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Lightspeed Files Preliminary Base Shelf Prospectus

Financings

LIGHTSPEED FILES PRELIMINARY BASE SHELF PROSPECTUS

Montreal, QC (July 29, 2019) – Lightspeed POS Inc. (“Lightspeed” or the “Company”) (TSX: LSPD) today

announced that it has filed a preliminary short form base shelf prospectus with the securities regulatory

authorities in each of the provinces and territories of Canada.

The base shelf prospectus, when made final, will allow Lightspeed and certain of its security holder s to

qualify the distribution by way of prospectus in Canada of up to C$500,000,000 of subordinate voting

shares, preferred shares, debt securities, warrants, subscription receipts, units, or any combination thereof,

during the 25-month period that the bas e shelf prospectus is effective. The specific terms of any offering

under the base shelf prospectus will be established in a prospectus supplement, which will be filed with the

applicable Canadian securities regulatory authorities in connection with any such offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be

any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale

would be unlawful prior to the registration or qualification under the securities laws of any such province,

state or jurisdiction.

A copy of the preliminary short form base shelf prospectus can be found on SEDAR at www.sedar.com.

About Lightspeed

Lightspeed (TSX : LSPD) is a cloud -based commerce platform powering small and medium -sized

businesses in approximately 100 countries around the world. With smart, scalable, and dependable point of

sale systems, it ’s an all -in-one solution that helps restaurants and retail ers sell across channels, manage

operations, engage with consumers, accept payments, and grow their business.

Headquartered in Montréal, Canada, Lightspeed is trusted by favorite local businesses, where the

community goes to shop and dine. Lightspeed has grown to over 700 employees, with offices in Canada,

USA, Europe, and Australia.

Forward-Looking Statements

This news release may include forward-looking statements. Forward-looking statements are statements that

are predictive in nature, depend upon or ref er to future events or conditions and are identified by words

such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions

concerning matters that are not historical facts. Such statements are based on curren t expectations of the

Company's management and inherently involve numerous risks and uncertainties, known and unknown,

including economic factors. A number of risks, uncertainties and other factors may cause actual results to

differ materially from the forward -looking statements contained in this news release, including, among

other factors, those risk factors identified in our most recent Management's Discussion and Analysis of

Financial Condition and Results of Operations and under "Risk Factors" in our m ost recent Annual

Information Form, both of which are available under our profile on SEDAR at www.sedar.com. Forward-

looking statements contained in this news release are not guarantees of future performance and, while

forward-looking statements are based on certain assumptions that the Company considers reasonable, actual

events and results could differ materially from thos e expressed or implied by forward -looking statements

made by the Company. Readers are cautioned to consider these and other factors carefully when making

decisions with respect to the Company and not place undue reliance on forward-looking statements. Except

as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update

publicly or revise any such forward-looking statements, whether as a result of new information, future

events or otherwise.

Contacts:

Chris Mammone

The Blueshirt Group

[email protected].

Brandon Nussey

Chief Financial Officer

[email protected]

SOURCE Lightspeed POS Inc.