Ms. Kerrie Cohen of Warburg Pincus reports

EARLY WARNING REPORT REGARDING ACQUISITION OF COMMON SHARES BY WARBURG PINCUS IN DOCEBO INC.

This press release has been issued by Warburg Pincus LLC on behalf of the funds and investment vehicles managed by Warburg listed under item 2.1 of the accompanying early warning report, to disclose the acquisition of 118,550 common shares of Docebo Inc., representing approximately 0.39 per cent of the issued and outstanding common shares. The common shares pursuant to the acquisition were acquired for $45.59 ($31.38 (U.S.)) per common share for an aggregate cash consideration of approximately $5,404,694.50 ($3,720,620.62 (U.S.)).

Immediately prior to the acquisition, the Warburg funds beneficially owned or controlled 3,512,165 common shares, representing approximately 11.62 per cent of the issued and outstanding common shares (on a non-diluted basis).

Immediately following the acquisition, the Warburg entities beneficially own or control 3,630,715 common shares, representing approximately 12.01 per cent of the issued and outstanding common shares (on a non-diluted basis).

The Warburg entities acquired the common shares in the ordinary course of business for investment purposes. Depending on market conditions, Warburg's view of Docebo's prospects and other factors considered relevant by Warburg, the Warburg entities may, from time to time, acquire additional common shares, dispose of some or all of the existing common shares, or continue to hold the common shares.

This press release is issued pursuant to the requirements of National Instruments 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues). An early warning report with additional information in respect of the foregoing matters will be filed and made available on SEDAR+ under the company's issuer profile at SEDAR+.