Mr. Alexandre Mongeon reports

VISION MARINE TECHNOLOGIES APPOINTS LAKSHMI RAMPERSAUD AS GENERAL MANAGER OF NAUTICAL VENTURES GROUP

Vision Marine Technologies Inc. has appointed Lakshmi Rampersaud as general manager of its subsidiary, Nautical Ventures Group Inc. (NVG).

A long-standing member of the Nautical Ventures team, Ms. Rampersaud has played an integral role in the company's operations and development since joining the organization in 2021. The appointment expands Ms. Rampersaud's leadership mandate and formalizes the central operating role progressively assumed across the business.

As general manager, Ms. Rampersaud will oversee NVG's day-to-day operations and co-ordinate execution across sales, service, purchasing, inventory management, accounting and customer support.

Ms. Rampersaud's contributions to Nautical Ventures extend across procurement, inventory planning, supplier relations, international logistics and cross-functional execution. This broad involvement has positioned Ms. Rampersaud at the intersection of the principal activities supporting NVG's multilocation retail, service and customer-delivery platform.

Throughout Nautical Ventures' expansion, its acquisition by Vision Marine and the subsequent integration of the businesses, Ms. Rampersaud has provided operational continuity and extensive institutional knowledge. A detailed understanding of NVG's product portfolio, supplier network, internal processes and customer-delivery requirements has made Ms. Rampersaud a key point of co-ordination among management and the company's operating departments.

"Lakshmi Rampersaud has played a consequential role in the development and operation of Nautical Ventures," said Alexandre Mongeon, chief executive officer of Vision Marine. "Lakshmi understands the organization at an operational level -- from purchasing and inventory to sales, service and customer delivery -- and has consistently demonstrated the judgment required to co-ordinate these interconnected functions. This appointment establishes clear day-to-day leadership under an executive with deep knowledge of the business and its stakeholders."

Ms. Rampersaud brings more than 18 years of experience across marine retail, supply chain management, international logistics and commercial account operations. Before joining Nautical Ventures, Ms. Rampersaud held progressively senior positions with Florida East Coast Railway and ARI Shipping Corp. Ms. Rampersaud holds a bachelor of business administration in international business and marketing from Florida International University, with a concentration in logistics, supply chain management and operations.

In 2024, Boating Industry named Ms. Rampersaud among its Women Making Waves honorees for leadership and contributions to the recreational boating industry.

In the new role, Ms. Rampersaud will work in close co-ordination with Maxime Poudrier, chief operating officer of Vision Marine, to maintain alignment between Nautical Ventures and its parent company. The mandate will centre on operating discipline, departmental accountability, inventory and purchasing co-ordination, and consistent execution across NVG's Florida platform.

"Nautical Ventures has a highly capable team, an established portfolio of marine brands and a strong presence in the Florida boating market," said Ms. Rampersaud. "My mandate is to bring those capabilities together through clear priorities, closer co-ordination and disciplined execution. I look forward to leading our teams as we continue strengthening the operating platform and the experience we provide to our customers and manufacturing partners."

Ms. Rampersaud's appointment advances Vision Marine's broader objective of maintaining an integrated operating structure across its technology, retail and marine-service activities.

About Nautical Ventures Group Inc.

Nautical Ventures Group is a Florida-based marine retailer and service provider offering boats, tenders, yachts, watersports products, marina services, parts and related solutions through its network of locations. The company represents a diversified portfolio of established and emerging marine brands and supports customers throughout the selection, purchase, delivery, service and ownership experience.

About Vision Marine Technologies Inc.

Vision Marine Technologies is a marine technology and recreational boating company focused on delivering premium on-water experiences through proprietary high-voltage electric propulsion systems and a multibrand retail, service and distribution platform. Through its E-Motion technology and Nautical Ventures network, Vision Marine combines technology development, product integration, consumer access and marine service capabilities across electric and conventional boating segments.

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