<SEC-DOCUMENT>0001171843-21-002219.txt : 20210401
<SEC-HEADER>0001171843-21-002219.hdr.sgml : 20210401
<ACCEPTANCE-DATETIME>20210331215806
ACCESSION NUMBER:		0001171843-21-002219
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20210330
FILED AS OF DATE:		20210401
DATE AS OF CHANGE:		20210331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TENARIS SA
		CENTRAL INDEX KEY:			0001190723
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31518
		FILM NUMBER:		21795829

	BUSINESS ADDRESS:	
		STREET 1:		26, BOULEVARD ROYAL, 4TH FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2449
		BUSINESS PHONE:		1-888-300-5432

	MAIL ADDRESS:	
		STREET 1:		26, BOULEVARD ROYAL, 4TH FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2449
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_033021.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>FORM 6 - K</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Washington, D.C. 20549</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Report of Foreign Private Issuer</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Pursuant to Rule 13a - 16 or 15d - 16 of</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>the Securities Exchange Act of 1934</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>As of 30 March, 2021</B></FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>TENARIS, S.A.</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Translation of Registrant's name into English)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">26, Boulevard Royal, 4th floor</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">L-2449 Luxembourg</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Address of principal executive offices)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 21.3pt; margin: 0pt 2.45pt 0pt 0">Indicate by check mark whether the
registrant files or will file annual reports under cover Form 20-F or 40-F.</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Form 20-F <FONT STYLE="font-family: Symbol">_<U>&Ouml;</U>_</FONT>
Form 40-F ___</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 21.3pt; margin: 0pt 0">Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12G3-2(b) under
the Securities Exchange Act of 1934.</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">Yes ___ No <FONT STYLE="font-family: Symbol">_<U>&Ouml;</U></FONT>_</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 21.3pt; margin: 0pt 0">If &ldquo;Yes&rdquo; is marked, indicate below
the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-___.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 21.3pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 21.3pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 21.3pt"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 21.3pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 21.3pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin-top: 0pt; margin-bottom: 0pt">The attached material is being furnished to the Securities
and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934, as amended. This report
contains Tenaris&rsquo;s Notice of the Annual General Meeting of Shareholders to be held on 3<SUP>rd</SUP> May 2021 and the Shareholder
Meeting Brochure and Proxy Statement.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 12pt">SIGNATURE</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">Date: 30 March, 2021</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 2.5in"><FONT STYLE="font-size: 12pt">Tenaris, S.A.</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">By: /s/ Cecilia Bilesio</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">Cecilia Bilesio</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 12pt">Corporate Secretary</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 190.7pt 0pt 190.25pt"><b>Tenaris S.A.</b></p>

<p style="margin: 0pt 153.5pt 0pt 153.15pt; font-size: 10pt; text-align: center">Soci&eacute;t&eacute; Anonyme</p>

<p style="margin: 0pt 153.7pt 0pt 153.15pt; font-size: 10pt; text-align: center">26, Boulevard Royal, 4th Floor,</p>

<p style="margin: 0pt 153.7pt 0pt 153.15pt; font-size: 10pt; text-align: center">L-2449 Luxembourg</p>

<p style="margin: 0pt 153.5pt 0pt 153.15pt; font-size: 10pt; text-align: center">RCS Luxembourg B 85 203</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>NOTICE OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
TO BE HELD ON 3rd MAY 2021</b></p>

<p style="margin: 0pt 0; font-size: 10pt"><b>&nbsp;</b></p>

<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">Notice is hereby given to holders of ordinary shares
of Tenaris S.A. (the &ldquo;<u>Company</u>&rdquo;) that the Annual General Meeting of Shareholders of the Company will be held
on 3<sup>rd</sup> May 2021, at 15:30 (Central European time) (the &ldquo;<u>Meeting</u>&rdquo;).</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="text-align: justify; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">At the Meeting, shareholders will vote on the items listed below under
the heading &ldquo;Agenda for the Annual General Meeting of Shareholders.&rdquo;</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="text-align: left; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; color: #009900"><b>Agenda for the Annual General Meeting of Shareholders</b></p>

<p style="margin: 0pt 0; font-size: 10pt"><b>&nbsp;</b></p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 24.5pt"></td><td style="width: 26.65pt">1.</td><td style="text-align: justify; padding-right: 24.85pt">Consideration of the consolidated management report and related management
certifications on the Company&rsquo;s consolidated financial statements as of and for the year ended 31<sup>st</sup> December 2020,
and on the annual accounts as at 31<sup>st</sup> December 2020, and of the external auditors&rsquo; reports on such consolidated
financial statements and annual accounts.</td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 24.5pt"></td><td style="width: 26.65pt">2.</td><td style="text-align: justify; padding-right: 25.15pt">Approval of the Company&rsquo;s consolidated financial statements as of
and for the year ended 31<sup>st</sup> December 2020.</td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 24.45pt"></td><td style="width: 26.7pt">3.</td><td style="text-align: left">Approval of the Company&rsquo;s annual accounts as at 31<sup>st</sup> December 2020.</td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 24.5pt"></td><td style="width: 26.65pt">4.</td><td style="text-align: justify; padding-right: 24.9pt">Allocation of results and approval of dividend payment for the year ended
31<sup>st</sup> December 2020.</td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 24.5pt"></td><td style="width: 26.65pt">5.</td><td style="text-align: justify; padding-right: 24.95pt">Discharge of the members of the Board of Directors for the exercise of
their mandate throughout the year ended 31<sup>st</sup> December 2020.</td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 24.45pt"></td><td style="width: 26.7pt">6.</td><td style="text-align: left">Election of the members of the Board of Directors.</td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 24.5pt"></td><td style="width: 26.65pt">7.</td><td style="text-align: justify; padding-right: 24.9pt">Approval of the compensation payable to the members of the Board of Directors
for the year ending 31<sup>st</sup> December 2021.</td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 24.45pt"></td><td style="width: 26.7pt">8.</td><td style="text-align: left">Approval of the Company&rsquo;s compensation report for the year ended 31<sup>st</sup> December 2020.</td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 24.5pt"></td><td style="width: 26.65pt">9.</td><td style="text-align: justify; padding-right: 24.9pt">Appointment of the external auditors for the fiscal year ending 31<sup>st</sup>
December 2021, and approval of their fees.</td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 24.5pt"></td><td style="width: 26.65pt">10.</td><td style="text-align: justify; padding-right: 24.85pt">Authorization to the Board of Directors to cause the distribution of all
shareholder communications, including its shareholder meeting and proxy materials and annual reports to shareholders, by such electronic
means as is permitted by any applicable laws or regulations.</td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="text-align: left; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">Resolutions at the Meeting will be passed by the simple majority of the
votes validly cast, irrespective of the number of shares present or represented.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="text-align: left; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; color: #009900"><b>Holders of Shares: procedures for voting at the Meeting</b></p>

<p style="margin: 0pt 0; font-size: 10pt"><b>&nbsp;</b></p>

<p style="text-align: justify; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">Due to the COVID-19 pandemic, the disease
caused by the SARS-CoV-2 virus, on 18<sup>th</sup> March 2020, the Luxembourg government declared a state of emergency for a
period of three months and enacted, by way of decree, a number of temporary measures on the holding of meetings in companies
and other legal entities. Among other measures, companies have been allowed, notwithstanding any provision to the contrary in
their articles of association and regardless of the expected number of participants, to hold general meetings of shareholders
without a physical meeting and have also been allowed to require shareholders (or other participants in the meeting), subject
to certain conditions, to exercise rights exclusively through a proxy holder designated by the company. Subsequently, a
series of laws, including the most recent Law of 25<sup>th</sup> November 2020, extended the application of such measures
until 30<sup>th</sup> June 2021.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0; font-size: 10pt"></p>

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<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0; text-align: justify; font-size: 10pt">In accordance with applicable laws and regulation, for safety reasons, the Company
has resolved that shareholders may not attend the Meeting in person and shall, instead, exercise their rights in connection with
the Meeting in the manner described in this Notice.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; font-weight: bold; text-align: justify">In accordance with the Luxembourg
Law of 24<sup>th</sup> May 2011 (as amended by the Luxemburg Law of 1<sup>st</sup> August 2019) on the exercise of certain rights
of shareholders in general meetings of listed companies (the &ldquo;<u>Shareholders&rsquo; Rights Law</u>&rdquo;), the right to
vote at the Meeting is restricted to those shareholders who are holders of shares of the Company on 19<sup>th</sup> April 2021
at 24:00 (midnight), Central European Time (the &ldquo;<u>Shareholders&rsquo; Record Time</u>&rdquo;).</p>

<p style="margin: 0pt 0; font-size: 10pt"><b>&nbsp;</b></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">Shareholders will be entitled to exercise their
rights in connection with the Meeting exclusively through a proxy holder designated by the Company. No shareholder may attend the
Meeting in person. A shareholder will be entitled to vote by proxy at the Meeting in respect of those shares of the Company which
such shareholder duly evidences to hold at the Shareholders&rsquo; Record Time. Any changes to a shareholder&rsquo;s holding of
shares after the Shareholders&rsquo; Record Time shall be disregarded for purposes of determining the right of such shareholder
to vote by proxy at the Meeting.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0; text-align: justify; font-size: 10pt">If you are a holder of shares of the Company on the Shareholders&rsquo; Record Time
and you wish to vote by proxy at the Meeting, you must complete and return to the Company the AGMS Proxy Form, appointing a
proxy holder designated by the Company and providing voting instructions in connection with the Meeting. The AGMS Proxy Form
must be received by the Company <b>ON OR BEFORE 19<sup>th</sup> APRIL 2021 AT 24:00 (MIDNIGHT), CENTRAL EUROPEAN TIME (i.e.
THE SHAREHOLDERS&rsquo; RECORD TIME)</b>. <b>Please note that in the event that the Company does not receive the AGMS Proxy
Form, properly completed and signed, by the date indicated above, you will not be able to vote at the Meeting</b><font style="font-weight: normal">.</font></p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0; text-align: justify; font-size: 10pt">Any shareholder wishing to vote at the Meeting is required to provide reasonably
satisfactory evidence to the Company (prior to the Meeting) as to the number of shares of the Company held by such shareholder
on the Shareholders&rsquo; Record Time. Such evidence of shareholding must be provided by means of a certificate issued by the
relevant shareholder&rsquo;s bank or stockbroker, which must include at least shareholder&rsquo;s name, shareholder&rsquo;s registered
office/address, shareholder status, number of shares held by the shareholder on the Shareholders&rsquo; Record Time, the stock
exchange on which the shareholder&rsquo;s shares trade and signature of the relevant shareholder&rsquo;s bank or stockbroker (the
&ldquo;Certificate of Shareholding&rdquo;). The Certificate of Shareholding must be delivered to the Company as soon as possible
and in any event must be received by the Company <b>ON OR BEFORE 26<sup>th</sup> APRIL 2021 AT 24:00 (MIDNIGHT), CENTRAL EUROPEAN
TIME</b>.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><b><i>In compliance with the Shareholders&rsquo; Rights Law and other
applicable laws and regulations, this convening notice (which contains the agenda for the Meeting and the procedures for voting
at the Meeting), the total number of shares of the Company and voting rights as of the date of this notice, the Shareholder Meeting
Brochure and Proxy Statement (which contains reports on each item of the agenda for the Meeting and draft resolutions proposed
to be adopted at the Meeting), the Company&rsquo;s 2020 annual report (which contains the Company&rsquo;s consolidated financial
statements as of and for the year ended 31<sup>st</sup> December 2020, and the Company&rsquo;s annual accounts as at 31<sup>st
</sup>December 2020, together with the external auditors&rsquo; reports and the consolidated management report and certifications),
the 2020 Compensation Report, the AGMS Proxy Form and the model Certificate of Shareholding, required to be submitted to the Company
for purposes of voting at the Meeting, are available to shareholders as of the date of this notice, and may be obtained free of
charge from the Company&rsquo;s website at ir.tenaris.com/corporate-governance/annual-general-meeting or at the Company&rsquo;s
registered office in Luxembourg. In addition, shareholders registered in the Company&rsquo;s registry can obtain electronic copies
of these documents free of charge by sending an electronic message to the following electronic address: investors@tenaris.com.</i></b></p>

<p style="margin: 0pt 0; font-size: 10pt"><b><i>&nbsp;</i></b></p>

<p style="margin: 0pt 0; font-size: 10pt"><b><i>&nbsp;</i></b></p>

<p style="margin: 0pt 0; font-size: 10pt"><b><i></i></b></p>

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<p style="margin: 0pt 0; font-size: 10pt"><b><i>&nbsp;</i></b></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">The AGMS Proxy Form and the Certificate of Shareholding
must be received by the Company, properly completed and signed, by the dates indicated above, at any of the following postal addresses,
or by electronic message to the following electronic address: investors@tenaris.com.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0 0pt 71.05pt; font-size: 10pt"><u>Luxembourg</u>:</p>

<p style="margin: 0pt 237.45pt 0pt 71.05pt; font-size: 10pt">26, Boulevard Royal, 4th Floor, L-2449 Luxembourg</p>

<p style="margin: 0pt 0 0pt 71.05pt; font-size: 10pt">Attn: Ad&eacute;lia Soares</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0 0pt 71.05pt; font-size: 10pt"><u>Italy</u>:</p>

<p style="margin: 0pt 0 0pt 71.05pt; font-size: 10pt">c/o Dalmine S.p.A.</p>

<p style="margin: 0pt 207.05pt 0pt 71.05pt; font-size: 10pt">Piazza Caduti 6 luglio 1944 n. 1 24044 Dalmine (BG)</p>

<p style="margin: 0pt 0 0pt 71.05pt; font-size: 10pt">Attn: Marco Maria Domenico Tajana and/or Francesco Giuseppe Bettiol</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0 0pt 71.05pt; font-size: 10pt"><u>Mexico</u>:</p>

<p style="margin: 0pt 207.05pt 0pt 71.05pt; font-size: 10pt">c/o Tubos de Acero de M&eacute;xico, S.A. Campos El&iacute;seos 400-Piso
17</p>

<p style="margin: 0pt 260.6pt 0pt 71.05pt; font-size: 10pt">Col. Chapultepec Polanco 11560 Ciudad de M&eacute;xico</p>

<p style="margin: 0pt 0 0pt 71.05pt; font-size: 10pt">Attn: Ulises Mart&iacute;nez Mart&iacute;nez / Carol B. Clemente Bejarano</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 24.8pt 0pt 71.15pt; font-size: 10pt; text-align: justify">In the case of shares held through fungible securities
accounts in Mexico, the Certificate of Shareholding must be issued by S.D. Indeval Instituci&oacute;n para el Dep&oacute;sito de
Valores, S.A. de C.V. (Paseo de la Reforma #255, 3er. piso Col. Cuauht&eacute;moc, Mexico City) in accordance with applicable regulation.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">The AGMS Proxy Form will only be valid if it includes
the shareholder&rsquo;s name, registered office/address and signature and, in the event of shares owned by a corporation or any
other legal entity, the name, registered office/address and signature of the individual(s) representing such corporation or other
legal entity. INCOMPLETE OR ERRONEOUS AGMS PROXY FORMS OR AGMS PROXY FORMS WHICH ARE NOT TIMELY DELIVERED OR DO NOT SATISFY THE
REQUIRED FORMALITIES WILL BE DISCARDED AND THE UNDERLYING SHARES WILL NOT BE VOTED AT THE MEETING.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">The proxy holder voting at the Meeting will be a
person designated by the Company and appointed in the AGMS Proxy Form by each shareholder electing to vote by proxy at the Meeting.
Accordingly, the proxy holder will represent all shareholders electing to vote by proxy at the Meeting and will vote the shares
of the represented shareholders differently, in accordance with the instructions given to the proxy holder by each shareholder.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">Each share is indivisible for purposes of voting at the Meeting.
Co-owners of shares, beneficiaries and bare-owners of shares, and pledgors and pledgees of pledged shares may only submit one
AGMS Proxy Form.</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"></p>

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<p style="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">In accordance with the Shareholders&rsquo; Rights Law, shareholders holding, individually or collectively,
at least five per cent (5%) of the issued shares of the Company have the right to</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">(a) include items on the agenda for the Meeting; and (b) propose
draft resolutions for the items included or to be included on the agenda for the Meeting. To exercise such rights, shareholders
holding, individually or collectively, at least five per cent (5%) of the issued shares of the Company, must submit a written
request to the Company <b>ON OR BEFORE 12<sup>TH</sup> APRIL 2021</b>, to any of the postal addresses of the Company indicated
above, or by sending an electronic message to the following electronic address: investors@tenaris.com. The request must be accompanied
by a justification or a draft resolution proposed to be adopted in the Meeting and must include the postal or electronic address
at which the Company can acknowledge receipt of such request. Requests which are not timely delivered or do not satisfy the required
formalities will be discarded and the proposals included in such requests shall not be included in the agenda for the Meeting.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify; color: #009900"><b>Holders of ADRs: procedures for voting
at the Meeting</b></p>

<p style="margin: 0pt 0; font-size: 10pt"><b>&nbsp;</b></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">Holders of American Depositary Receipts (&ldquo;<u>ADRs</u>&rdquo;)
as of <b>19<sup>th</sup> APRIL 2021 (the &ldquo;<u>ADR Holders&rsquo; Record Date</u>&rdquo;) </b>are entitled to instruct DEUTSCHE
BANK TRUST COMPANY AMERICAS, as Depositary (the &ldquo;<u>Depositary</u>&rdquo;), as to the exercise of the voting rights in respect
of the Company&rsquo;s shares underlying such holder&rsquo;s ADRs. Only those ADR holders of record as of the ADR Holders&rsquo;
Record Date will be entitled to provide the Depositary with voting instructions.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">Proxy materials will be available to ADR holders as of the date of
this notice on the Company&rsquo;s website at ir.tenaris.com/corporate-governance/annual-general-meeting. Voting instructions
and voting cards will be sent to ADR holders by the Depositary. Any eligible ADR holder who wishes to give voting instructions
in respect of the shares underlying its ADRs must follow the instructions and meet the deadlines set forth in such voting instructions
and voting cards.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; font-weight: bold; text-align: justify">In accordance with the Luxembourg
Law of 11<sup>th</sup> January 2008 on transparency obligations for issuers of securities, as amended, each shareholder of the
Company must notify the Company and the Luxembourg <i>Commission de Surveillance du Secteur Financier</i> (CSSF) on an ongoing
basis whenever the proportion of the Company&rsquo;s voting rights held or controlled by such shareholder (or shareholders acting
in concert) reaches, exceeds or falls below any of the following thresholds: 5%, 10%, 15%, 20%, 25%, 33 1/3%, 50% and 66 2/3%.
Any such notification shall be made as indicated in the Company&rsquo;s website at tenaris.com/en/sustainability/governance-and-ethics/
and in accordance with CSSF regulations. Failure to make such notification will cause the suspension of the exercise of voting
rights relating to the shares exceeding the proportion that should have been notified.</p>

<p style="margin: 0pt 0; font-size: 10pt"><b>&nbsp;</b></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">On 30<sup>th</sup> March 2021, the Company had
a total issued share capital of US$1,180,536,830, represented by 1,180,536,830 shares, each share carrying one vote.</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><b>Cecilia Bilesio</b></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">Secretary of the Board of Directors</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">30<sup>th</sup> March 2021</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</p>


<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<p style="margin: 0pt 0; font-size: 10pt"></p>

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<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%"><IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 46%">&nbsp;</TD>
    <TD STYLE="width: 21%"><IMG SRC="logo_2.jpg" ALT="" STYLE="height: 91px; width: 150px"></TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<P STYLE="margin: 0pt 0 0pt 340pt; font-size: 10pt; color: gray"></P>

<P STYLE="margin: 0pt 0 0pt 340pt; font-size: 10pt; color: gray"></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt 0pt; font-size: 10pt">Dear Tenaris Shareholder and ADR Holder,</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">I encourage you to vote at the Annual General Meeting of Shareholders (the
&ldquo;<U>Meeting</U>&rdquo;) of Tenaris S.A. (the &ldquo;<U>Company</U>&rdquo;) to be held on Monday 3<SUP>rd</SUP> May 2021
at 15:30 (Central European Time).</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">At the Meeting you will hear a report on the
Company&rsquo;s business, financial condition and results of operation and will be able to vote on various matters, including
the approval of the Company&rsquo;s financial statements, the election of the members of the board of directors,
directors&rsquo; and chief executive officer&rsquo;s compensation, and the appointment of the external auditors.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">The convening notice of the Meeting (which contains the agenda for
the Meeting and the procedures for voting at the Meeting), the total number of Shares and voting rights as of the date of the
convening notice, the Shareholder Meeting Brochure and Proxy Statement (which contains reports on each item of the agenda for
the Meeting and draft resolutions proposed to be adopted at the Meeting), the Company&rsquo;s 2020 annual report (which contains
the Company&rsquo;s consolidated financial statements as of and for the year ended 31<SUP>st</SUP> December 2020, and the Company&rsquo;s
annual accounts as at 31<SUP>st</SUP> December 2020, together with the external auditors&rsquo; reports and the consolidated management
report and certifications), the 2020 Compensation Report, and the forms required to be submitted to the Company for purposes of
voting at the Meeting are available to shareholders as of the date of the convening notice, and may be obtained free of charge
from the Company&rsquo;s website at ir.tenaris.com/corporate-governance/annual-general-meeting or at the Company&rsquo;s registered
office in Luxembourg. In addition, shareholders registered in the Company&rsquo;s registry can obtain electronic copies of these
documents free of charge by sending an electronic message to the following electronic address: investors@tenaris.com.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">I believe that stakeholder participation and long-term
engagement is key to the success of every company. Even if you only own a few shares or ADRs, I hope that you will exercise your
right to vote at the Meeting. If you are a holder of shares on 19<SUP>th</SUP> April 2021 at 24:00 (midnight), Central European
Time, you can vote by proxy at the Meeting. If you are a holder of ADRs, please see the letter from Deutsche Bank Trust Company
Americas, the depositary bank, or contact your broker/custodian, for instructions on how to exercise the voting rights in respect
of the shares underlying your ADRs.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">Please note the requirements you must satisfy
to vote your shares or ADRs at the Meeting.</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">Yours sincerely,</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; font-weight: bold; text-align: justify">Paolo Rocca</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">Chairman and Chief Executive Officer</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">30<SUP>th</SUP> March 2021</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

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<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><IMG SRC="deutsche.jpg" ALT="" STYLE="height: 147px; width: 800px">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 33%"><P STYLE="margin: 0pt 13.9pt 0pt 0; font-size: 10pt; text-align: left; color: #F47900"><FONT STYLE="font-size: 14pt">March
                           30, 2021</FONT></P>
</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 18pt; color: #3265FF">Tenaris SA</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 18pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 18pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

<P STYLE="margin: 0pt 0 0pt -60pt; font-size: 10pt"></P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><FONT STYLE="color: gray"><I>&nbsp;</I></FONT></P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><FONT STYLE="color: gray"><I>Please be advised of the following</I></FONT>
<B>Depositary's Notice of Annual General Meeting of Shareholders:</B></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt; font-size: 10pt; color: navy"><B>Depositary Receipt Information</B></P>

<P STYLE="margin: 0pt; font-size: 10pt; color: navy"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt; font-size: 10pt; color: navy"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 20%"><B>CUSIP:</B></TD>
    <TD STYLE="width: 20%"><P STYLE="margin: 0pt; font-size: 10pt"></P>

<P STYLE="margin: 0pt; font-size: 10pt">88031M109</P>
</TD>
    <TD STYLE="width: 20%">(DTC Eligible)</TD>
    <TD STYLE="width: 20%"><B>ADS ISIN:</B></TD>
    <TD STYLE="width: 20%">US88031M1099</TD></TR>
</TABLE>

<P STYLE="margin: 0pt; font-size: 10pt; color: navy"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt; font-size: 10pt; color: navy"><B></B></P>

<P STYLE="margin: 0pt; font-size: 10pt; color: navy"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 20%"><P STYLE="margin: 0pt; font-size: 10pt; color: navy"></P>

<P STYLE="margin: 0pt; font-size: 10pt"></P>

<P STYLE="margin: 0pt; font-size: 10pt"><B>Country of Incorporation:</B></P>
</TD>
    <TD STYLE="width: 80%"> Luxembourg</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><B>Meeting Details:</B></TD>
    <TD>Annual General Meeting of Shareholders currently
scheduled for May 03, 2021</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><B>Distribution Date:</B></TD>
    <TD>March 19, 2021</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><B>ADS Record Date:</B></TD>
    <TD>April 19, 2021</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><B>Voting Deadline:</B></TD>
    <TD>April 26, 2021 at 1:00 PM EST (Eastern Standard Time)</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><B>Meeting Date:</B></TD>
    <TD>May 03, 2021 at 15:30 CET (Central European Time)</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><B>Meeting Agenda:</B></TD>
    <TD>The Company's Notice of Meeting, including the Agenda, is available
at the Company&rsquo;s website: http://www.tenaris.com</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><B>Ratio (ORD:ADS):</B></TD>
    <TD>2 : 1</TD></TR>
</TABLE>

<P STYLE="margin: 0pt; font-size: 10pt; color: navy"><B></B></P>

<P STYLE="margin: 0pt; font-size: 10pt"></P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Deutsche Bank Trust Company Americas, as depositary (the &quot;Depositary&quot;) for
the American Depositary Share (&quot;ADS&quot;) program of Tenaris S.A. (the &quot;Company&quot;) has received notice from
the Company of an Annual General Meeting of Shareholders (the &quot;Meeting&quot;) currently scheduled on the date set forth
above. A copy of the notice of the Meeting is available on the Company's website at ir.tenaris.com/corporate-
governance/annual-general-meeting.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">In accordance with the provisions of the Amended and Restated Deposit Agreement,
dated as of March 13, 2013, among the Company, the Depositary, and all registered owners (&quot;Owners&quot;) and holders
from time to time of ADSs issued thereunder (the &quot;Deposit Agreement&quot;), Owners of ADSs representing ordinary shares
of the Company (&quot;Shares&quot;), at the close of business (Eastern Standard Time) on the ADS Record Date set forth above,
will be entitled, subject to any applicable provision of Luxembourg law, the Company's articles of association and the
provisions governing the Shares, to instruct the Depositary as to the exercise of the voting rights pertaining to the number
of Shares represented by their respective ADSs. A voting instruction form is enclosed for that purpose.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Although the Company has instructed the Depositary to mail voting instruction
materials to Owners of record at the Distribution Date set forth above, voting instructions will only be accepted and counted for
positions held by those Owners on the ADS Record Date set forth above. Voting instructions must be received by the Depositary on
or before the Voting Deadline set forth above. Owners are advised that if the number of ADSs held by an Owner on the ADS Record
Date set forth above differs from that on the Distribution Date, the Depositary will only apply such voting instructions to those
ADSs held by such Owner on the ADS Record Date. Owners on the ADS Record Date that were not Owners on the Distribution Date may
only be able to provide voting instructions electronically.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Note that Owners may only provide voting instructions on particular
agenda items in respect of all of their ADSs and may not split voting instructions on a particular agenda item.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">With respect to any voting instructions received by the Depositary on or
prior to the Voting Deadline set forth above, the Depositary shall endeavor, insofar as practicable, to vote or cause to be voted
the number of Shares represented by the ADSs in accordance with such voting instructions.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Owners are advised that, pursuant to the provisions of the Deposit Agreement,
if voting instructions are not timely received by the Depositary from an Owner on or before the Voting Deadline set forth above
with respect to the Shares represented by such Owner's ADS on the ADS Record Date, in accordance with the provisions of the Deposit
Agreement a proxy will be provided to a person designated by the Company with respect to the Shares, to vote that amount of Shares
in favor of any proposals or recommendations of the Company (including any recommendation by the Company to vote Shares on any
issue in accordance with the majority shareholders' vote on that issue) as determined by such appointed proxy, except that such
instruction shall not be deemed to have been given and the Depositary shall not give a proxy with respect to any matter as to which
the Company informs the Depositary that (x) the Company does not wish to receive such proxy, (y) the Company has knowledge that
substantial opposition exists with respect to the action to be taken at the meeting or (z) the matter materially and adversely
affects the rights of holders of Shares. The Depositary shall have no obligation to notify Owners if it should receive any such
notification from the Company. The Company has instructed us that the appointed proxy will vote in the manner stated in the Company's
shareholder meeting brochure and proxy statement.</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt"></P>

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<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Any Owner entitled to provide the Depositary with voting instructions in
respect of the Shares underlying its ADSs, is also entitled to revoke any instructions previously given to the Depositary by filing
with the Depositary a written revocation or submitting new instructions on a later date, in each case, at any time prior to the
above referred Voting Deadline. No instructions, revocations or revisions thereof shall be accepted by the Depositary after such
Voting Deadline.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Company has also instructed the Depositary to notify Owners that the convening notice,
the Shareholder Meeting Brochure and Proxy Statement (which contains reports on each item of the agenda for the Meeting and draft
resolutions proposed to be adopted at the Meeting), Company's 2020 annual report (which contains the Company's consolidated financial
statements as of and for the year ended December 31, 2020, and the Company's annual accounts as at December 31, 2020, together
with the external auditors' reports and the consolidated management report and certifications) and the Company&rsquo;s 2020 Compensation
Report, are available to Owners as of the date of the convening notice, and may be obtained free of charge from the Company's
website at ir.tenaris.com/corporate-governance/annual-general-meeting.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Note: Subject to the below, voting instructions will only be counted
for those ADSs held on the ADS Record Date, although voting materials may have been received with respect to the distribution date
used for the initial mailing.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Owners on the ADS Record Date that were not Owners on the Distribution
Date will receive voting materials promptly after the ADS Record Date, however due to the narrow timeframe between the ADS Record
Date and the Voting Deadline, such Owners may only provide voting instructions through electronic means (internet/phone).</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Please note that persons beneficially holding ADSs
through a bank, broker or other nominee that wish to provide voting instructions with respect to the securities represented by
such ADSs must follow the voting instruction requirements of, and adhere to the deadlines set by, such bank, broker or other nominee.
Such requirements and deadlines may differ from those set forth herein for registered holders of ADSs.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Holders and persons and/or entities having a beneficial
interest in any ADS (&ldquo;Beneficial Owners&rdquo;) are advised that (a) the Depositary has not reviewed the Company's website
or any of the items thereon, and is not liable for the contents thereof, (b) neither the Depositary nor any of its affiliates controls,
is responsible for, endorses, adopts, or guarantees the accuracy or completeness of any information contained in any document prepared
by the Company or on the Company's website and neither the Depositary nor any of its affiliates are or shall be liable or responsible
for any information contained therein or thereon, (c) there can be no assurance that Holders or Beneficial Owners generally or
any Holder or Beneficial Owner in particular will receive this notice with sufficient time to enable the Holder to return voting
instructions to the Depositary in a timely manner, and (d) the Depositary and its agents shall not be liable for any failure (provided
that any such action or nonaction is in good faith and without the Depositary&rsquo;s and/or its agent gross negligence and willful
misconduct) to carry out any instructions to vote any of the Deposited Securities, or for the manner in which any vote is cast
or the effect of any vote.</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt"><B>For further information, please contact:</B></P>

<P STYLE="margin: 0pt; font-size: 10pt">Depositary Receipts</P>

<P STYLE="margin: 0pt; font-size: 10pt">Toll Free Phone: (800) 821- 8780</P>

<P STYLE="margin: 0pt; font-size: 10pt">International Phone: +1 (718) 921-8137</P>

<P STYLE="margin: 0pt; font-size: 10pt">db@astfinancial.com</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt"></P>

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<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt"><B>Tenaris S.A.</B></P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt"><I>Soci&eacute;t&eacute; Anonyme</I></P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt"><I></I>26, Boulevard Royal, 4th Floor</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt">L-2449 Luxembourg</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt">RCS Luxembourg B 85 203</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; color: #009900"><FONT STYLE="font-size: 12pt"><B>Shareholder Meeting Brochure
and Proxy Statement</B></FONT></P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; color: #009900"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt; font-size: 10pt"><B>Annual General Meeting of Shareholders to be held on 3rd May 2021</B></P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">This Shareholder Meeting Brochure and Proxy Statement
is furnished by the Company in connection with the Meeting to be held on 3<SUP>rd</SUP> May 2021 for the purposes set forth in
the convening notice of the Meeting (the &ldquo;<U>Notice</U>&rdquo;). The Meeting will begin at 15:30 (Central European Time).</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Meeting has been convened by the Notice, which contains the agenda for the Meeting
and the procedures for voting at the Meeting. The Notice has been published in Luxembourg and in the markets where the shares,
or other securities representing shares, of the Company are listed. A copy of the Notice may be obtained free of charge from the
Company&rsquo;s website at ir.tenaris.com/corporate- governance/annual-general-meeting or at the Company&rsquo;s registered office
in Luxembourg. In addition, shareholders registered in the Company&rsquo;s registry can obtain electronic copies of these documents
free of charge by sending an electronic message to the following electronic address: investors@tenaris.com.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">As of the date hereof, there are issued and outstanding 1,180,536,830 ordinary shares
of the Company, US$1 par value each (the &ldquo;<U>Shares</U>&rdquo;), including the Shares deposited with various agents (the
&ldquo;<U>Deposited Shares</U>&rdquo;) for DEUTSCHE BANK TRUST COMPANY AMERICAS, as depositary (the &ldquo;<U>Depositary</U>&rdquo;),
under the Amended and Restated Deposit Agreement, dated as of 13<SUP>th</SUP> March 2013, among the Company, the Depositary and
all registered owners and holders from time to time of American Depositary Receipts (the &ldquo;<U>ADRs</U>&rdquo;) issued thereunder.
The Deposited Shares are represented by American Depositary Shares, which are evidenced by the ADRs (one ADR equals two Deposited
Shares). Each Share entitles the holder thereof to one vote at general meetings of shareholders of the Company.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">In accordance with the Luxembourg law of 11<SUP>th</SUP> January 2008, as amended and
supplemented, on transparency obligations for issuers of securities (the &ldquo;<U>Transparency Law</U>&rdquo;), each shareholder
of the Company must notify the Company and the Luxembourg <I>Commission de Surveillance du Secteur Financier</I> (CSSF) on an
ongoing basis whenever the proportion of the Company&rsquo;s voting rights held or controlled by such shareholder (or shareholders
acting in concert) reaches, exceeds or falls below any of the following thresholds: 5%, 10%, 15%, 20%, 25%, 33 1/3%, 50% and 66
2/3%. Any such notification shall be made as indicated in the Company&rsquo;s website at https://www.tenaris.com/en/sustainability/governance-and-ethics/
and in accordance with CSSF regulations. Failure to make such notification will cause the suspension of the exercise of voting
rights relating to the Shares exceeding the proportion that should have been notified.</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt"></P>

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<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify; color: #009900"><FONT STYLE="font-size: 10pt"><B>Holders
of Shares: procedures for voting at the Meeting</B></FONT></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Due to the COVID-19 pandemic, the disease caused
by the SARS-CoV-2 virus, on 18th March 2020, the Luxembourg government declared a state of emergency for a period of three months
and enacted, by way of decree, a number of temporary measures on the holding of meetings in companies and other legal entities.
Among other measures, companies have been allowed, notwithstanding any provision to the contrary in their articles of association
and regardless of the expected number of participants, to hold general meetings of shareholders without a physical meeting and
have also been allowed to require shareholders (or other participants in the meeting), subject to certain conditions, to exercise
rights exclusively through a proxy holder designated by the company. Subsequently, a series of laws, including the most recent
Law of 25<SUP>th</SUP> November 2020, extended the application of such measures until 30<SUP>th</SUP> June 2021.</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">In accordance with applicable laws and regulation,
for safety reasons, the Company has resolved that shareholders may not attend the Meeting in person and shall, instead, exercise
their rights in connection with the Meeting in the manner described in the Notice.</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; font-weight: bold; text-align: justify">In accordance with the Luxembourg
Law of 24<SUP>th</SUP> May 2011 (as amended by the Luxemburg Law of 1<SUP>st</SUP> August 2019) on the exercise of certain rights
of shareholders in general meetings of listed companies (the &ldquo;<U>Shareholders&rsquo; Rights Law</U>&rdquo;), the right to
vote at the Meeting is restricted to those shareholders who are holders of Shares on 19<SUP>th</SUP> April 2021 at 24:00 (midnight),
Central European Time (the &ldquo;<U>Shareholders&rsquo; Record Time</U>&rdquo;).</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Shareholders will be entitled to exercise their
rights in connection with the Meeting exclusively through a proxy holder designated by the Company. No shareholder may attend the
Meeting in person. A shareholder will be entitled to vote by proxy at the Meeting in respect of those Shares which such shareholder
duly evidences to hold at the Shareholders&rsquo; Record Time. Any changes to a shareholder&rsquo;s holding of Shares after the
Shareholders&rsquo; Record Time shall be disregarded for purposes of determining the right of such shareholder to vote by proxy
at the Meeting.</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">If you are a holder of Shares on the Shareholders&rsquo; Record Time and you wish to
vote by proxy at the Meeting, you must complete and return to the Company the AGMS Proxy Form, appointing a proxy holder
designated by the Company and providing voting instructions in connection with the Meeting. The AGMS Proxy Form must be
received by the Company <B>ON OR BEFORE 19<SUP>th</SUP> APRIL 2021 AT 24:00 (MIDNIGHT), CENTRAL EUROPEAN TIME (i.e. THE
SHAREHOLDERS&rsquo; RECORD TIME)</B><FONT STYLE="font-weight: normal">. </FONT><B>Please note that in the event that the
Company does not receive the AGMS Proxy Form, properly completed and signed, by the date indicated above, you will not be
able to vote at the Meeting</B><FONT STYLE="font-weight: normal">.</FONT></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Any shareholder wishing to vote at the Meeting is required to provide reasonably satisfactory
evidence to the Company (prior to the Meeting) as to the number of Shares held by such shareholder on the Shareholders&rsquo;
Record Time. Such evidence of shareholding must be provided by means of a certificate issued by the relevant shareholder&rsquo;s
bank or stockbroker, which must include at least shareholder&rsquo;s name, shareholder&rsquo;s registered office/address, shareholder
status, number of Shares held by the shareholder on the Shareholders&rsquo; Record Time, the stock exchange on which the shareholder&rsquo;s
Shares trade and signature of the relevant shareholder&rsquo;s bank or stockbroker (the &ldquo;<U>Certificate of Shareholding</U>&rdquo;).
The Certificate of Shareholding must be delivered to the Company as soon as possible and in any event must be received by the
Company <B>ON OR BEFORE 26<SUP>th</SUP> APRIL 2021 AT 24:00 (MIDNIGHT), CENTRAL EUROPEAN TIME</B>.</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

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<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The AGMS Proxy Form and the Certificate of Shareholding may be obtained free of charge
from the Company&rsquo;s website at ir.tenaris.com/corporate-governance/annual-general-meeting or at the Company&rsquo;s registered
office in Luxembourg. In addition, shareholders registered in the Company&rsquo;s registry can obtain electronic copies of these
documents free of charge by sending an electronic message to the following electronic address: investors@tenaris.com.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The AGMS Proxy Form and the Certificate of Shareholding must be received by the Company,
properly completed and signed, by the dates indicated above, at any of the postal addresses indicated in the Notice, or by electronic
message to the following electronic address: investors@tenaris.com.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The proxy holder voting at the Meeting will be a person designated by the Company and
appointed in the AGMS Proxy Form by each shareholder electing to vote by proxy at the Meeting. Accordingly, the proxy holder will
represent all shareholders electing to vote by proxy at the Meeting and will vote the Shares of the represented shareholders differently,
in accordance with the instructions given to the proxy holder by each shareholder.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Each Share is indivisible for purposes of voting at the Meeting. Co-owners of Shares,
beneficiaries and bare-owners of Shares, and pledgors and pledgees of pledged Shares may only submit one AGMS Proxy Form.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">A shareholder who has completed and delivered to the Company the AGMS Proxy Form, is entitled
to, on a later date, revoke such AGMS Proxy Form, and/or (ii) replace such AGMS Proxy Form with a new AGMS Proxy Form submitting
new voting instructions, by delivering to the Company a notice of revocation and/or a properly completed and signed replacement
AGMS Proxy Form, provided, that such notice of revocation and/or replacement AGMS Proxy From must be received by the Company by
the dates indicated above, at any of the postal addresses indicated in the Notice, or by electronic message to the following electronic
address: investors@tenaris.com. No revocations or replacement of the AGMS Proxy Form shall be accepted by the Company if received
after such deadlines.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">In accordance with the Shareholders&rsquo; Rights Law, shareholders holding, individually
or collectively, at least five per cent (5%) of the issued Shares have the right to (a) include items on the agenda for the Meeting;
and (b) propose draft resolutions for the items included or to be included on the agenda for the Meeting. To exercise such rights,
shareholders holding, individually or collectively, at least five per cent (5%) of the issued Shares, must submit a written request
to the Company <B>on or before 12<SUP>th</SUP> April 2021</B>, to any of the postal addresses of the Company indicated in the
Notice, or by sending an electronic message to the following electronic address: investors@tenaris.com. The request must be accompanied
by a justification or a draft resolution proposed to be adopted in the Meeting and must include the postal or electronic address
at which the Company can acknowledge receipt of such request. Requests which are not timely delivered or do not satisfy the required
formalities will be discarded and the proposals included in such requests shall not be included in the agenda for the Meeting.</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Meeting will appoint a chairperson <I>pro
tempore </I>to preside the Meeting. The chairperson <I>pro tempore</I> will have broad authority to conduct the Meeting in an orderly
and timely manner.</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

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<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify; color: #009900"><FONT STYLE="font-size: 10pt"><B>Holders
of ADRs: procedures for voting at the Meeting</B></FONT></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt; font-size: 10pt">Holders of ADRs as of <B>19<SUP>th</SUP> April
2021</B> (the &ldquo;<U>ADR Holders&rsquo; Record Date</U>&rdquo;) are entitled to instruct the Depositary as to the exercise of
the voting rights in respect of the Shares underlying such holder&rsquo;s ADRs. Only those ADR holders of record as of the ADR
Holders&rsquo; Record Date will be entitled to provide the Depositary with voting instructions.</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Any eligible ADR holder who wishes to give voting
instructions in respect of the Shares underlying its ADRs must follow the instructions and meet the deadlines set forth in the
voting instructions and voting cards. If the Depositary receives proper instructions by <B>26<SUP>th</SUP> April 2021, 13:00 (Eastern
Standard Time)</B>, with respect to ADR holders giving instructions through a written proxy card, internet or telephone, then the
Depositary shall vote, or cause to be voted, the Shares underlying such holder&rsquo;s ADRs in the manner prescribed by the instructions.
However, if by the above referred deadlines, the Depositary receives no instructions from the ADR holder, then the Depositary shall
deem such ADR holder to have instructed the Depositary to vote the Shares underlying its ADRs in favor of any proposals or recommendations
of the Company (including any recommendation by the Company to vote such underlying Shares on any given issue in accordance with
the majority shareholder vote on that issue) and, for these purposes, the Depositary shall issue a proxy to a person appointed
by the Company to vote the Shares underlying such holder&rsquo;s ADRs in favor of any such proposals or recommendations. No instruction
shall be deemed given, and no proxy shall be given, with respect to any matter as to which the Company informs the Depositary that
(i) it does not wish such proxy to be given, (ii) it has knowledge that substantial opposition exists with respect to the action
to be taken at the Meeting, or (iii) the matter materially and adversely affects the rights of the holders of ADRs.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Any holder of ADRs entitled to provide the Depositary
with voting instructions in respect of the Shares underlying its ADRs, is also entitled to revoke any instructions previously given
to the Depositary by filing with the Depositary a written revocation or submitting new instructions on a later date, in each case,
at any time prior to the above referred deadlines. No instructions, revocations or revisions thereof shall be accepted by the Depositary
after such deadlines.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Holders of ADRs maintaining non-certificated positions
must follow voting instructions given by their broker or custodian bank, which may provide for earlier deadlines for submitting
voting instructions than those indicated above.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 76.9pt 0pt 0pt; font-size: 10pt; text-align: justify; color: #009900"><B>Annual General Meeting of Shareholders:
Agenda, reports on agenda items and draft resolutions proposed to be adopted.</B></P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt; font-size: 10pt">Resolutions at the Meeting will be passed by the
simple majority of the votes validly cast, irrespective of the number of Shares present or represented.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Meeting is called to address and vote on the
items of the agenda included in the Notice. The agenda for the Meeting, including reports on each item of the agenda and the draft
resolution proposed to be adopted thereon, are included below:</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

<P STYLE="margin: 0pt; font-size: 10pt; font-weight: bold; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; font-weight: bold; text-align: justify; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 4%"><B>1.</B></TD>
    <TD STYLE="text-align: justify; width: 96%"><B>Consideration of the consolidated management report and related management certifications on the
    Company&rsquo;s consolidated financial statements as of and for the year ended 31<SUP>st</SUP> December 2020, and on the annual
    accounts as at 31<SUP>st</SUP> December 2020, and of the external auditors&rsquo; reports on such consolidated financial statements
    and annual accounts.</B></TD></TR>
</TABLE>

<P STYLE="margin: 0pt; font-size: 10pt; font-weight: bold; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The consolidated management report and related management certifications on the Company&rsquo;s
consolidated financial statements as of and for the year ended 31<SUP>st</SUP> December 2020, and on the Company&rsquo;s annual
accounts as at 31<SUP>st</SUP> December 2020, and the external auditors&rsquo; reports on such consolidated financial statements
and annual accounts, are included in the Company&rsquo;s 2020 annual report, copies of which are available to shareholders and
ADR holders as of the date of the Notice, as indicated in this Shareholder Meeting Brochure and Proxy Statement. The Company&rsquo;s
2020 annual report includes all the information required by the Luxembourg law of 10<SUP>th</SUP> August 1915 on commercial companies,
as amended (the &ldquo;<U>Commercial Companies Law</U>&rdquo;), and the information required under the Luxembourg law of 19<SUP>th
</SUP>May 2006 implementing the Directive 2004/25/EC of the European Parliament and of the Council of 21<SUP>st</SUP> April 2004
on takeover bids. The non-financial statement required under article 1730-1 of the Commercial Companies Law and articles 68 and
68bis of the Luxembourg law of 19<SUP>th</SUP> December 2002 on the commercial and companies register and on the accounting records
and annual accounts of undertakings, has been included in a separate annual sustainability report published on 29<SUP>th</SUP>
March 2021, and made available on the Company&rsquo;s website at http://www.tenaris.com/en/Sustainability.aspx.</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

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<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><B><I>Draft resolution proposed to be adopted</I></B>: &ldquo;<I>the Annual General Meeting
of Shareholders resolved to acknowledge the consolidated management report and related management certifications on the Company&rsquo;s
consolidated financial statements as of and for the year ended 31<SUP>st</SUP> December 2020, and on the Company&rsquo;s annual
accounts as at 31<SUP>st</SUP> December 2020, and the external auditors&rsquo; reports on such consolidated financial statements
and annual accounts</I>.&rdquo;</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 4%"><B>2.</B></TD>
    <TD STYLE="width: 96%"><B> Approval of the Company&rsquo;s consolidated financial statements as of and for the year ended 31<SUP>st</SUP> December
2020.</B></TD></TR>
</TABLE>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Company&rsquo;s consolidated financial statements
as of and for the year ended 31<SUP>st</SUP> December 2020 (comprising the consolidated statement of financial position and the
related consolidated statements of income, of cash flows and of changes in equity and the notes to such consolidated financial
statements), are included in the Company&rsquo;s 2020 annual report, copies of which are available to shareholders and ADR holders
as of the date of the Notice, as indicated in this Shareholder Meeting Brochure and Proxy Statement.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><B><I>Draft resolution proposed to be adopted</I></B>:
&ldquo;<I>the Annual General Meeting of Shareholders resolved to approve the Company&rsquo;s consolidated financial statements
as of and for the year ended 31<SUP>st</SUP> December 2020</I>&rdquo;.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt; width: 4%"><B>3.</B></TD><TD STYLE="padding-left: -40pt; width: 96%"><B>Approval of the Company&rsquo;s
                                         annual accounts as at 31<SUP>st</SUP> December 2020.</B></TD></TR></TABLE>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Company&rsquo;s annual accounts as at 31<SUP>st</SUP>
December 2020 (comprising the balance sheet, the profit and loss account and the notes to such annual accounts) are included in
the Company&rsquo;s 2020 annual report, copies of which are available to shareholders and ADR holders as of the date of the Notice,
as indicated in this Shareholder Meeting Brochure and Proxy Statement.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt"><B><I>Draft resolution proposed to be adopted</I></B>:
&ldquo;<I>the Annual General Meeting of Shareholders resolved to approve the Company&rsquo;s annual accounts as at 31<SUP>st</SUP>
December 2020</I>&rdquo;.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -40pt; width: 4%"><B>4.</B></TD>
    <TD STYLE="padding-left: -40pt; width: 96%"><B>Allocation of results and approval of dividend payment for the year ended 31<SUP>st
    </SUP>December 2020.</B></TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">In accordance with applicable Luxembourg law and
the Company&rsquo;s articles of association, the Company is required to allocate 5% of its annual net income to a legal reserve,
until this reserve equals 10% of the subscribed capital. As indicated in the Company&rsquo;s annual accounts as at 31<SUP>st</SUP>
December 2020, the Company&rsquo;s legal reserve already amounts to 10% of its subscribed capital and, accordingly, the legal requirements
in that respect are satisfied.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Dividends may be lawfully declared and paid if the Company&rsquo;s net profits and
distributable reserves are sufficient under Luxembourg law. The amount and payment of dividends must be approved by a
majority vote at the annual general meeting of shareholders, generally, but not necessarily, based on the recommendation of
the Company&rsquo;s board of directors (the &ldquo;<U>Board of Directors</U>&rdquo;). Under Article 21 of the Company&rsquo;s
articles of association, the Board of Directors has the power to distribute interim dividends out of profits, share premium
or any other available reserves, in accordance with applicable law, in particular in accordance with the conditions set forth
in Article 461-3 of the Luxembourg Company Law. Such dividend payments must be finally approved by the Annual General Meeting
of Shareholders.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Board of Directors proposed at its meeting
held on 24<SUP>th</SUP> February 2021, that a dividend, payable in U.S. dollars, in the amount of US$0.21 per share (or US$0.42
per ADR), which represents an aggregate sum of approximately US$248 million (the &ldquo;Annual Dividend&rdquo;). The Annual Dividend
is proposed to include the interim dividend of $0.07 per share ($0.14 per ADS) or approximately $83 million, paid on November 25,
2020 (the &ldquo;Interim Dividend&rdquo;), and, accordingly, if the Annual Dividend proposal is approved, the Company will make
an additional dividend payment on 26<SUP>th</SUP> May 2021 in the amount of US$0.14 per share (or US$0.28 per ADR), or approximately
US$165 million (the &ldquo;Dividend Balance&rdquo;).</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Company&rsquo;s annual accounts as at 31<SUP>st</SUP>
December 2020, show a loss for 2020 of approximately US$ 2,418.4 million. However, considering the amount of the Company&rsquo;s
retained earnings and other distributable reserves, the Company has distributable amounts that exceed the Annual Dividend. The
Interim Dividend was paid out of the Company&rsquo;s retained earnings account, and the Dividend Balance will also be paid out
of the Company&rsquo;s retained earnings account. It is proposed that the loss of the year ended 31<SUP>st</SUP> December 2020,
be absorbed by the Company&rsquo;s retained earnings account.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><B><I>Draft resolution proposed to be adopted</I></B>:
&ldquo;<I>the Annual General Meeting of Shareholders resolved (i) to approve an annual dividend of US$0.21 per share (or US$0.42
per ADR), which represents an aggregate sum of approximately US$248 million, it being understood that the annual dividend approved
pursuant to this resolution includes the interim dividend of $0.07 per share ($0.14 per ADS) or approximately $83 million, paid
on November 25, 2020 out of the Company&rsquo;s retained earnings account; (ii) to authorize the Board of Directors to determine
or amend, in its discretion, the terms and conditions of the dividend balance so approved, including the applicable record date,
(iii) to pay the dividend balance so approved, in the amount of US$0.14 per share (or US$0.28 per ADR), in U.S. dollars on 26<SUP>th</SUP>
May 2021, out of the Company&rsquo;s retained earnings reserve; and (iv) that the loss of the year ended 31 December 2020, be absorbed
by the Company&rsquo;s retained earnings account</I>&rdquo;.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -40pt; width: 4%"><B>5.</B></TD>
    <TD STYLE="padding-left: -40pt; width: 96%"><B>Discharge of the members of the Board of Directors for the exercise of their
    mandate throughout the year ended 31<SUP>st</SUP> December 2020.</B></TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt; font-size: 10pt">In accordance with the Commercial Companies Law,
following approval of the Company&rsquo;s annual accounts as at 31<SUP>st</SUP> December 2020, the Meeting must vote as to whether
those who were members of the Board of Directors throughout the year ended 31<SUP>st</SUP> December 2020, are discharged from any
liability in connection with the management of the Company&rsquo;s affairs during such year.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">It is proposed that those who were members of the
Board of Directors throughout the year ended 31<SUP>st</SUP> December 2020, be discharged from any liability in connection with
the management of the Company&rsquo;s affairs during such year.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt"><B><I>Draft resolution proposed to be adopted</I></B>:
&ldquo;<I>the Annual General Meeting of Shareholders resolved to discharge all those who were members of the Board of Directors
throughout the year ended 31<SUP>st</SUP> December 2020, from any liability in connection with the management of the Company&rsquo;s
affairs during such year</I>.&rdquo;</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt"></P>

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<P STYLE="margin: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt; width: 4%"><B>6.</B></TD><TD STYLE="padding-left: -40pt; width: 96%"><B>Election of the members of the
                                         Board of Directors.</B></TD></TR></TABLE>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Management of the Company is vested in the Board
of Directors, which has the broadest power to act on behalf of the Company and accomplish or authorize all acts and transactions
of management and disposal that are within its corporate purpose and not specifically reserved in the articles of association or
by applicable law to the general shareholders&rsquo; meeting. The Company&rsquo;s articles of association provide for a Board of
Directors consisting of a minimum of three and a maximum of fifteen directors.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">As of the date hereof, the Board of Directors is composed
of the following twelve directors:</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt; width: 5%">1.</TD><TD STYLE="padding-left: -40pt; width: 95%">Simon Ayat</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">2.</TD><TD STYLE="padding-left: -40pt">Roberto Bonatti</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">3.</TD><TD STYLE="padding-left: -40pt">Carlos Condorelli</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">4.</TD><TD STYLE="padding-left: -40pt">Germ&aacute;n Cur&aacute;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">5.</TD><TD STYLE="padding-left: -40pt">Roberto Monti</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">6.</TD><TD STYLE="padding-left: -40pt">Gianfelice Mario Rocca</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">7.</TD><TD STYLE="padding-left: -40pt">Paolo Rocca</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">8.</TD><TD STYLE="padding-left: -40pt">Jaime Serra Puche</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">9.</TD><TD STYLE="padding-left: -40pt">Yves Speeckaert</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">10.</TD><TD STYLE="padding-left: -40pt">M&oacute;nica Tiuba</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">11.</TD><TD STYLE="padding-left: -40pt">Amadeo V&aacute;zquez y V&aacute;zquez</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">12.</TD><TD STYLE="padding-left: -40pt">Guillermo Vogel</TD></TR></TABLE>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Board members Ayat, Monti, Serra Puche, Speeckaert,
Tiuba and V&aacute;zquez y V&aacute;zquez qualify as independent directors both for purposes of the U.S. Securities Exchange Act
Rule 10A-3(b)(1) and under the Company&rsquo;s articles of association.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Board member Mr. V&aacute;zquez y V&aacute;zquez
announced the Company his intention to retire from the Board of Directors. Accordingly, it is proposed that the number of directors
be reduced to eleven and that all of the current directors, except for Mr. V&aacute;zquez y V&aacute;zquez, be reappointed to the
Board of Directors, each to hold office until the next annual general shareholders&rsquo; meeting that will be convened to decide
on the Company&rsquo;s 2021 annual accounts.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">Set forth below is summary biographical information
of each of the candidates:</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><U>Simon Ayat.</U> Mr. Ayat is a member of the
Board of Directors. He served as Schlumberger&rsquo;s executive vice president and chief financial officer from 2007 until early
2020 and he is currently a senior strategic advisor to the chief executive officer of Schlumberger. Mr. Ayat has held several financial
and operational positions in Schlumberger, where he commenced his career in 1982. He was based in Paris, Houston and Dallas, as
well as in the Middle East and Far East regions, serving as group treasurer, controller, Geomarket manager for Indonesia and drilling
regional vice president for Asia Pacific. Mr. Ayat is also a member of the board of directors of Liberty Oilfied Services, a leading
provider of hydraulic fracturing and wireline services to E&amp;P companies in North America, and Eurasia Drilling Company, the
largest provider of drilling services in Russia. He is a French and Lebanese citizen.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><U>Roberto Bonatti</U>. Mr. Bonatti is a member of the Board of Directors. He is a
grandson of Agostino Rocca, founder of the Techint Group, a group of companies controlled by San Faustin. Throughout his
career in the Techint Group he has been involved specifically in the engineering and construction and corporate sectors. He
was first employed by the Techint Group in 1976, as deputy resident engineer in Venezuela. In 1984, he became a director of
San Faustin, and from 2001 until 2020 he has served as its president. He is also a member of the board of directors of
Ternium. Mr. Bonatti is an Italian citizen.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; text-align: justify; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

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<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; text-align: justify; font-size: 10pt"><U>Carlos Condorelli</U>. Mr. Condorelli is a
member of the Board of Directors. He served as the Company&rsquo;s chief financial officer from October 2002 until September 2007.
He is also a board member of Ternium. He has held several positions within Tenaris, including also the chief financial officer
position in some of the principal Tenaris Group companies and member of the Company&rsquo;s audit committee between November 1,
2017 and May 2, 2018. He also served as president of the board of directors of Empresa Distribuidora La Plata S.A., an Argentine
utilities company. Mr. Condorelli is an Argentine citizen.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><U>Germ&aacute;n Cur&aacute;</U>. Mr. Cur&aacute;
is a member of the Board of Directors and also holds the position of Vice Chairman of the Board of Directors. He served as president
of our operations in North America until May 2, 2018, a position held since 2006. He was first employed by Siderca in 1988. Previously,
he served as Siderca&rsquo;s exports director, Tamsa&rsquo;s exports director and commercial director, sales and marketing manager
of our Middle East subsidiary, president of Algoma Tubes, president and chief executive officer of Maverick Tubulars and president
and chief executive officer of Hydril, director of our Oilfield Services global business unit and Tenaris commercial director.
He was also a member of the board of directors of API and currently serves as a member of the board of directors of the American
Iron and Steel Institute and of Alussa Energy LLC. He is a marine engineer from the Instituto Tecnol&oacute;gico de Buenos Aires
and an MBA graduated from the Massachusetts Institute of Technology. Mr. Cur&aacute; is an U.S. citizen.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><U>Roberto Monti</U>. Mr. Monti is a member of
the Board of Directors and of the Company&rsquo;s audit committee. He is a member of the board of directors of YPF S.A. He has
served as vice president of exploration and production of Repsol YPF and as chairman and chief executive officer of YPF. He was
also the president of Dowell, a subsidiary of Schlumberger and the president of Schlumberger wire &amp; testing division for East
Hemisphere Latin America. Mr. Monti is an Argentine citizen.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; text-align: justify; font-size: 10pt"><U>Gianfelice Mario Rocca</U>. Mr. Rocca is a
member of the Board of Directors. He is a grandson of Agostino Rocca. He is chairman of the board of directors of San Faustin,
member of the board of directors of Ternium, president of the Humanitas Group and president of the board of directors of Tenova
S.p.A. Moreover, in Italy, he is member of the board of Bocconi University, of the advisory board of Politecnico di Milano. At
international level, he is member of the Harvard Business School Advisory Board and member of the European Round Table of Industrialists.
Mr. Rocca is an Italian citizen.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><U>Paolo Rocca</U>. Mr. Rocca is the chairman of
the Board of Directors and our chief executive officer. He is a grandson of Agostino Rocca. He is also the chairman of the board
of directors of Ternium and a director and President of San Faustin. He is a member of the executive committee of the World Steel
Association. Mr. Rocca is an Italian citizen.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><U>Jaime Jos&eacute; Serra Puche</U>. Mr. Serra
Puche is a member of the Board of Directors and of the Company&rsquo;s audit committee. He is the chairman of SAI Derecho &amp;
Economia, a Mexican consulting firm, and a member of the board of directors of the Mexico Fund, Grupo Vitro, and chairman of the
board of BBVA Bancomer. Mr. Serra Puche served as Mexico&rsquo;s Undersecretary of Revenue, Secretary of Trade and Industry, and
Secretary of Finance. He led the negotiation and implementation of NAFTA. Mr. Serra Puche is a Mexican citizen.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify"><U>Yves Speeckaert</U>. Mr. Speeckaert is a member of
the Board of Directors. He served as director of KPMG Consulting in London, United Kingdom and Sao Paulo, Brazil, where he
led various high- profile engagements in the telecom, energy and agri-business industries. He was also director of structured
finance of Banca Intesa-Sanpaolo (London). Since 2010 he is a Luxembourg-based independent director of regulated investment
funds (mostly private equity, RE, and UCITS funds, as well as impact funds) and he is a member of the board of directors of
several industrial holdings. He is also active in carbon offsetting and climate change mitigation strategies with funds,
governments and corporations particularly as related to corporate environmental and social responsibility
(&ldquo;ESR&rdquo;). He is a member of the Luxembourg Institute of Administrators (&ldquo;ILA&rdquo;). He holds an MBA from
the University of California at Berkeley and a B.A. in Philosophy from the University of Louvain and is a contributing and
active member of the Alumni association of UC Berkeley. Mr. Speeckaert is a Belgian citizen.</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify"></P>

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<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><U>M&oacute;nica Tiuba</U>. Ms. Tiuba is a member
of the Board of Directors and chairperson of the Company&rsquo;s audit committee. She is a Brazilian qualified lawyer and accountant
with 20 years of professional experience in Brazil and Luxembourg. She started her career at Barbosa, Mussnich &amp; Arag&atilde;o
law firm in Rio de Janeiro, Brazil, where she practiced corporate law, M&amp;A and tax litigation. She worked in EY and PwC, in
the Brazil and Luxembourg offices, advising multinational clients, private equity houses and family offices. She gained banking
experience working as international senior wealth planner at Banque Edmond de Rothschild, in Luxembourg. She currently serves as
member of the board of directors of Investing for Development SICAV, a Luxembourg social impact fund and is a member of its Forest
and Climate Change Fund. She holds a Master of Laws in International and Comparative Law at the Vrije Universiteit Brussel, a specialization
in EU tax law from Leiden University and a Master of Laws in international taxation from Vienna University of Economics. Ms. Tiuba
is a Brazilian and Luxembourgish citizen.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><U>Guillermo Vogel</U>. Mr. Vogel is a member of
the Board of Directors and also holds the position of vice chairman of the Board of Directors. He is the chairman of G Collado
SAB de C.V. and Exportaciones IM Promoci&oacute;n S.A. de C.V., and served as president of C&aacute;mara Nacional de la Industria
del Hierro y el Acero until April 16, 2018, where he is currently a member of the Executive Commission. Mr. Vogel is also a member
of the board of directors of each of Techint, S.A. de C.V., Alfa S.A. de C.V., Banco Santander (M&eacute;xico) S.A, the Universidad
Panamericana &ndash; IPADE, Corporaci&oacute;n Mexicana de Inversiones de Capital S.A., Innovare R&amp;D S.A. de C.V. In addition,
he is a member of The Trilateral Commission and member of the International Board of The Manhattan School of Music. Mr. Vogel is
a Mexican citizen.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Board of Directors met thirteen times during
2020. On 31<SUP>st</SUP> January 2003, the Board of Directors created the Audit Committee pursuant to Article 11 of the Company&rsquo;s
articles of association, which operates under a charter which has been amended and restated by the Board of Directors on 31<SUP>st</SUP>
October 2018. As permitted under applicable laws and regulations, the Board of Directors does not have any executive, nominating
or compensation committee, or any committees exercising similar functions.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify"><B><I>Draft resolution proposed to be adopted</I></B>:
&ldquo;<I>the Annual General Meeting of Shareholders resolved to (i) reduce the number of members of the Board of Directors
to eleven; and (ii) accept Mr. V&aacute;zquez y V&aacute;zquez&rsquo;s resignation and re-appoint Mr. Simon Ayat, Mr. Roberto
Bonatti, Mr. Carlos Condorelli, Mr. Germ&aacute;n Cur&aacute;, Mr. Roberto Monti, Mr. Gianfelice Mario Rocca, Mr. Paolo
Rocca, Mr. Jaime Serra Puche, Mr. Yves Speeckaert, Ms. M&oacute;nica Tiuba and Mr. Guillermo Vogel to the Board of Directors;
each of them to hold office until the next annual general meeting of shareholders that will be convened to decide on the
Company&rsquo;s 2021 annual accounts.&rdquo;</I></P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify"><I></I></P>

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<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify"><I></I></P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify"><I></I></P>



<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify"><I></I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -40pt; width: 4%"><B>7.</B></TD>
    <TD STYLE="text-align: justify; padding-left: -40pt; width: 96%"><B>Approval of the compensation payable to the members of the Board of Directors
    for the year ending 31<SUP>st</SUP> December 2021.</B></TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify"></P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Shareholders Rights Law (as amended by the
Luxembourg law of 1&deg; August 2019, which transposed into domestic law the provisions of the EU Directive 2017/828 of the European
Parliament and of the Council of 17<SUP>th</SUP> May 2017 regarding the encouragement of long-term shareholder engagement in listed
companies within the Member States of the European Union) imposed on the Company, among others, the obligation to adopt a compensation
policy applicable to the members of the Board of Directors and the chief executive officer (the &ldquo;<U>Compensation Policy</U>&rdquo;).</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Board of Directors approved, at its meeting held on 29<SUP>th</SUP> April 2020, the
Compensation Policy of the Company, which sets forth the principles and guidelines for purposes of determining the compensation
payable to the members of the Board of Directors and the Company&rsquo;s chief executive officer. The Compensation Policy was
submitted to an advisory non-binding vote at the shareholders meeting held on 2<SUP>nd</SUP> June 2020, was approved by majority
vote, and will be submitted to the non- binding vote of the shareholders every four years, to the extent required by Luxembourg
law, or in the event of a material amendment thereto. The Compensation Policy is available to shareholders and ADR holders on
the Company&rsquo;s website at https://ir.tenaris.com/corporate-governance/annual- general-meeting.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">In accordance with the Compensation Policy, it
is proposed that each member of the Board of Directors receive an amount of US$115,000 as compensation for his/her services during
the fiscal year 2021; and it is further proposed that each of the members of the Board of Directors who are members of the Audit
Committee receive an additional fee of US$55,000 and that the Chairperson of the Audit Committee receive, further, an additional
fee of US$10,000.</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><B><I>Draft resolution proposed to be adopted</I></B><I>:
&ldquo;the Annual General Meeting of Shareholders resolved to approve that, as compensation for his/her services during the fiscal
year 2021, (i) each of the members of the Board of Directors receive an amount of US$115,000; (ii) each of the members of the Board
of Directors who are members of the Audit Committee receive an additional fee of US$55,000; and (iii) the Chairperson of the Audit
Committee receive, further, an additional fee of US$10,000</I>.&rdquo;</P>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -40pt; width: 4%"><B>8.</B></TD>
    <TD STYLE="padding-left: -40pt; width: 96%"><B>Approval of the Company&rsquo;s compensation report for the year ended 31<SUP>st
    </SUP>December 2020.</B></TD></TR>
</TABLE>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

<P STYLE="margin: 0pt 76.85pt 0pt 0pt; font-size: 10pt; font-weight: bold; text-indent: 0in"></P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Shareholders Rights Law also imposes on the
Company, among others, the obligation to prepare an annual compensation report, providing a comprehensive overview of the remuneration,
including all benefits in whatever form, awarded or due during the most recent financial year to each member of the Board of Directors
and the chief executive officer (the &ldquo;<U>Compensation Report</U>&rdquo;).</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">The Board of Directors approved, at its meeting
held on 29<SUP>th</SUP> March 2021, the Compensation Report of the Company, which reports the compensation paid or payable by the
Company, or any of its subsidiaries, to the members of the Board of Directors and to the Company&rsquo;s chief executive officer
for the performance of their duties during the year ended 31<SUP>st</SUP> December 2020. The Compensation Report, which must be
read in conjunction with the Compensation Policy, is available to shareholders and ADR holders as of the date of the Notice, as
indicated in this Shareholder Meeting Brochure and Proxy Statement.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">In accordance with the Shareholders Rights Law,
the Company submits the 2020 Compensation Report to the advisory non-binding vote at the Meeting.</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><B><I>Draft resolution proposed to be adopted</I></B>:
<I>&ldquo;the Annual General Meeting of Shareholders resolved to approve the Compensation Report of the Company, which reports
the compensation paid or payable to the members of the Board of Directors and the Company&rsquo;s chief executive officer, for
the performance of their duties during the year ended 31<SUP>st</SUP> December 2020.</I>&rdquo;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

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<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>



<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -40pt; width: 4%"><B>9.</B></TD>
    <TD STYLE="padding-left: -40pt; width: 96%"><B>Appointment of the external auditors for the fiscal year ending 31<SUP>st</SUP>
    December 2021, and approval of their fees.</B></TD></TR>
</TABLE>

<P STYLE="text-align: justify; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Pursuant to its charter, the Audit Committee is
responsible to consider and make recommendations to the Board of Directors, to be put to shareholders for approval at the Annual
General Meeting of Shareholders, regarding the appointment, re-appointment or removal of the Company&rsquo;s external auditors.
In addition, the Audit Committee is responsible to review the appropriateness and provision of permitted non-audit fees and to
review and approve any fees (whether for audit, audit-related and non-audit services) payable to the Company&rsquo;s external auditors.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">In the performance of its function, at its 3<SUP>rd</SUP>
November 2020 meeting, the Audit Committee resolved to recommend the re-appointment of PricewaterhouseCoopers <I>S.C.</I>, <I>R&eacute;viseurs
d&rsquo;entreprises agr&eacute;&eacute;</I> (&ldquo;<U>PwC</U>), as the Company&rsquo;s external auditors for the year ending 31<SUP>st</SUP>
December 2021, and resolved to request the Board of Directors to submit the Audit Committee&rsquo;s recommendation for the appointment
of PwC as the Company&rsquo;s independent registered public accounting firm for fiscal year 2021, for final approval by the Meeting.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">At its 19<SUP>th</SUP> February 2021 meeting, the
Audit Committee reviewed and approved PwC&rsquo;s fee proposal relating to audit, audit-related, tax compliance and tax advisory
services, and other non-audit services to be rendered during the fiscal year ending 31<SUP>st</SUP> December 2021, broken-down
into five currencies (Argentine Pesos, Brazilian Reais, Euro, Mexican Pesos and U.S. Dollars), up to a maximum amount for each
currency, equal to ARS 127,700,217, BRL 535,000, EUR 1,491,861, MXN 4,428,756, and US$ 687,878, authorizing management to, within
the maximum amount approved for each reference currency, reallocate such amounts to any audit or audit-related services, provided
that such reallocation is subsequently reported to the Audit Committee on a timely basis and that no reallocation is made for fees
originally allocated to audit or audit-related services of subsidiaries of the Company that are transferred to third parties, liquidated
or dissolved. Such fees will cover the audit of the Company&rsquo;s consolidated financial statements and annual accounts, the
audit of the Company&rsquo;s internal controls over financial reporting, tax compliance and tax advisory services, and other permitted
non-audit services to be rendered by the external auditors during 2021. For information purposes, the aggregate amount of fees
for all services to be rendered by the external auditors during the fiscal year ending 31<SUP>st</SUP> December 2021, is equivalent
to approximately US$ 4.2 million (based for fees in BRL, EUR and MXN, on the exchange rate between the U.S. Dollar and each applicable
reference currency as of 31<SUP>st</SUP> December 2020, and for fees in ARS, the forward exchange rate for March 2021 based on
Rofex source of January 2021). The Audit Committee resolved to request the Board of Directors to submit the described fees, for
final approval by the Meeting.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Accordingly, it is proposed that the Meeting approve
the appointment of PwC as the Company&rsquo;s external auditors for the fiscal year ending 31<SUP>st</SUP> December 2021, to be
engaged until the next annual general meeting of shareholders that will be convened to decide on the Company&rsquo;s 2021 annual
accounts, and that the Meeting approve PwC&rsquo;s fees and authorize the Audit Committee to approve any increase or reallocation
of the external auditors&rsquo; fees as may be necessary, appropriate or desirable under the circumstances.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify"><B><I>Draft resolution proposed to be
adopted</I></B><I>: &ldquo;the Annual General Meeting of Shareholders resolved to (i) appoint PricewaterhouseCoopers S.C.,
R&eacute;viseurs d&rsquo;entreprises agr&eacute;&eacute;, as the Company&rsquo;s external auditors for the fiscal year ending
31 December2021, to be engaged until the next annual general meeting of shareholders that will be convened to decide on the
Company&rsquo;s 2021 annual accounts; (ii)<FONT STYLE="font-size: 10pt"></FONT> approve the external auditors&rsquo; fees for
audit, audit-related, tax compliance and tax advisory services, and other permitted non-audit services to be rendered during
the fiscal year ending 31<SUP>st</SUP> December 2021, broken-down into five currencies (Argentine Pesos, Brazilian Reais,
Euro, Mexican Pesos and U.S. Dollars), up to a maximum amount for each currency equal to ARS 127,700,217, BRL 535,000, EUR
1,491,861, MXN 4,428,756, and US$ 687,878, and (iii) authorize the Audit Committee to approve any increase or reallocation of
the external auditors&rsquo; fees as may be necessary, appropriate or desirable under the circumstances.&rdquo;</I></P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"><I></I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -40pt; width: 4%"><B>10.</B></TD>
    <TD STYLE="text-align: justify; padding-left: -40pt; width: 96%"><B>Authorization to the Board of Directors to cause the distribution of all shareholder
    communications, including its shareholder meeting and proxy materials and annual reports to shareholders, by such electronic
    means as is permitted by any applicable laws or regulations.</B></TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"><I></I></P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">In order to expedite shareholder communications
and ensure their timely delivery, it is advisable that the Board of Directors be authorized to cause the distribution of all shareholder
communications, including its shareholder meeting and proxy materials and annual reports to shareholders (either in the form of
a separate annual report containing financial statements of the Company and its consolidated subsidiaries or in the form of an
annual report on Form 20-F or similar document, as filed with the securities authorities or stock markets) by such electronic means
as are permitted or required by any applicable laws or regulations (including any interpretations thereof), including, without
limitation, by posting such communication on the Company&rsquo;s website, or by sending electronic communications (e-mails) with
attachment(s) in a widely used format or with a hyperlink to the applicable filing by the Company on the website of the above referred
authorities or stock markets, or by any other existing or future electronic means of communication as is or may be permitted by
any applicable laws or regulations.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">Through this resolution, the Company seeks authorization
under Article 16 of the Transparency Law, to give, send or supply information (including any notice or other document) that is
required or authorized to be given, sent or supplied to a shareholder by the Company whether required under the articles of association
or by any applicable law or any other rules or regulations to which the Company may be subject, by making such information (including
any notice or other document) available on the Company&rsquo;s website or through other electronic means.</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt"><B><I>Draft resolution proposed to be adopted</I></B>:
&ldquo;<I>the Annual General Meeting of Shareholders resolved to authorize the Board of Directors to cause the distribution of
all shareholder communications, including its shareholder meeting and proxy materials and annual reports to shareholders (either
in the form of a separate annual report containing financial statements of the Company and its consolidated subsidiaries or in
the form of an annual report on Form 20-F or similar document, as filed with the securities authorities or stock markets) by such
electronic means as are permitted or required by any applicable laws or regulations (including any interpretations thereof), including,
without limitation, by posting such communication on the Company&rsquo;s website, or by sending electronic communications (e-mails)
with attachment(s) in a widely used format or with a hyperlink to the applicable filing by the Company on the website of the above
referred authorities or stock markets, or by any other existing or future electronic means of communication as is or may be permitted
by any applicable laws or regulations</I>.&rdquo;</P>

<P STYLE="text-align: justify; margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: center">* * * * *</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 274.95pt 0pt 200pt; font-size: 10pt; text-align: center"></P>

<P STYLE="margin: 0pt 274.95pt 0pt 200pt; font-size: 10pt; text-align: center"></P>

<!-- Field: Page; Sequence: 21 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 274.95pt 0pt 200pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt; font-size: 10pt">In accordance with the Shareholders&rsquo; Rights
Law, shareholders holding, individually or collectively, at least five per cent (5%) of the issued Shares will have the right to
(a) include items on the agenda for the next Annual General Meeting of Shareholders, that will be convened to decide on the Company&rsquo;s
2021 annual accounts; and (b) propose draft resolutions for the items included or to be included on the agenda for the next Annual
General Meeting of Shareholders, that will be convened to decide on the Company&rsquo;s 2021 annual accounts. To exercise such
rights, shareholders holding, individually or collectively, at least five per cent (5%) of the issued Shares, must submit a written
request to the Company not later than twenty-two days prior to the 2022 Annual General Meeting of Shareholders, satisfying the
requirements of the Shareholders&rsquo; Rights Law.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; font-weight: bold; text-align: justify">Cecilia Bilesio</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">Secretary to the Board of Directors</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 190.7pt 0pt 190.25pt"></P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: right">15</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
