Ms. Carrie Gillard reports

SHOPIFY ANNOUNCES RESULTS OF ITS 2023 ANNUAL MEETING OF SHAREHOLDERS

Shopify Inc. has released the results of its annual meeting of shareholders held on June 27, 2023. All director nominees were elected to the board of directors and PricewaterhouseCoopers LLP was appointed as auditor. Shareholders also approved the advisory resolution on the company's approach to executive compensation, as further described in the company's management information circular dated May 12, 2023.

The detailed results of the meeting were as follows:

1. Election of directors

The eight nominees for director that were proposed by management of the company were elected by a majority of the votes cast by shareholders present or represented by proxy at the meeting.

2. Appointment of auditor

PricewaterhouseCoopers LLP was appointed as the company's auditor by a majority of the votes cast by shareholders present or represented by proxy at the meeting, and the directors were authorized to fix the auditor's compensation.

3. Advisory vote on executive compensation

The advisory resolution on the company's approach to executive compensation was approved by a majority of the votes cast by shareholders present or represented by proxy at the meeting.

Following the meeting, the board of directors selected Tobias Lutke to continue to serve as chair of the board of directors, and Robert Ashe to continue to serve as lead independent director.

About Shopify Inc.

Shopify is the leading global commerce company that provides essential Internet infrastructure for commerce, offering trusted tools to start, scale, market and run a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for speed, customization, reliability and security, while delivering a better shopping experience for consumers on-line, in store and everywhere in between. Shopify powers millions of businesses in more than 175 countries and is trusted by brands such as Mattel, Gymshark, Heinz, FTD, Netflix, Kylie Cosmetics, SKIMS, Supreme and many more.