<SEC-DOCUMENT>0001171843-22-002389.txt : 20220405
<SEC-HEADER>0001171843-22-002389.hdr.sgml : 20220405
<ACCEPTANCE-DATETIME>20220405155017
ACCESSION NUMBER:		0001171843-22-002389
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20220401
FILED AS OF DATE:		20220405
DATE AS OF CHANGE:		20220405

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:		22806543

	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_040122.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-size: 11pt"><B>FORM 6 - K</B></FONT></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>&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: 11pt"><B>As of 1 April, 2022</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<U>__</U></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">&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 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="font-size: 10pt; text-align: justify; margin: 0pt 8.4pt 0pt 0"></P>

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

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

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

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

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

<P STYLE="margin: 0pt 0; font-size: 10pt">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 2022 and the Shareholder Meeting Brochure and Proxy
Statement.</P>

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

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

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

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

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

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

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

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Date: 1 April, 2022</FONT></P>

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

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

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

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

<P STYLE="font-size: 10pt; 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: 11pt">By: /s/ Cecilia Bilesio</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Cecilia Bilesio</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Corporate Secretary</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><FONT STYLE="font-size: 11pt"></FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><FONT STYLE="font-size: 11pt"></FONT></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt"><FONT STYLE="font-size: 11pt"></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 191.25pt 0pt 2.65in"><B>&nbsp;</B></P>

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

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

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: center">26, Boulevard Royal, 4th Floor, L-2449 Luxembourg</P>

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

<P STYLE="margin: 0pt 0 0pt -40pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><B>NOTICE OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS</B></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><B>TO BE HELD ON 3rd MAY 2022</B></P>

<P STYLE="margin: 0pt 0 0pt -40pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="margin: 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 2022, at 15:30 (Central European time) (the &ldquo;<U>Meeting</U>&rdquo;).</P>

<P STYLE="margin: 0pt 0 0pt -40pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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 0pt -40pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; color: #009900"><FONT STYLE="font-size: 11pt"><B>Agenda for the Annual General Meeting
of Shareholders</B></FONT></P>

<P STYLE="margin: 0pt 0 0pt -40pt; 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="padding-left: -20pt; width: 51.2pt"></TD><TD STYLE="padding-left: -20pt; width: 16.95pt">1.</TD><TD STYLE="padding-left: -20pt; text-align: justify; padding-right: 0pt">Consideration of (i) the Company&rsquo;s 2021 annual
                                                                                                           report containing 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 2021, and on the annual accounts as at 31<SUP>st</SUP>
                                                                                                           December 2021, and the external auditors&rsquo; reports on such consolidated financial statements and annual accounts; and (ii) the
                                                                                                           Company&rsquo;s 2021 annual sustainability report containing the non-financial statement.</TD></TR></TABLE>

<P STYLE="margin: 0pt 0 0pt -40pt; 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="padding-left: -20pt; width: 51.2pt"></TD><TD STYLE="padding-left: -20pt; width: 16.95pt">2.</TD><TD STYLE="padding-left: -20pt; text-align: justify; padding-right: 0pt">Approval of the Company&rsquo;s consolidated financial statements as of and for the
year ended 31<SUP>st</SUP> December 2021.</TD></TR></TABLE>

<P STYLE="margin: 0pt 0 0pt -40pt; 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="padding-left: -20pt; width: 51.2pt"></TD><TD STYLE="padding-left: -20pt; width: 16.95pt">3.</TD><TD STYLE="padding-left: -20pt; text-align: justify; padding-right: 0pt">Approval of the Company&rsquo;s annual accounts as at 31<SUP>st</SUP> December 2021.</TD></TR></TABLE>

<P STYLE="margin: 0pt 0 0pt -40pt; 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="padding-left: -20pt; width: 51.2pt"></TD><TD STYLE="padding-left: -20pt; width: 16.95pt">4.</TD><TD STYLE="padding-left: -20pt; text-align: justify; padding-right: 0pt">Allocation of results and approval of dividend payment for the year ended 31<SUP>st</SUP>
December 2021.</TD></TR></TABLE>

<P STYLE="margin: 0pt 0 0pt -40pt; 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="padding-left: -20pt; width: 51.2pt"></TD><TD STYLE="padding-left: -20pt; width: 16.95pt">5.</TD><TD STYLE="padding-left: -20pt; text-align: justify; padding-right: 0pt">Discharge of the members of the Board of Directors for the exercise of their mandate
throughout the year ended 31<SUP>st</SUP> December 2021.</TD></TR></TABLE>

<P STYLE="margin: 0pt 0 0pt -40pt; 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="padding-left: -20pt; width: 51.2pt"></TD><TD STYLE="padding-left: -20pt; width: 16.95pt">6.</TD><TD STYLE="padding-left: -20pt; text-align: justify; padding-right: 0pt">Election of the members of the Board of Directors.</TD></TR></TABLE>

<P STYLE="margin: 0pt 0 0pt -40pt; 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="padding-left: -20pt; width: 51.2pt"></TD><TD STYLE="padding-left: -20pt; width: 16.95pt">7.</TD><TD STYLE="padding-left: -20pt; text-align: justify; padding-right: 24.85pt">Approval of the compensation payable to the members of the Board of Directors
for the year ending 31<SUP>st</SUP> December 2022.</TD></TR></TABLE>

<P STYLE="margin: 0pt 0 0pt -40pt; 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="padding-left: -20pt; width: 51.2pt"></TD><TD STYLE="padding-left: -20pt; width: 16.95pt">8.</TD><TD STYLE="padding-left: -20pt; text-align: justify; padding-right: 0pt">Approval of the Company's compensation report for the year ended 31<SUP>st</SUP>
December 2021.</TD></TR></TABLE>

<P STYLE="margin: 0pt 0 0pt -40pt; 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="padding-left: -20pt; width: 51.2pt"></TD><TD STYLE="padding-left: -20pt; width: 16.95pt">9.</TD><TD STYLE="padding-left: -20pt; text-align: justify; padding-right: 0pt">Appointment of the external auditors for the fiscal year ending 31<SUP>st</SUP>
December 2022, and approval of their fees.</TD></TR></TABLE>

<P STYLE="margin: 0pt 0 0pt -40pt; 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="padding-left: -20pt; width: 51.2pt"></TD><TD STYLE="padding-left: -20pt; width: 16.95pt">10.</TD><TD STYLE="padding-left: -20pt; text-align: justify; padding-right: 0pt">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 0pt -40pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 17.3pt 0pt 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 17.3pt 0pt 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 17.3pt 0pt 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 17.3pt 0pt 0pt; font-size: 10pt"></P>

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<P STYLE="margin: 0pt 17.3pt 0pt 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: 11pt"><B>Holders of Shares:
procedures for voting at the Meeting</B></FONT></P>

<P STYLE="margin: 0pt 0 0pt -40pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">Due to the COVID-19 pandemic, the disease caused by the
SARS-CoV-2 virus, the Luxembourg parliament adopted a number of temporary measures on the holding of meetings in companies and other legal
entities. 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. A series of laws, including the most recent Law of 17<SUP>th</SUP> December 2021, extended the application
of such measures until 31<SUP>st</SUP> December 2022.</P>

<P STYLE="margin: 0pt 0 0pt -40pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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 0pt -40pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><B>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 2022 at 24:00 (midnight), Central European Time (the &ldquo;<U>Shareholders&rsquo;
Record Time</U>&rdquo;).</B></P>

<P STYLE="margin: 0pt 0 0pt -40pt; 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 0pt -40pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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 2022 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 0pt -40pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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 2022 AT 24:00 (MIDNIGHT), CENTRAL EUROPEAN TIME</B>.</P>

<P STYLE="margin: 0pt 24.7pt 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 24.7pt 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 24.7pt 0pt 0pt; font-size: 10pt; text-align: justify"></P>

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<P STYLE="margin: 0pt 24.7pt 0pt 0pt; font-size: 10pt; text-align: justify">&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 2021 annual report (which contains the Company&rsquo;s consolidated financial statements as of and for the year ended
31<SUP>st</SUP> December 2021, and the Company&rsquo;s annual accounts as at 31<SUP>st</SUP> December 2021, together with the external
auditors&rsquo; reports and the consolidated management report and certifications), the Company&rsquo;s 2021 sustainability report (which
contains the non-financial statement), the 2021 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 <U>ir.tenaris.com/corporate-governance/annual-general-meeting</U>
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: <U>investors@tenaris.com</U>.</I></B></P>

<P STYLE="margin: 0pt 24.7pt 0pt 0pt; font-size: 10pt; text-align: justify"><B><I><FONT STYLE="color: #0000CC">&nbsp;</FONT></I></B></P>

<P STYLE="margin: 0pt 0 0pt -40pt; font-size: 10pt"><B><I></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: <U>investors@tenaris.com</U>.</P>

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

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

<P STYLE="margin: 0pt 0 0pt 20pt; font-size: 10pt"><U>Luxembourg</U>:</P>

<P STYLE="margin: 0pt 237.45pt 0pt 20pt; font-size: 10pt">26, Boulevard Royal, 4th Floor, L-2449 Luxembourg</P>

<P STYLE="margin: 0pt 0 0pt 20pt; font-size: 10pt">Attn: Ad&eacute;lia Soares</P>

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

<P STYLE="margin: 0pt 0 0pt 20pt; font-size: 10pt"><U>Italy</U>:</P>

<P STYLE="margin: 0pt 0 0pt 20pt; font-size: 10pt">c/o Dalmine S.p.A.</P>

<P STYLE="margin: 0pt 0 0pt 20pt; font-size: 10pt">Piazza Caduti 6 luglio 1944 n. 1</P>

<P STYLE="margin: 0pt 0 0pt 20pt; font-size: 10pt">24044 Dalmine (BG)</P>

<P STYLE="margin: 0pt 0 0pt 20pt; font-size: 10pt">Attn: Marco Maria Domenico Tajana and/or Francesco Giuseppe Bettiol</P>

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

<P STYLE="margin: 0pt 0 0pt 20pt; font-size: 10pt"><U>Mexico</U>:</P>

<P STYLE="margin: 0pt 218.2pt 0pt 20pt; 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 237.65pt 0pt 20pt; font-size: 10pt">Col. Chapultepec Polanco 11560 Ciudad de M&eacute;xico</P>

<P STYLE="margin: 0pt 0 0pt 20pt; font-size: 10pt">Attn: Ulises Mart&iacute;nez Mart&iacute;nez / Carol B. Clemente Bejarano</P>

<P STYLE="margin-left: -20pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 20pt; 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 24.8pt 0pt 40pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -40pt; font-size: 10pt"></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 24.7pt 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt -40pt; font-size: 10pt"></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 24.7pt 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 24.7pt 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 24.7pt 0pt 0pt; font-size: 10pt; text-align: justify"></P>

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<P STYLE="margin: 0pt 24.7pt 0pt 0pt; font-size: 10pt; text-align: justify">&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 24.9pt 0pt 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 24.9pt 0pt 0pt; font-size: 10pt; text-align: justify"></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 (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 11<SUP>TH</SUP> APRIL 2022</B>, to any of the postal addresses
of the Company indicated above, and by sending an electronic message to the following electronic address: <U>investors@tenaris.com</U>.
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: 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: 11pt"><B>Holders of ADRs:
procedures for voting at the Meeting</B></FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; 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 2022 (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="text-align: center; margin-top: 0pt; margin-bottom: 0pt; 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 <U>ir.tenaris.com/corporate-governance/annual-general-meeting</U>. 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="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><B>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 <U>tenaris.com/en/sustainability/governance-and-ethics/</U> 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.</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; text-align: justify">On 1<SUP>st</SUP> April 2022, 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="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="margin: 0pt 0 0pt 0pt; font-size: 10pt; font-weight: bold; text-align: justify">Cecilia Bilesio</P>

<P STYLE="margin: 0pt 262.15pt 0pt 0pt; font-size: 10pt">Secretary of the Board of Directors</P>

<P STYLE="margin: 0pt 262.15pt 0pt 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 262.15pt 0pt 0pt; font-size: 10pt">1<SUP>st</SUP> April 2022</P>
<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt"></FONT></P>

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<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%"><IMG SRC="logo.jpg" ALT="" STYLE="height: 62px; width: 170px"></TD>
  <TD STYLE="text-align: right; width: 50%"><IMG SRC="logo2.jpg" ALT="" STYLE="height: 103px; width: 170px"></TD></TR>
</TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt"></FONT></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="margin: 0pt 0 0pt 0pt; font-size: 10pt">Dear Tenaris Shareholder and ADR Holder,</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">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 Tuesday 3<SUP>rd</SUP> May 2022 at
15:30 (Central European Time).</P>

<P STYLE="text-align: center; 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 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: center; 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 2021 annual report (which contains the Company&rsquo;s consolidated financial
statements as of and for the year ended 31<SUP>st</SUP> December 2021, and the Company&rsquo;s annual accounts as at 31<SUP>st</SUP>
December 2021, together with the external auditors&rsquo; reports and the consolidated management report and certifications), the Company&rsquo;s
2021 annual sustainability report (which contains the non-financial statement), the 2021 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 <U>ir.tenaris.com/corporate-governance/annual-general-meeting
</U>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: <U>investors@tenaris.com</U>.</P>

<P STYLE="text-align: center; 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 2022 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: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 101.7pt 0pt 0pt; font-size: 10pt">Please note the requirements you must satisfy to vote your shares or ADRs
at the Meeting.</P>

<P STYLE="margin: 0pt 101.7pt 0pt 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 101.7pt 0pt 0pt; font-size: 10pt">Yours sincerely,</P>

<P STYLE="margin: 0pt 101.7pt 0pt 0pt; font-size: 10pt">&nbsp;</P>

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

<P STYLE="margin: 0pt 344.6pt 0pt 0pt; font-size: 10pt">Chairman and Chief Executive Officer</P>

<P STYLE="margin: 0pt 344.6pt 0pt 0pt; font-size: 10pt">1<SUP>st</SUP> April 2022</P>

<P STYLE="margin: 0pt 344.6pt 0pt 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 344.6pt 0pt 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 344.6pt 0pt 0pt; font-size: 10pt"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 344.6pt 0pt 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: 180px; width: 800px"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 5.3pt; color: Red"></P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 23.7pt 0pt 0; color: #F47900"></P>

<P STYLE="text-align: left; font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt; color: #0080FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Tenaris
SA</FONT></P>

<P STYLE="text-align: left; font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt; color: #0080FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><U></U></FONT></P>

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

<P STYLE="text-align: left; font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt; color: #0080FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><U></U></FONT></P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18%; font-size: 10pt; font-weight: bold; text-align: left">CUSIP:</TD>
    <TD STYLE="width: 18%; font-size: 10pt; text-align: left">88031M109</TD>
    <TD STYLE="width: 18%; font-size: 10pt; text-align: left">(DTC Eligible)</TD>
    <TD STYLE="width: 18%; font-size: 10pt; font-weight: bold; text-align: left">ADS ISIN:</TD>
    <TD STYLE="width: 28%; font-size: 10pt; font-weight: bold; text-align: left">US88031M1099</TD></TR>
  </TABLE>


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

<P STYLE="margin: 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: 18%"><B>Country of Incorporation:</B></TD>
  <TD STYLE="width: 82%">Luxembourg</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, 2022</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><B>Distribution Date: </B></TD>
  <TD>March 18, 2022</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><B>ADS Record Date:</B></TD>
  <TD>April 19, 2022</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><B>Voting Deadline:</B></TD>
  <TD>April 26, 2022 at 1:00 PM EST (Eastern Standard Time)</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><B>Meeting Date:</B></TD>
  <TD>May 03, 2022 at 15:30 CET (Central European Time)</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><B>Ratio (ORD:ADS):</B></TD>
  <TD>2 : 1</TD></TR>
</TABLE>

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

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

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

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

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

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

<P STYLE="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"></P>

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

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

<P STYLE="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 2021 annual report (which contains the Company's consolidated financial statements
as of and for the year ended December 31, 2021, and the Company's annual accounts as at December 31, 2021, together with the external
auditors' reports and the consolidated management report and certifications), the Company's 2021 Sustainability Report and the Company&rsquo;s
2021 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 <U>ir.tenaris.com/corporate-governance/annual-general-meeting</U>.</P>

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

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

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

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

<P STYLE="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="font-size: 10pt; margin: 0pt 0 0pt 19.75pt; color: navy">&nbsp;</P>

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

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

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

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

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

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

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


<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 1.1in"></P>

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

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; color: #009900"><FONT STYLE="font-size: 11pt"><B>Shareholder Meeting Brochure and Proxy
Statement</B></FONT></P>

<P STYLE="margin: 0pt 0 0pt 40pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt"><B>Annual General Meeting of Shareholders to be held on 3rd May 2022</B></P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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 2022 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="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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 <U>ir.tenaris.com/corporate-governance/annual-general-meeting</U> 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: <U>investors@tenaris.com</U>.</P>

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

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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 <U>https://www.tenaris.com/en/sustainability/governance-and-ethics/</U>
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 0pt -80pt; font-size: 10pt">&nbsp;</P>

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

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">Due to the COVID-19 pandemic, the disease caused by the SARS-CoV-2
virus, the Luxembourg parliament adopted a number of temporary measures on the holding of meetings in companies and other legal
entities. 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. A series of laws, including the most recent Law of 17<SUP>th</SUP>
December 2021, extended the application of such measures until 31<SUP>st</SUP> December 2022.</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 0 0pt -80pt; font-size: 10pt"></P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><B>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 2022 at 24:00 (midnight), Central European Time (the &ldquo;<U>Shareholders&rsquo;
Record Time</U>&rdquo;).</B></P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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 2022 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="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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> APRIL2022 AT 24:00 (MIDNIGHT), CENTRAL EUROPEAN TIME</B>.</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">The AGMS Proxy Form and the Certificate of Shareholding may be obtained
free of charge from the Company&rsquo;s website at <U>ir.tenaris.com/corporate-governance/annual-general-meeting</U> 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: <U>investors@tenaris.com</U>.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</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 postal addresses indicated in the Notice,
or by electronic message to the following electronic address: <U>investors@tenaris.com</U>.</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"></P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">A shareholder who has completed and delivered to the Company the AGMS Proxy
Form, is entitled to, on a later date, (i) 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 Form 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:
<U>investors@tenaris.com</U>. No revocations or replacement of the AGMS Proxy Form shall be accepted by the Company if received after
such deadlines.</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&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 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 11<SUP>th</SUP> April 2022</B>, to any of the postal addresses of the Company indicated in the Notice,
and by sending an electronic message to the following electronic address: <U>investors@tenaris.com</U>. 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 0pt -80pt; font-size: 10pt">&nbsp;</P>

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

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

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">Holders of ADRs as of <B>19<SUP>th</SUP> April 2022</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 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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 2022, 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="margin: 0pt; font-size: 10pt; text-align: justify">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="margin: 0pt; font-size: 10pt; text-align: justify">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 0 0pt 0pt; font-size: 10pt; 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; text-align: justify">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="margin: 0pt; font-size: 10pt; text-align: justify">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">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><B>1.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Consideration of (i) the Company&rsquo;s 2021 annual report containing 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 2021, and
on the annual accounts as at 31<SUP>st</SUP> December 2021, and the external auditors&rsquo; reports on such consolidated financial statements
and annual accounts; and (ii) the Company&rsquo;s 2021 annual sustainability report containing the non-financial statement.</B></P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">The Company&rsquo;s 2021 annual report contains 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 2021, and on the Company&rsquo;s annual accounts as at 31<SUP>st</SUP> December 2021, and the external
auditors&rsquo; reports on such consolidated financial statements and annual accounts. In addition, the 2021 annual report includes 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 2021 annual report 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="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 0 0pt -80pt; font-size: 10pt"></P>

<P STYLE="margin: 0pt 0 0pt 0pt; font-size: 10pt; text-align: justify">The Company&rsquo;s 2021 annual sustainability report
contains 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, and the information required by Article 8 of Regulation (EU) 2020/852 of the European Parliament and of
the Council, supplemented by Commission Delegated Regulation (EU) 2021/2139 of 4 June 2021 and Commission Delegated Regulation (EU)
2021/2178 of 6 July 2021. The Company&acute;s 2021annual sustainability report 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="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 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 acknowledge (i) the Company&rsquo;s annual report containing 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 2021, and on the Company&rsquo;s annual accounts as at 31<SUP>st</SUP> December 2021, and the
external auditors&rsquo; reports on such consolidated financial statements and annual accounts; and (ii) the Company&rsquo;s 2021
annual sustainability report containing the non-financial statement.&rdquo;</I></P>

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

<P STYLE="margin: 0pt 73.85pt 0pt 0pt; font-size: 10pt; font-weight: bold; text-indent: 0in">2.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Approval of the Company&rsquo;s consolidated financial statements as of and for the year ended 31<SUP>st</SUP> December 2021.</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">The Company&rsquo;s consolidated financial statements
as of and for the year ended 31<SUP>st</SUP> December 2021 (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 2021 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; text-align: justify"><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 2021</I>&rdquo;.</P>

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

<P STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"> 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 Approval of the Company&rsquo;s annual accounts as at 31<SUP>st</SUP> December 2021.</P>



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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">The Company&rsquo;s annual accounts as at 31<SUP>st</SUP>
December 2021 (comprising the balance sheet, the profit and loss account and the notes to such annual accounts) are included in the Company&rsquo;s
2021 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; text-align: justify"><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
2021</I>&rdquo;.</P>

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

<P STYLE="margin: 0pt 73.85pt 0pt 0pt; font-size: 10pt; font-weight: bold; text-indent: 0in">4.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Allocation of results and approval of dividend payment for the year ended 31<FONT STYLE="font-size: 10pt">st</FONT> December 2021.</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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 2021,
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="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; font-size: 10pt; text-align: justify">Dividends may be lawfully declared and paid out of net profits,
retained earnings and distributable reserves and premiums, each as defined and calculated in accordance with 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 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; font-size: 10pt; text-align: justify">The Board of Directors proposed at its meeting held on 16<SUP>th</SUP> February
2022, that a dividend, payable in U.S. dollars, in the amount of US$0.41 per share (or US$0.82 per ADR), which represents an aggregate
sum of approximately US$484 million (the &ldquo;<U>Annual Dividend</U>&rdquo;). The Annual Dividend is proposed to include the interim
dividend of $0.13 per share ($0.26 per ADS) or approximately $153 million, paid on 24<SUP>th</SUP> November 2021 (the &ldquo;<U>Interim
Dividend</U>&rdquo;), and, accordingly, if the Annual Dividend proposal is approved, the Company will make an additional dividend payment
on 25<SUP>th</SUP> May 2022 in the amount of US$0.28 per share (or US$0.56 per ADR), or approximately US$331 million (the &ldquo;<U>Dividend
Balance</U>&rdquo;).</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">The Company&rsquo;s annual accounts as at 31<SUP>st</SUP>
December 2021, show a loss for 2021 of approximately US$ 39.9 million. However, considering the amount of the Company&rsquo;s retained
earnings and other distributable reserves and premiums, 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 2021, 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="margin: 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 (i) to approve an Annual Dividend of US$0.41 per share (or US$0.82 per ADR),
which represents an aggregate sum of approximately US$484 million, it being understood that the Annual Dividend approved pursuant to this
resolution includes the Interim Dividend of $0.13 per share ($0.26 per ADS) or approximately $153 million, paid on 24<SUP>th</SUP> November
2021 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$0.28 per share (or US$0.56 per ADR), in U.S. dollars, representing approximately US$331 million, on 25<SUP>th</SUP>
May 2022, out of the Company&rsquo;s retained earnings reserve; and (iv) that the loss of the year ended 31<SUP>st</SUP> December 2021,
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 73.75pt 0pt 0pt; font-size: 10pt; font-weight: bold; text-indent: 0in">5.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Discharge of the members of the Board of Directors for the exercise of their mandate throughout the year ended 31<SUP>st</SUP>
December 2021.</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">In accordance with the Commercial Companies Law, following
approval of the Company&rsquo;s annual accounts as at 31<SUP>st</SUP> December 2021, 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 2021, 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="margin: 0pt; font-size: 10pt; text-align: justify">It is proposed that those who were members of the Board
of Directors throughout the year ended 31<SUP>st</SUP> December 2021, 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; text-align: justify"><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 2021, from any liability in connection with the management of the Company&rsquo;s affairs during such year.&rdquo;</I></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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<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"> 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 Election of the members of the Board of Directors.</P>



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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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; font-size: 10pt; text-align: justify">As of the date hereof, the Board of Directors is composed
of eleven directors. It is proposed that the number of directors be maintained; that the current directors listed below be reappointed
to the Board of Directors and that Ms. Maria Novales-Flamarique be newly appointed to the Board of Directors, each to hold office until
the next annual general meeting of shareholders that will be convened to decide on the Company&rsquo;s 2022 annual accounts.</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">M&oacute;nica Tiuba</TD></TR><TR STYLE="vertical-align: top">
<TD STYLE="padding-left: -40pt">10.</TD><TD STYLE="padding-left: -40pt">Guillermo
Vogel</TD></TR>
                                                                                                                                                                     </TABLE>

<P STYLE="margin: 0pt 0 0pt 20pt; font-size: 10pt; text-indent: -18.05pt"></P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">Mr. Ayat, Mr. Monti, Mr. Serra Puche, a n d M s . Tiuba
qualify as independent directors for purposes of the U.S. Securities Exchange Act Rule 10A-3(b)(1) and under the Company&rsquo;s articles
of association. If appointed by the Meeting, Ms. Novales-Flamarique will also qualify as independent director 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="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

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

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><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 as
senior strategic advisor to the chief executive officer of Schlumberger until January 2022. 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. He is a French and Lebanese citizen.</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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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><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. (&ldquo;Edelap&rdquo;), an Argentine utilities company.
Mr. Condorelli is an Argentine citizen.</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><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 ( &ldquo;
AISI&rdquo;), and of Freyr S.A. 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="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><U>Maria Novales-Flamarique</U>. Ms. Novales-Flamarique
advises multinational institutions on a variety of strategic and transformational issues. Previously, she was country head for Generation
Mexico, an NGO founded by McKinsey &amp; Company, that transforms education-to-employment systems to prepare, place, and support people
into life-changing careers that would otherwise be inaccessible. She was also a partner at McKinsey &amp; Company, leading more than 50
teams advising companies in Mexico, other Latin American countries, the United States and Europe. She began her career in asset management
at Letko, Brosseau &amp; Associates in Montreal, Canada, and worked as an investment banker at Citigroup Global Markets in New York City.
She currently serves as an independent director at Scotiabank Mexico, where she is a member of the risk and talent committees. She also
sits on advisory boards at several fintech, HRtech, insurtech start-ups and venture capital funds. She holds an MBA from London Business
School, a B.A. from HEC Montreal and is a CFA Charterholder. Ms. Novales-Flamarique is a Canadian, Spanish, and U.S. citizen.</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><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 and 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 (&ldquo;ERT&rdquo;).
Mr. Rocca is an Italian citizen.</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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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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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"><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="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><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 of its Forest and Climate Change Fund and she is also a member of Freyr Battery&rsquo;s
board of directors and chairperson of the audit and risk committee. 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="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"><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 during three different periods as president of C&aacute;mara Nacional de la Industria del
Hierro y el Acero, (&ldquo;CANACERO&rdquo;), the Steel Chamber in Mexico, where he is currently a member of the Executive Commission.
He also served as vice chairman of the board of the American Iron and Steel Institute (&ldquo;AISI&rdquo;). Mr. Vogel is also a member
of the board of directors of each of Techint, S.A. de C.V., Alfa S.A.B. de C.V., Banco Santander (Mexico) 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. and Club de Industriales, A.C.
In addition, he is a member of The Trilateral Commission and member of the International Board of The Manhattan School of Music and chairman
of the US-Mexico CEO Dialogue. Mr. Vogel is a Mexican citizen.</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">In 2021, the Board of Directors met ten times and adopted
one written resolution. On 31<SUP>st</SUP> January 2003, the Board of Directors created an audit committee (the &ldquo;<U>Audit Committee</U>&rdquo;)
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 8<SUP>th</SUP> October 2021. 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="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) maintain the number of members of the Board of Directors in
eleven; (ii) 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, Ms. M&oacute;nica Tiuba and Mr. Guillermo Vogel to the
Board of Directors; and (iii) appoint Ms. Maria Novales-Flamarique; each</I></P>

<P STYLE="margin: 0pt 73.75pt 0pt 0pt; font-size: 10pt; text-align: justify"><I>of the persons re-appointed and appointed, respectively,
in (ii) and (iii) above to hold office until the next annual general meeting of shareholders that will be convened to decide on the Company&rsquo;s
2022 annual accounts</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>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 70.6pt 0pt 0pt; font-size: 10pt; font-weight: bold; text-indent: 0in">7.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Approval of the compensation payable to the members of the Board of Directors for the year ending 31<SUP>st</SUP> December 2022.</P>

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

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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, and was approved by majority vote. The
Compensation Policy 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 <U>https://ir.tenaris.com/corporate-governance/annual- general-meeting</U>.</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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
2022; 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="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 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 approve that, as compensation for his/her services during the fiscal year
2022, (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="margin: 0pt 0 0pt -80pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 78.9pt 0pt 0pt; font-size: 10pt; font-weight: bold; text-indent: 0in">8.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Approval of the Company&rsquo;s compensation report for the year ended 31<SUP>st</SUP> December 2021.</P>

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

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">The Board of Directors approved, at its meeting held on 30<SUP>th</SUP>
March 2022, 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 2021. The 2021 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="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"></P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">In accordance with the Shareholders Rights Law, the Company
submits the 2021 Compensation Report to the advisory non-binding vote at the Meeting.</P>

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

<P STYLE="margin: 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 approve the 2021 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 2021.</I>&rdquo;</P>

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

<P STYLE="margin: 0pt 73.5pt 0pt 0pt; font-size: 10pt; font-weight: bold; text-indent: 0in">9.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Appointment of the external auditors for the fiscal year ending 31<SUP>st</SUP> December 2022, and approval of their fees.</P>

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

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">In the performance of its function, at its 2<SUP>nd</SUP>
November 2021 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 2022, 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 2022, for final approval by the Meeting.</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">At its 15<SUP>th</SUP> February 2022 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 2022, broken-down by billing currency (Argentine
Pesos, Brazilian Reais, Euro, Mexican Pesos and U.S. Dollars), up to a maximum amount for each currency, equal to ARS212,239,747, BRL589,570,
EUR1,644,693, MXN5,328,734, and US$596,273, authorizing management to, within the maximum amount approved for each reference currency,
reallocate such amounts to any audit or audit-related services, provided that such reallocation is subsequently reported to the Audit
Committee on a timely basis and that no reallocation is made for fees originally allocated to audit or audit-related services of subsidiaries
of the Company that are transferred to third parties, liquidated or dissolved. Such fees will cover the audit of the Company&rsquo;s consolidated
financial statements and annual accounts, the audit of the Company&rsquo;s internal controls over financial reporting, tax compliance
and tax advisory services, and other permitted non-audit services to be rendered by the external auditors during 2022. For information
purposes, the aggregate amount of fees for all services to be rendered by the external auditors during the fiscal year ending 31<SUP>st</SUP>
December 2022, is equivalent to approximately US$ 4.5 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 2021, and for fees in ARS, the estimated exchange rate of
the billing date based on Rofex source of January 2022). The Audit Committee resolved to request the Board of Directors to submit the
described fees, for final approval by the Meeting.</P>

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

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">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 2022, to be engaged until the next
annual general meeting of shareholders that will be convened to decide on the Company&rsquo;s 2022 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"></P>

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

<P STYLE="margin: 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)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp; </FONT>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<SUP>st </SUP>December 2022, to be engaged until the next annual general meeting of shareholders that will
be convened to decide on the Company&rsquo;s 2022 annual accounts; (ii)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp; </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 2022, broken-down by billing currency (Argentine
Pesos, Brazilian Reais, Euro, Mexican Pesos and U.S. Dollars), up to a maximum amount for each currency equal to ARS212,239,747,
BRL589,570, EUR1,644,693, MXN5,328,734, and US$596,273, 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; font-size: 10pt; text-align: justify"><B>10.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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></P>

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

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

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

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

<P STYLE="margin: 0pt 77.2pt 0pt 20pt; font-size: 10pt; text-align: center">* * * * *</P>

<P STYLE="margin: 0pt 0 0pt -80pt; font-size: 10pt">&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 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 2022 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 2022 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 2023 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="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt"></FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">15</FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><FONT STYLE="font-size: 11pt"></FONT></P>

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