Leadership Transition and New Beginnings at Aquaneering

I hope this message finds you well. Today, I write to share news of significance that marks both an end and a new beginning for our company. After years of dedicated service and visionary leadership, Mark Francis has decided to retire from his position as President of Aquaneering Inc. Mark's contributions have been immeasurable, and his vision has been instrumental in shaping the company into the industry leader it is today. His commitment to excellence, innovation, and customer satisfaction has set a standard that will continue to inspire us.

As we bid farewell to Mark, it is with great pleasure that I introduce Sandeep Patel as our new leader. Sandeep brings a wealth of experience and a fresh perspective that will guide Aquaneering into its next chapter. With a proven track record in driving growth and innovation, Sandeep is well-equipped to lead our team as we continue to serve you with the same level of dedication and excellence you have come to expect from us.

In line with these changes, we are also announcing a significant transition in our organizational structure. Aquaneering Inc will now operate as Aquaneering LLC, or more informally, simply Aquaneering. This strategic shift is designed to enhance our operational efficiency, foster greater innovation, and better serve the needs of our customers and the industry at large. Please be assured that this transition will be seamless and will not affect our commitment to quality, service, or the partnerships we have built with you.

Our team, under Sandeep's leadership, is enthusiastic about the future and committed to continuing the legacy of excellence that Mark has established. We are excited about the opportunities this new era presents and are committed to making this transition as smooth and transparent as possible for all our stakeholders.

We understand that change brings questions, and we want to assure you that we are here to answer any you may have. Our priority remains to provide you with the highest quality service without interruption. Please do not hesitate to reach out to us with any queries or concerns.

Thank you for your continued trust and support. We look forward to embarking on this exciting journey together and to the achievements we will share in the future.

Warm regards,

Caitlin Coronel

VP of Communications

Aquaneering LLC