On April 9, 2024, the board of directors of TMC the metals company Inc. (the Company), upon the recommendation of the Nominating and Corporate Governance Committee of the Board, increased the size of the Board to nine (9) directors (the Board Increase), and appointed Steve Jurvetson as a director and Vice Chair of the Board, effective April 9, 2024, to fill the vacancy on the Board created by the Board Increase. He will serve as a director until the Company?s 2024 Annual Meeting of Shareholders (the 2024 Annual Meeting) or until his earlier death, resignation or removal and is expected to be up for re-election as a director at the 2024 Annual Meeting. Mr. Jurvetson, age 57,is a co-founder of Future Ventures, a venture capital firm formed in 2018, and previously was a Managing Director of Draper Fisher Jurvetson, a venture capital firm, from 1995 to 2017.

Mr. Jurvetson sits on the SpaceX Board of Directors and was a member of the Board of Director of Tesla from 2006 to 2020. Before co-founding Future Ventures and Draper Fisher Jurvetson, he was a Research and Development Engineer at Hewlett-Packard and he previously worked in product marketing at Apple and NeXT and management consulting with Bain & Company. Mr. Jurvetson holds B.S. and M.S. degrees in electrical engineering from Stanford University and an M.B.A. from the Stanford Business School.

For over 25 years, Mr. Jurvetson has been known for his early-stage venture investments in some of the world?s most impactful technology companies. As Co-founder and Managing Director of Draper Fisher Jurvetson, he led the VC firm?s founding investments in several companies that had successful IPOs (Tesla, Planet Labs, D-Wave) and others that were acquired (e.g., Skype, Nervana, Hotmail), representing $800 billion of aggregate value creation. In 2018, Mr. Jurvetson co-founded Future Ventures to focus on trailblazing, purpose-driven entrepreneurs with unique ideas that have the potential to reinvent entire industries?from nuclear fusion and space exploration to sustainable energy and AI.

As a former long-standing board member of Tesla and a current board member of SpaceX, Mr. Jurvetson brings a wealth of experience in helping companies navigate through high-uncertainty industry startup phase and transition to global scale and industry leadership. At TMC, he will help guide the company through its next phase of growth as it seeks to harness the potential of deep-sea polymetallic nodules for the energy transition and wider global development.