Internet, Everywhere - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, announced the results of its annual general and special meeting of shareholders (the 'Meeting') held on June 7, 2022. All director nominees were elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as the Company's auditors. Shareholders approved the previously announced amendments to the Company's restated articles of incorporation to update its governance structure, as well as the previously announced 10-for-1 split of the Company's Class A and Class B shares to be effected through a separate amendment to its restated articles of incorporation (the 'Share Split'), all as further described in the Company's management information circular dated April 11, 2022 (the 'Circular'). Shareholders also approved the advisory resolution on the Company's approach to executive compensation disclosed in the Circular.

Forward-Looking Statements

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws ('forward-looking statements'). Words such as 'expect', 'continue', 'will', 'plan', and 'intend' or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on Shopify's current expectations about future events and financial trends that management believes might affect its financial condition, results of operations, business strategy and financial needs, and on certain assumptions and analysis made by Shopify in light of the experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate. These projections, expectations, assumptions and analyses are subject to known and unknown risks, uncertainties, assumptions and other factors that could cause actual results, performance, events and achievements to differ materially from those anticipated in these forward-looking statements. Although Shopify believes that the assumptions underlying these forward-looking statements are reasonable, they may prove to be incorrect, and readers cannot be assured that the Arrangement and the Share Split discussed above will be completed on the terms described above. The forward-looking statements contained in this press release represent Shopify's expectations as of the date of this press release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. Shopify undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Contact:

Stephanie Ross

Communications Lead

E: press@shopify.com

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