Mr. JP Chauvet reports

LIGHTSPEED ANNOUNCES PLANNED DEPARTURE OF CHIEF OPERATING OFFICER BRANDON NUSSEY

Lightspeed Commerce Inc. chief operating officer Brandon Nussey will be stepping down from his position. Mr. Nussey will stay at Lightspeed until May to ensure a smooth transition, after which his responsibilities will be distributed among other executives.

"On behalf of Lightspeed, I would like to thank Brandon for his outstanding leadership, selfless partnership and financial and operational stewardship. Brandon helped lay the solid foundation that supports the company's continued innovation, global presence and profitable growth," said JP Chauvet, Lightspeed's chief executive officer. "Brandon brought invaluable strategic insight and expertise to our business during his tenure with Lightspeed, including steering Lightspeed through its Toronto Stock Exchange and New York Stock Exchange IPOs [initial public offering] and scaling its financial services offerings across the globe. We wish him much success in his future endeavours, and are grateful for his partnership in ensuring a smooth and orderly transition."

"I am proud of our achievements since I joined Lightspeed five years ago," said Mr. Nussey. "It has been an honour to work with JP, Asha, Dax and the Lightspeed leadership team, and so many exceptionally talented individuals, as we grew Lightspeed into the leader it is today. I leave knowing that Lightspeed is in good hands and well positioned for the future."

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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