economy, Lightspeed Commerce's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. Its 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 Commerce is dual listed on the New York Stock Exchange (NYSE: LSPD) and the Toronto Stock Exchange (TSX: LSPD). 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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