Mr. Gus Papageorgiou reports

LIGHTSPEED COMMERCE RESPONDS TO MEDIA REPORTS

Lightspeed Commerce Inc. has issued the following statement.

While it is the long-standing policy of Lightspeed Commerce not to comment on market rumours, the company notes the recent media reports concerning a potential transaction involving the company.

Lightspeed Commerce periodically undertakes, and is currently conducting, a strategic review of its business and operations with a view to realizing its full potential. In this context, the company has engaged, and may continue to engage, in discussions relating to a range of potential strategic alternatives.

The board of directors of Lightspeed Commerce is committed to acting in the best interests of the company and its stakeholders.

The company does not intend to issue or disclose developments with respect to any of the above matters except as required under its regulatory obligations.

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 omnichannel 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 and Toronto Stock Exchange. With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

We seek Safe Harbor.