Mr. Gus Papageorgiou reports

LIGHTSPEED ANNOUNCES VOTING RESULTS FROM ITS ANNUAL AND SPECIAL SHAREHOLDERS MEETING

Lightspeed Commerce Inc. today released the voting results for the items of business put forth by the company at its annual and special shareholders meeting held on Aug. 3, 2023. Powering the world's best businesses, Lightspeed is the unified POS (point of sale) and payments platform for ambitious entrepreneurs to accelerate growth, provide the best customer experiences and become a go-to destination in their space.

Shareholders of the company voted in favour of all items of business put forth at the meeting by the company. The voting results for each item of business at the meeting are presented herein.

Election of directors

The seven 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, as shown in the attached table.

2. Appointment of auditor

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

Votes for:                101,731,004 (99.92 per cent)
Votes withheld:           77,187 (0.08 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 results as displayed herein.

Votes for:               96,593,949 (98.18 per cent)
Votes against:           1,794,909 (1.82 per cent)

4. Renew the company's amended and restated omnibus incentive plan and approve all unallocated options, rights and other entitlements thereunder

A ballot was conducted with respect to approving a resolution of the shareholders to renew the company's amended and restated omnibus incentive plan and approving all unallocated options, rights and other entitlements thereunder as more fully described in the company's management information circular. According to the proxies received and ballots cast, such resolution was approved with the results as displayed herein.

Votes for:               81,747,365 (83.08 per cent)
Votes against:           16,653,486 (16.92 per cent)

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

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. 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.

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