Mr. Greg Reid reports

KRAKEN ROBOTICS APPOINTS DON ROBERTSON TO BOARD OF DIRECTORS AND JOHN SALAMA AS CHIEF INFORMATION OFFICER

Kraken Robotics Inc. has appointed Don Robertson to its board of directors and promoted John J. Salama to the role of chief information officer, effective immediately.

Mr. Robertson appointed to board of directors

Mr. Robertson brings more than 30 years of experience in corporate finance, mergers and acquisitions (M&A), and public company governance. He has advised boards of directors and senior management teams on a wide range of strategic matters, including M&A, divestitures, joint ventures, and strategic financings.

Mr. Robertson currently serves as chair of the audit committee and a member of the board of directors for both Bragg Gaming Group, a Toronto Stock Exchange- and Nasdaq Stock Market-listed technology provider, and Orillia Power Generation Corp. He previously served as managing director and head of global mergers and acquisitions for Scotiabank and as chief executive officer, Canada, and head of corporate finance, Americas, at Standard Chartered Bank.

Mr. Robertson holds a bachelor of commerce (honours) from Laurentian University, an MBA from the Schulich School of Business and a JD from Osgoode Hall Law School. He was called to the bar of Ontario in 1998.

"I am honoured to join the board of directors of Kraken Robotics and look forward to supporting the company's continued growth and innovation in advanced marine technologies," said Mr. Robertson.

"We are pleased to welcome Don to Kraken's board of directors. He brings deep capital markets expertise and significant experience advising boards on complex strategic transactions," said Greg Reid, president and chief executive officer of Kraken Robotics. "His background in both finance and law provides valuable perspective on governance and strategic decision making as Kraken continues to expand globally and execute on its growth strategy."

Kraken's board of directors will now comprise seven members, including six independent directors.

Executive appointment of Mr. Salama to chief information officer

Since joining Kraken Robotics in February, 2025, as senior vice-president, software, information technology (IT) and information systems (IS), Mr. Salama has transformed the software and IT departments by implementing a performance-driven culture and unifying disparate processes while strengthening Kraken's cybersecurity posture.

Mr. Salama brings more than two decades of executive leadership experience across technology, product and operations. He has a proven record in driving large-scale digital transformations and modernizing legacy systems to support rapid global expansion.

As chief information officer, Mr. Salama will work closely with the executive team to ensure Kraken's technology systems and infrastructure support its long-term business goals. He will oversee the modernization of enterprise platforms and data practices to improve reliability, scalability and process efficiency across the organization. Mr. Salama will also be supporting and overseeing Kraken's transformation into a digitally integrated, data-driven organization and leveraging the company's substantial data-rich assets for future revenue growth.

"Kraken's strong growth demands a strong and secure digital foundation," said Mr. Salama. "My focus is to empower our teams with resilient systems and clear priorities so we can deliver our world-leading subsea technology to customers with speed and precision."

Mr. Reid, president and CEO of Kraken Robotics, said: "John has effected significant change to our software and IT/IS departments over the last year and will continue to modernize our information systems infrastructure, providing a strong and secure digital foundation to support Kraken's rapid growth. We are pleased to welcome John to our executive team."

Kraken also announced that its board of directors has approved the issuance of 1.8 million stock options to certain new employees, officers and directors. These options have a seven-year term, with vesting in four equal instalments on the annual anniversaries of the initial date of grant. The exercise price on the options is $8.50.

About Kraken Robotics Inc.

Kraken Robotics is transforming subsea intelligence through 3-D imaging sensors, power solutions and robotic systems. The company's products and services enable clients to overcome the challenges in the oceans -- safely, efficiently and sustainably.

Kraken's synthetic aperture sonar, subbottom imaging and lidar systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure and geology. The company's pressure-tolerant batteries deliver high-energy-density power for UUVs (unmanned underwater vehicles) and subsea energy storage.

Kraken is headquartered in Canada with offices in North America, South America and Europe, supporting clients in more than 30 countries worldwide.

On March 3, 2026, Kraken announced the acquisition of Covelya Group Ltd., a leading international provider of mission-critical underwater technology solutions operating through its subsidiary companies: Sonardyne International Ltd., EIVA AS, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc. and Chelsea Technologies Ltd. The acquisition is expected to close during the second quarter of 2026, subject to the satisfaction of customary conditions and regulatory approvals.

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