Ms. Asha Bakshani reports

LIGHTSPEED ANNOUNCES VOTING RESULTS FROM ITS ANNUAL SHAREHOLDERS' MEETING

The voting results for the items of business put forth by Lightspeed Commerce Inc. at its annual shareholder meeting held on Aug. 1, 2024. Lightspeed is the unified POS (point-of-sale) and payment 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 as follows.

1. 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 following results.

Votes for:  103,729,855 (99.84 per cent)

Votes withheld:  168,200 (0.16 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 following results.

Votes for:  98,781,998 (98.92 per cent)

Votes against:  1,079,404 (1.08 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. 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.

Founded in Montreal, Canada, in 2005, Lightspeed is dual listed on the New York Stock Exchange (NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). 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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