Mr. Dax Dasilva reports

LIGHTSPEED ANNOUNCES MERLINE SAINTIL IS STEPPING DOWN FROM ITS BOARD OF DIRECTORS

Lightspeed Commerce Inc.'s Merline Saintil is stepping down from the board of directors, effective Dec. 31, 2022.

Ms. Saintil served on Lightspeed's board for over two years and currently serves on the board of several technology companies, including Rocket Lab, GitLab, TD Synnex, Symbotic and Evolv Technology.

"On behalf of our board and management team, we thank Merline for her commitment and significant contributions to Lightspeed," said Dax Dasilva, founder and executive chair of Lightspeed. "Since joining the board, Merline, with her deep technology and product expertise, has provided us with perspectives that have helped Lightspeed achieve important milestones and paved the way for future success."

"It has been an honour to work with Lightspeed's board and leadership team," said Ms. Saintil. "While I remain a strong believer in the company and its strategy, I must step away at this time to give appropriate focus to my responsibilities serving on the boards of a number of other public companies."

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. Lightspeed'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.

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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