Mr. Alexandre Mongeon reports

VISION MARINE TECHNOLOGIES PROVIDES OPERATIONAL UPDATE ON NAUTICAL VENTURES PLATFORM

Vision Marine Technologies Inc. is highlighting continued operational initiatives at Nautical Ventures, the company's Florida-based retail and service platform.

The company's operational initiatives at Nautical Ventures include:

• Continued development of financing and insurance offerings;

• Ongoing focus on customer monetization initiatives;

• Continued implementation of retail and operational optimization initiatives;

• Continued focus on inventory management and customer engagement.

Management continues to focus on operational execution, customer engagement and retail optimization initiatives intended to support long-term platform development and customer experience.

Since the acquisition of Nautical Ventures, Vision Marine has focused on strengthening execution through inventory optimization, customer financing procedures, insurance offerings, service integration, sales process improvement and customer life-cycle management.

"Our operational work at Nautical Ventures is focused on improving retail processes, customer financing procedures and service co-ordination across the platform," said Alexandre Mongeon, chief executive officer of Vision Marine. "These initiatives are part of a broader operational review as we continue to integrate Nautical Ventures into Vision Marine's marine technology, retail and service platform."

Nautical Ventures provides Vision Marine with direct consumer access across one of the world's most active recreational boating markets and supports diversified customer-facing activities across new and preowned boat sales, service and warranty programs, marina operations, and storage, parts and accessories, financing and insurance solutions, rentals, and experiential boating activities, and future electric propulsion-related opportunities.

These areas remain part of Vision Marine's integration and operational review following the acquisition of Nautical Ventures.

Corporate governance update

Vision Marine is also announcing that meeting materials have been filed in connection with the company's special meeting of shareholders scheduled for June 15, 2026, including approval of a proposed share consolidation within a range of 5:1 to 10:1, if determined advisable by the board of directors.

The proposed consolidation is intended to preserve strategic flexibility with respect to continued listing requirements, including compliance with the minimum bid price requirement provided under Nasdaq Stock Market listing rules. The proposed consolidation remains subject to shareholder approval and the approval of the TSX Venture Exchange.

Complete meeting materials are available through the company's public filings. Please consult the meeting materials for additional details on the proposed consolidation.

About Vision Marine Technologies Inc.

Vision Marine Technologies is a company specializing in high-voltage marine propulsion and a vertically integrated multibrand boat retail and service platform. Through its proprietary E-Motion electric propulsion technology and its ownership of Nautical Ventures, an award-winning marine dealership network with eight locations across Florida, Vision Marine combines advanced marine engineering, intellectual property development and direct-to-consumer market access.

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