UUV Aquabotix Ltd | Sydney, Australia and Fall River, Massachusetts, USA ASX:UUV (shares) and ASX:UUVO (options)

Investor Presentation | 14 June 2017

BUSINESS OVERVIEW

UUV Aquabotix Ltd (“Aquabotix” or “the Company) is a six-year old

unique and established underwater robotics company.

Aquabotix listed on the ASX on 28 April 2017, and is now the only

standalone publicly-traded company in the underwater robotics /

underwater drone space in the world. The IPO closed early with the

maximum of A$7m raised (oversubscribed).

U.S. manufacturer of commercial-grade Unmanned Underwater

Vehicles (“UUVs” or “underwater drones”) and underwater cameras for

commercial and military applications.

Revenues of approximately US$820,000 / A$1,125,000 for the year

ended 31 December 2016, up 80% on prior year.

Approximately 350 vehicles shipped since drone sales commenced in

November 2011.

Four product lines with 10 product models currently being sold.

Current unit pricing range = US$1,500 (for AquaLens Connect) up to

US$150,000 (for a Hybrid with a high-degree of options added).

The underwater drone industry is where the aerial drone industry

was in the mid 2000s, with no dominant players, but Aquabotix is the

low-cost commercial grade underwater drones.

An addressable market of US$4.0 billion estimated by 2020.

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BUSINESS OVERVIEW (CONT’D)

Highly differentiated from the limited competition, producing a simple to use and inexpensive underwater drone

solution, remotely operated and controlled camera systems and one of only a few ARV (hybrid) products.

Backed by the U.S. institutional investor behind DroneShield (ASX:DRO) and by high profile marine technology

industry insiders

Founder is Durval Tavares, ex-Naval Undersea Warfare Center, Fidelity Investments (senior executive Product

Delivery) and MIKEL Undersea Warfare Systems

Board of Directors includes Ret. Admiral Jay Cohen, a former Chief Technology Officer of the US Navy and

Peter James, long-term iiNet Director, and current Chairman of nearmap, Macquarie Telecom, Dreamscape

Networks and Droneshield

Proprietary hardware backed by unique proprietary IP / software. Patent granted and further patents pending

Products are being sold currently – not just a concept

Substantial M&A in the sector, including:

General Dynamics acquired Bluefin Robotics, a manufacturer of large-bodied unmanned vehicles, in

February 2016

Boeing acquired Liquid Robotics, maker of a wave and solar-powered autonomous robot, in December

2016, reportedly for a consideration in the hundreds of millions of dollars

L3 Technologies acquired OceanServer Technology, a Massachusetts-based manufacturer of

autonomous unmanned undersea vehicles (UUVs), in April 2017

L3 Technologies acquired Open Water Power, a Massachusetts-based company that develops high-

density aluminium batteries for unmanned undersea vehicles, in May 20172

RECENT DEVELOPMENTS

Since the IPO Aquabotix has been executing its Business Plan, with progress made in the following areas:

1. Sales

Multiple sales, at a higher order value run-rate, including a sale of a highly customized

A$125k unit to the US Navy, won in a competitive tender process. This is a repeat sale to the

US Navy, providing further proof of the product capability and client satisfaction.

Company’s products now being available to U.S. Government buyers seamlessly, through

the GSA Schedule.

2. Product

Launched Live Remote Viewing technology, applicable to all Aquabotix products.

Announced the commencement of the development of a consumer underwater drone.

Endura Generation 3 now available with all brushless motors for increased responsiveness

and power.

3. Team - made a number of key hires, including:

Derek Daly, Chief Operating Officer; an unmanned systems, robotics and automation

specialist with over 30 years’ experience in the defence and commercial sectors. Previously

at Comark, QinetiQ and Northrop Grumman.

Jeff LaClaire, Vice President Global Sales; over 20 years sales and business development

experience specializing in drones and sports. Previously at Drone Sports Association/ESPN

Alliance, CBS Corp. and Atlanta Falcons.

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WHY UNDERWATER DRONES?

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There are three types of UUVs or underwater drones:

1. Remote Operated Vehicles (ROVs) (require an operator);

2. Autonomous Underwater Vehicles (AUVs) (no operator required); and

3. Hybrid Autonomous/Remote Vehicles (ARVs or Hybrids) (can be run by operator or autonomously).

The global unmanned underwater vehicle (UUV) market is expected to reach US$4.0 billion by 2020 according to Markets and Markets. This growth can be partly attributed to growing deep-water offshore oil and gas production, rising demand for maritime security and an increased need for ocean data and mapping.

The ROV market is expected to have a compound annual growth rate of 20.11%. The AUV market is expected to have a compound annual growth rate of 31.95%.

INDUSTRY VERTICALS

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Vertical Market Dynamics

Prior

Aquabotix

Sales

Customers Include

Defence• US DoD to invest as much as much as US$4.4bn in

UUVs to support unmanned mine countermeasure

vehicles US Navy & Canadian Navy

Law Enforcement & Public Safety• Use of underwater vehicles for search and rescue

• Inspections for contraband US Customs & Border Patrol, US Coast

Guard & New Rochelle Police Dept.

Marina & Boat Underwater Inspection• Inspections by UUVs save cost by reducing dry-docking

• Minimizes risk to human divers Hyannis Marina (Massachusetts) and

Vortex Marina (Italy).

Marine Inspection & Construction• Underwater vehicles used for pre-work inspections and

real-time support for workers California Department of Transportation

(CALTRANS

Potable Water Management• Safety gains and efficiency gains

• No need to drain tanks and reservoirs Pittsburgh Tank & Tower Group

Power Plant Management• UUVs equipped with sonar and light detection and

ranging (LIDAR) can be used to help discover anomalies ConEdison

Fish Farming and Aquaculture• Farmed fish have surpassed caught fish supplies

• New mega farms underway in Chile, Norway & Australia

• Can reduce number of divers required by 66% Various

Research and Marine Biology• UUVs can be equipped with a wide array of scientific

sensors, enabling them to monitor aquatic conditions Virginia Institute of Marine Science

Consumer / Retail• Lagging aerial drones by 5-7 years

• Yet to be properly opened up Various

Port Security• Thousands of ports and sea harbors globally

• Security and scanning in high-demand US Customs and Border Patrol and US

Coast Guard

Pipeline Inspection• Significant cost reductions sought by infrastructure

owners and operators BP, Con Edison, Corrosión y Protección

(Mexico) and Duke Energy

Undersea Mining• The next frontier for resource exploitation

• Autonomous surveys the first wave in this space - NA

COMPANY BACKGROUND

PRODUCTS

Endura: Engineered for a wide

range of underwater applications.

Five high torque motors allow

Endura similar maneuvering

underwater to that of a

helicopter.

1080p True HD Camera with

Pan and Tilt and high intensity

LED lighting (4400 Lumens).

Comes with a 100 meter depth

rating and four pounds of

payload, which can be upgraded

to 300 meter depth rating and

eight pounds of payload.

Can be configured and ready for

Retails for US$17,000 to

US$100,000.

Dimensions: 37 cm x 70 cm x 30

cm

Endura

The Hybrid ARV searches wide

areas using AUV mode and

conducts detailed inspections

using ROV Mode.

When running the vehicle in

autonomous operation, all

mission planning is completed in

an intuitive windows based

application.

5 High Torque motors capable of

transferring 8 pounds of payload

The standard model has a 100

meter depth rating, but can be

upgraded to reach 300 meters.

Comes with a 1080p True HD

quality 60 degree Pan and Tilt

Camera with 4X Zoom

capabilities.

Dimensions: 37 cm x 109 cm x

30 cm (W x L x H)

Hybrid

HydroView: Remote controlled

underwater vehicle that records

live video and captures still

photos in high definition.

Easy controls require no formal

training. HydroView can be

controlled by the on-screen

controls from an iPad, a laptop

keyboard, or with a video game

controller.

Three high torque motors allow

HydroView similar maneuvering

underwater to that of a plane.

HD Live Video feed is great for

boat and mooring inspections,

underwater explorations, as well

as for educational purposes.

Retails for US$5,900 to

US$9,000

Dimensions: 37 cm x 48 cm x 18

cm (W x L x H)

HydroView

AquaLens Connect captures high

quality 1080p HD color video and

still images at the click of a

button.

Transfers live feed video to the

surface on the user’s iPhone,

iPad, or Laptop computer

through Wi-Fi or Ethernet

connection.

Can be used individually, or as a

network of underwater cameras

(network size up to 32 cameras),

viewed on one screen through

the Aquabotix proprietary

operating system.

Camera includes a pan and tilt of

120 degrees with a 8X digital

zoom.

Retails for US$1,495 plus

accessories

Dimensions: 13 cm Camera

Sphere

AquaLens

Connect

Underwater technologies typically lag land and aerial technologies by six to ten years.

There have been huge strides in the unmanned land and aerial vehicle (drone) industries but the underwater robotics industry has lagged.

Unmanned aerial vehicle (drone) global market has increased from US$2.9 Billion in 2005 to US$7 Billion by 2015 at a CAGR of 9.2%, and is projected

to increase to US$21.23 Billion by 2022 according to MarketsandMarkets. The market leader in the low cost aerial drones space, DJI, had US$1 billion in

sales in 2015.

Unmanned Underwater Vehicle (drone) market is projected to grow to US$4.0 billion by 2020.

Similar applications to drones on land are needed underwater, such as: defence, law enforcement and public safety, marina and boat underwater

inspection, marine inspection and construction, port security, pipeline inspection, potable water management, power plant management, fish farming

and aquaculture, research and marine biology, undersea mining, and the consumer space.

Aquabotix is one of the limited number of manufacturers of cost-effective commercial-grade UUVs, and the only manufacturer of Hybrid UUVs

available to consumers, governments and real asset owners.

Defence:

– The world’s militaries currently use the most AUVs; commercial applications are forecasted to represent 9% of the AUV market by 2018.

– Used for: underwater mine search, intelligence collection, surveillance, and reconnaissance.

– Over 90% of the world’s goods are transported by sea. Naval mines that block access to harbors can damage economies and pose danger to

commercial and military vessels.

– Over 400,000 naval mines in the hands of U.S. adversaries, left over from prior wars and staying active for years after the conflict has ended.

Neutralizing cheap naval mines is difficult, dangerous, and expensive.

– Over 500 ships have been lost in mine-related accidents following World War II. Removing a single naval mine can cost 100 to 200 times more

than its manufacturing and deployment costs.

– UUVs hold the potential to scour the sea for hostile submarines and warships.

– The U.S. Navy is investing 22% of its science and technology dollars on the underwater domain and recently announced that it would invest

up to US$1.43 billion to support unmanned mine countermeasure vehicles.

MARKET DYNAMICS

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Law Enforcement & Public Safety:

– Example: on October 1, 2015, cargo ship El Faro sank during a hurricane off the coast of the Bahamas. A towed Remotely Operated Vehicle (ROV)

with a video camera was used to identify the vessel.

– Example: Indiana conservation officers use remotely operated vehicles (ROVs) to search for possible missing persons and drown victims in an

effort to reduce search time significantly.

Marina & Boat Underwater Inspection:

– UUVs offer a fast and effective way to perform dock and boat inspections, minimizing labor cost.

– UUVs have the added benefit of being small enough to fit into tight spaces inaccessible to human divers.

Marine Inspection and Construction:

– Used for maintenance and repair.

– Proposed renewable energy projects such as the European Supergrid, could require a network of marine cables stretching thousands of kilometers of

undersea cables. 99% of all global communications occurs via marine cabling.

– Underwater cabling systems are required to deliver offshore power to the mainland. Routine inspections of these cables are critical to ensure they are

seated properly to mitigate risks such as the entangling of fishing nets, causing boats to sink.

Port Security:

– In the post-9/11 era, the security of sea and river ports became an issue of great and pressing public concern. There are 360 commercial sea and

river ports in the United States alone, and those ports handle approximately one-fifth of the global maritime trade. These ports handle more than

70,000 large ships (and an innumerable plethora of smaller craft) annually, carrying more than two billion tons of cargo in and out of the United

States. Securing and ensuring the safety of that much traffic is a job of substantial magnitude.

– ROVs like Aquabotix’s Endura 100 SLE ROV can be equipped with 360-degree scanning sonar, allowing the ROV to see things where a human

diver would be helpless. In addition, ROVs can engage in much longer dives than humans. This allows exhaustive search scenarios that would be

extremely expensive if human divers were deployed.

MARKET DYNAMICS (CONTINUED)

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Pipeline Inspection:

– Industrial UUVs can use manipulators to cut and lay pipe, make and break hydraulic connections, lay and retrieve cable, lubricate underwater

machinery, carry heavy tools for human divers, conduct trenching operations, and operate machinery like valves and levers.

Potable Water Management:

– For both giant municipal potable water supply facilities and small private tanks like facility storage tanks – UUVs offer a number of advantages over

other methods: tanks don’t need to be drained, no risk to human divers or the water system, low barrier to entry, built in data gather, and increased

frequency of monitoring.

Power Plant Management:

– At hydroelectric facilities and dams - a cost-effective alternative to dewatering to perform inspection and/or maintenance work, as well as needed

repairs

– UUVs equipped with sonar and LIDAR can be used to help discover anomalies that may warrant further inspection. Instead of relying on calendar-

based maintenance, owners of dams and hydro plants can use UUV inspections to identify if and where maintenance and repair work is required, thus

saving the company money by avoiding unneeded work.

Fish Farming and Aquaculture:

– Aquaculture and fisheries are a major source of the world’s protein production, and aquaculture production is growing at tremendous rates.

– Aquaculture facilities require careful monitoring on a number of important parameters. The environment needs to be monitored for water quality,

temperature, current, etc. The operators need to inspect hardware such as nets and cages to count fish and check nutrient levels. This is often done

by human labor, which is fine if the facility is on shore, but impractical when it’s far offshore. Underwater cameras and UUVs are a very efficient

option.

Research and Marine Biology:

– UUVs can be equipped with a very wide array of top-quality scientific sensors, enabling them to monitor aquatic conditions just as well as sensor buoys

or shore stations.

MARKET DYNAMICS (CONTINUED)

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Undersea Mining:

– In 2012, the European Commission estimated that global annual turnover from seabed mining could grow to €10 billion by 2030. Concerns

about supply security and technological advances that enable seabed mining should drive this growth.

– In 2013, British Prime Minister Cameron outlined a vision to make the United Kingdom the leader in seabed mining, stating that seabed mining

could contribute £40 billion to the British economy through 2030.

– The European Commission forecasted that 5% of the world’s minerals, including cobalt, copper and zinc, could come from the ocean floors by 2020

with this share rising to 10% by 2030.

– There are now 1.2 million square kilometers of ocean floor under 26 mining permits for prospecting.

– UUVs are expected to be the dominant mover in seabed mining.

Consumer:

– The consumer market for UUVs and industrial-strength underwater cameras has not yet been tapped in any meaningful way. Uses include fishermen

(searching for fish), treasure hunters (the United Nations estimated that over 3 million wrecks are sitting at the bottom of the ocean), recreational and

other.

MARKET DYNAMICS (CONTINUED)

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INDUSTRY USES

1 2

INDUSTRY USES (CONTINUED)

1 3

Defence

Navy Seeking Unmanned Underwater

Advances To Field Today, To inform

Next Generation Sub Design in 2020s

(Persian Gulf, October 2016)

Intelligence experts approach industry for

UUV (Unmanned Underwater Vehicle)

networks for covert surveillance of

shipping (Washington, June 2016)

DOD plants to invest $600m in

unmanned underwater vehicles

(California, February 2016)

Russian Navy developing unmanned

‘drone’ boats (Russia, January 2016)

Development of UUV (Unmanned

Underwater Vehicle) Mine Hunters

Challenges U.S. Navy (United States,

April 2015)

Law Enforcement & Public Safety

Indiana Officers use drones to aid in

underwater searches (Indiana, October

2016)

EgyptAir plane crash investigators use

underwater ‘submarine drone’ as they

hunt missing black boxes (Mediterranean

Sea, May 2016)

The Innovators: the swarm of sea drones

sniffing out drugs and mines

(Massachusetts, January 2016)

Sea Drone locates missing cargo ship

(The Bahamas, October 2015)

Marina & Boat Underwater Inspection

Shell uses ROV system for underwater

inspections (North Sea, November 2016)

The Importance of Hull Inspections for

Large Ships & the Use of ROVs (August

2016)

In-water bottom surveys by means of

remotely operated underwater vehicle

(ROV) (Norway, November 2015)

Shipyard uses drones to inspect cargo

tank interior (Poland, September 2015)

INDUSTRY USES (CONTINUED)

1 4

Marine Inspection and Construction

Local Firm Aids Wind Farm Setup

(United States, August 2016)

Venezuela uses a ROV to inspect Guri

Reservoir infrastructure amidst water

level decline (Venezuela, September

2015)

Using an ROV to Repair a Leaking Surge

Shaft (Bhutan, October 2014)

Remote Surveillance of dams (Toronto,

April 2014)

Port Security

Rotterdam Port Tests In-Water Drones

(Netherlands, September 2016)

ROVs and Port Security (United States,

March 2016)

Port Security to Use Underwater Robots

to Monitor Ships, Cargo (United States,

December 2014)

Underwater robot may become

smuggler’s worst enemy (Massachusetts,

September 2014)

Pipeline Inspection

Drones Carry out Underwater robotic

inspection for oil and gas industry (India,

October 2016)

Parts of pipelines under Mackinac Straits

not properly supported – Inspection of

the twin pipelines using ROV (Remotely

Operated Vehicle) and an AUV

(Autonomous Underwater Vehicle) (Lake

Michigan, August 2016)

Getting to the bottom of subsea repairs –

Older pipelines need more attention, and

operators need a repair strategy (United

States, March 2016)

INDUSTRY USES (CONTINUED)

1 5

Potable Water Management

Drone optimises potable water tank

inspections with new remotely operated

vehicle (ROV) service (United States,

May 2016)

Italian Underwater Robot Breaks New

Ground in Water Monitoring (Italy, April

2016)

Five Advantages of ROVs for Tank

Inspections (United States, February

2016)

Power Plant Management

AES Looks to Drones and Robots for

Inspecting Power Plants in Extreme Heat

(United States, November 2016)

Mini-ROVs: The Coal-Fired and Nuclear

Power Plant Inspection Solution (United

States, June 2016)

Leveraging Drones and Robots for Power

Plant Operations and Maintenance

Savings (United States April, 2016)

Researchers develop drone technology

for power plant inspection (University of

Georgia, November 2015)

Fish Farming & Aquaculture

Stationary Mounted Cameras in

Aquaculture and Fisheries Monitoring

(United States, November 2016)

Drones helping to count crabs (United

Kingdom, October 2016)

Underwater Drones improving Shellfish

aquaculture (Canada, July 2016)

Canadian Fish Farm Describes Use of

Underwater Drone (Canada, May 2016)

Upgraded ROV for aquaculture (United

States, February 2016)

INDUSTRY USES (CONTINUED)

1 6

Undersea Mining

Mass-produced underwater vehicles –

Autonomous underwater vehicles are

essential to tasks such as exploring the

seabed in search of oil or minerals

(Virginia, February 2016)

These giant robots will mine the ocean

floor for gold, silver, and copper (Papa

New Guinea, December 2015)

Deep Sea Mining: AUV to help unlock

hidden resources (United Kingdom,

January 2015)

Consumer

What Drones Did for the Sky, Robot

Subs Are About to Do for the Sea (United

States, September 2016)

Affordable drones are the new wave of

underwater exploration (United States,

June 2016)

New Mini Inspection Class ROV: The

Endura (United States, May 2016)

Small UUVs Make a Splash – The

Underwater Domain is Catching a Wave

of New Platforms (United States,

February 2016)

Research & Marine Biology

New Underwater Drones Make Waves

For “Citizen Scientists” (Indian Ocean,

November, 2016)

Performing Aquatic Monitoring – utilize

ROVs as the data collection platforms

(United States, August 2016)

Aquatic Robots Help Scientists

Understand Monsoons (United Kingdom,

June 2016)

Drones from Hawaii could help save

$1.27 billion in marine damage

costs(Hawaii, December 2015)

BIOGRAPHIES | BOARD AND MANAGEMENT

1 7

Peter James, Non-Executive Chairman

Mr. James has over 30 years’ experience in the Technology, Telecommunications and Media Industries, and has extensive

experience as Chair, Non-Executive Director and Chief Executive Officer across a range of publicly listed and private

companies. He is currently Chair of ASX-listed companies Macquarie Telecom Ltd, nearmap Ltd, Dreamscape Networks

Ltd and DroneShield Ltd.

Mr. James has recently completed 12 years as a Non-Executive Director for ASX-listed iiNet, Australia’s second largest DSL

Internet Services Provider, chairing iiNet’s Strategy and Innovation Committee. iiNet was recently acquired by TPG Telecom for

A$1.56B.

He is a successful investor in a number of technology businesses in Australia and the US.

Mr. James is an experienced business leader with significant strategic and operational expertise. He is a Fellow of the Australian

Institute of Company Directors, a Member of the Australian Computer Society and holds a BA Degree with Majors in Computer

Science and Business.

Hon. Jay M. Cohen, Rear Admiral, United States Navy (Ret.), Non- Executive Director

Admiral Jay M. Cohen is a former Chief of Naval Research (United States Navy) and has served as the Department of the

Navy Chief Technology Officer.

Admiral Cohen is a graduate of the United States Naval Academy. He holds a joint Ocean Engineering degree from Massachusetts

Institute of Technology (MIT) and Woods Hole Oceanographic Institution and Master of Science in Marine Engineering and Naval

Architecture from MIT. Earlier in his career, he commanded USS Hyman G. Rickover and served on the U.S. Atlantic Fleet before

commanding the submarine tender USS L.Y. Spear including a deployment to the Persian Gulf in support of Operation Desert

Storm.

Admiral Cohen was promoted to the rank of Rear Admiral in 1997 and reported to the Joint Staff as Deputy Director for Operations

responsible to the President and Department of Defense leaders for strategic weapons release authority. In June 2000, he became

the 20th Chief of Naval Research. He served during war as the Department of the Navy Chief Technology Officer, responsible for

the $2B+/year Navy and Marine Corps Science and Technology (S&T) Program. Unanimously confirmed by the US Senate, he was

sworn in as Under Secretary for Science & Technology at the Department of Homeland Security in 2006. Since leaving government,

Admiral Cohen serves on corporate boards and is an independent consultant for science and technology in support of U.S. and

international defence, homeland security and energy issues and solutions.

BIOGRAPHIES | BOARD AND MANAGEMENT (CONTINUED)

1 8

Durval Tavares, Chief Executive Officer and Managing Director

Brendan Martin, Chief Financial Officer and Director

Mr. Martin brings extensive experience in the Australian financial and industrials sectors across the Australian market.

Most recently Mr. Martin was General Manager Strategy & Investments at Broadspectrum Ltd, which was acquired by Ferrovial

Servicios in May 2016 for an enterprise value of A$1.3 billion. Prior to Broadspectrum, Mr. Martin ran Bergen Capital’s Australian

office, and held banking and advisory roles with Investec Bank and Citi. Mr. Martin began his career with PricewaterhouseCoopers

in the insolvency and valuations practices.

Mr. Martin holds a Bachelor of Commerce from the University of Sydney, is a Chartered Accountant with the Institute of Chartered

Accountants in Australia, and holds a Graduate Diploma in Applied Finance from FINSIA/Kaplan.

Mr. Tavares is CEO of Aquabotix, which he co-founded in 2011, and has served in that capacity since its inception.

Mr. Tavares has over 30 years of successful business and entrepreneurial leadership experience in technology, defence and

finance organizations in both the private and public sectors.

Mr. Tavares has logged over 20 years working with underwater technology, including AUV, ROV, submarine and torpedo systems

development for advanced defence projects and private contractors. His work at the Naval Underwater Warfare Center on

submarine technology included several patents in his name.

While at Fidelity Investments for 10 years, Mr. Tavares was a senior executive responsible for leading new product development for

the financial services giant.

Mr. Tavares earned his BSEE in Electrical Engineering from the University of Massachusetts, graduating first in his class. He has

made frequent presentations to technical and motivational forums and is active in mentoring programs.

BIOGRAPHIES | BOARD AND MANAGEMENT (CONTINUED)

1 9

Derek Daly, Chief Operating Officer

Mr. Daly brings substantial engineering, manufacturing and defence contracting experience to the team.

Mr. Daly is an unmanned systems, robotics and automation specialist with over 30 years’ experience in the defence and

commercial sectors. Most recently Mr. Daly was President and COO at Comark LLC, a defence facing ruggedized industrial

computer manufacturer. Previously, he served as Vice President (Land Systems) at QinetiQ North America, a division of

QinetiQ Group Plc (LSE:QQ.) (“QinetiQ”) and Group Director Unmanned Systems at Foster-Miller, which was acquired by

QinetiQ. QinetiQ is a London Stock Exchange-listed science and engineering company with a primary focus on defence and

security and an approximately A$2.7 billion market capitalization. Mr. Daly’s responsibilities at the approximately US$100

million Land Systems division included multi-site responsibility for a staff of approximately 60 engineers, sales, business

development and program management personnel. Mr, Daly spent his early career at Northrop Grumman Corp. and American

Semiconductor.

Mr. Daly received a Bachelor of Mechanical Engineering Technology, magna cum laude, from Northeastern University, Boston.

RECENT PRESS CLIPPINGS

2 0

Bloomberg Government – January 23 2017

Aquabotix mentioned as a commercial producer of

UUVs in relation to new delivery methods being

considered. The U.S. plans to invest US$600 million

over five years in variable size and payload UUVs.

Zimbio – 2 December 2016

Aquabotix Director Jay Cohen, a retired Rear Admiral

of the U.S. Navy, meets with President Elect-Donald

Trump and his transition team in New York City.

Motley Fool – May 2017

Popular Australian retail investor website places

UUV on the “hot IPO” and “exciting small-cap

share” lists.

Financial Review – March & April 2017

Various pre-IPO and IPO related articles.

CAPITAL STRUCTURE

2 1

ShareholdersShares

(ASX:UUV)

Listed Options

(ASX:UUVO)

Performance Shares and

Unlisted Options

Shareholders 135,000,001 35,000,000 45,000,000

Options issued to Directors, Management

and Advisory Board, and Lead Manager- - 21,400,000

Total 135,000,001 35,000,000 66,400,000

UUV Aquabotix Ltd raised A$7 million on the ASX in April 2017, in an oversubscribed offer, through the issue of

35 million shares at A$0.20 per share:

Enterprise Value

UUV shares1 A$0.14 / share A$18.9m

UUVO options1 A$0.03 / option A$1.1m

Cash As at 2 June 2017 (A$6.0m)

Debt As at 2 June 2017 nil

Enterprise

ValueExcluding unlisted options A$14.0m

Notes:1 As at 9 June 2017

Aquabotix’s Endura in action

IMPORTANT CAUTIONARY NOTE

2 2

The information contained in this document is for information purposes only and does not constitute financial product

advice, legal advice, an offer to sell, or a solicitation of an offer to purchase, any securities. This document contains

"forward-looking statements”. Forward-looking statements include information concerning growth, pricing, future

strategic objectives, business prospects, industry or market conditions, demand for and pricing of our products,

regulatory developments and general economic conditions. In addition, words such as “believes,” “expects,”

“anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,”

“could,” “should,” and “would,” as well as all other statements that necessarily depend on future events, are intended to

identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks,

uncertainties and assumptions. Although UUV Aquabotix Ltd (“UUV”) make such statements based on assumptions that

it believes to be reasonable, there can be no assurance that actual results will not differ materially from those expressed

in the forward-looking statements. UUV cautions investors not to rely unduly on any forward-looking statements and

expressly disclaims any obligation to update any forward-looking statement in the event it later turns out to be

inaccurate, whether as a result of new information, future events or otherwise. Particular uncertainties that could cause

UUV’s forward-looking statements to be materially different from what transpires in the future include: patent approval

(or a lack thereof), pricing of product, customer acquisition, team expansion, ability to compete, changes in law,

economic and financial conditions, availability and cost of funding, the impact of regulation and regulatory, investigative

and legal proceedings and legal compliance risks, press coverage, and other factors. This document is subject to

modification and amendment from time to time. The delivery of this document shall not, under any circumstances,

create any implication that there has been no change in the affairs of UUV since the date hereof, or that the information

herein is correct as of any date subsequent to the date hereof. To the full extent permitted by law, none of UUV's,

Aquabotix Technology Corporation’s or any of their respective shareholders or members, or any shareholders,

members, partners, directors, managers, officers, employees, advisers, counsel, agents or other affiliates of UUV,

Aquabotix Technology Corporation or any of their respective shareholders or members, or any party involved in creating,

producing, or delivering this document, shall be liable for any direct, incidental, consequential, indirect, punitive or other

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