Mr. Dax Dasilva reports

LIGHTSPEED COMMERCE APPOINTS MANON BROUILLETTE AS EXECUTIVE CHAIR OF ITS BOARD OF DIRECTORS

Lightspeed Commerce Inc. has appointed Manon Brouillette as executive chair of its board of directors, effective April 1, 2025, to coincide with the first day of Lightspeed's new fiscal year.

"I'm thrilled to be named as Lightspeed's board chair during this pivotal moment in the company's history," said Ms. Brouillette. "Lightspeed is an incredible success story, celebrating 20 years supporting growing businesses and entrepreneurs, and I believe the company has a powerful mission and vision to propel its next phase of growth for the years to come."

Ms. Brouillette brings a wealth of experience and expertise to her role as executive chair. She currently serves as chair of the board of directors of Hydro-Quebec, the largest renewable-energy company in Eastern Canada, and her past board service includes Sonder, Altice USA and SFR (Altice France). During her career, Ms. Brouillette has accrued a strong foundation in omnichannel and company transformation, acting as the former chief executive officer of Verizon Consumer Group, and executive-vice-president of Verizon, as well as president and CEO of Videotron. Ms. Brouillette rejoined Lightspeed's board of directors in October, 2023, where she played an instrumental role in developing the company's recently deployed transformation strategy.

"We are truly grateful to have had Manon Brouillette be part of our board, and are excited to have her bring her extensive experience in scaling growth companies to the executive chair role," said Dax Dasilva, founder and chief executive officer at Lightspeed. "As we enter a period of focused transformation for Lightspeed, Manon's record of success with business transformations will add immense value to our executive leadership team and our company."

Previous to Ms. Brouillette's appointment, Patrick Pichette has been serving as interim chair of the board. Mr. Pichette will continue to serve as a director on the board. Along with Ms. Brouillette's appointment, Lightspeed has appointed Dale Murray as the board's lead independent director.

This announcement comes ahead of Lightspeed's capital markets day, scheduled for March 26, 2025, at the New York Stock Exchange, where Lightspeed's management team will provide a comprehensive update on the company's transformation plan, operational and financial impact, products and go-to-market efforts, and provide a long-term financial outlook.

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 omnichannel 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.

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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