Ms. Carrie Gillard reports

SHOPIFY TO TRANSFER U.S. STOCK EXCHANGE LISTING TO NASDAQ; NO CHANGE TO TSX LISTING

Shopify Inc. will voluntarily transfer its United States stock exchange listing to the Nasdaq Global Select Market (Nasdaq) from the New York Stock Exchange (NYSE). Shopify expects that its Class A subordinate voting shares will cease trading on the NYSE at market close on Friday, March 28, 2025, and that its Class A subordinate voting shares will commence trading on the Nasdaq on Monday, March 31, 2025.

Shopify's listing on the Toronto Stock Exchange (TSX) will not be impacted, and its Class A subordinate voting shares will continue to be listed under the ticker symbol SHOP on both the TSX and Nasdaq.

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 BarkBox, Vuori, BevMo, Carrier, JB Hi-Fi, Meta, ButcherBox, Skims, supreme and many more.

We seek Safe Harbor.