<SEC-DOCUMENT>0001171843-25-002888.txt : 20250507
<SEC-HEADER>0001171843-25-002888.hdr.sgml : 20250507
<ACCEPTANCE-DATETIME>20250507135920
ACCESSION NUMBER:		0001171843-25-002888
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250506
FILED AS OF DATE:		20250507
DATE AS OF CHANGE:		20250507

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TENARIS SA
		CENTRAL INDEX KEY:			0001190723
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31518
		FILM NUMBER:		25920600

	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_050725.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 14pt Arial Rounded MT Bold,sans-serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FORM
6 - K</B></FONT></P>

<P STYLE="font: 13pt Courier \(W1\); margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 13pt Courier \(W1\); margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 13pt Courier \(W1\); margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Report
of Foreign Private Issuer</B></FONT></P>

<P STYLE="font: 12pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Pursuant
to Rule 13a - 16 or 15d - 16 of</B></FONT></P>

<P STYLE="font: 12pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>the
Securities Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 15pt Book Antiqua, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>As
of May 6, 2025</B></FONT></P>

<P STYLE="font: 15pt Book Antiqua, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TENARIS,
S.A.</B></FONT></P>

<P STYLE="font: 12pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Translation
of Registrant's name into English)</FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Garamond, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">26,
Boulevard Royal, 4th floor</FONT></P>

<P STYLE="font: 12pt Garamond, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">L-2449
Luxembourg</FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address
of principal executive offices)</FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Book Antiqua, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 2.45pt 0 0; text-align: center; text-indent: 21.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form
20-F </FONT> <FONT STYLE="font-family: Symbol; font-size: 10pt; font-style: normal; font-weight: 400; text-transform: none; letter-spacing: normal; word-spacing: 0px"><U>
&#214;</U></FONT><U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: 400; text-decoration-style: initial; text-transform: none; letter-spacing: normal; word-spacing: 0px">&#8239;</FONT></U><U> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
&#8239;Form 40-F <FONT STYLE="font-style: normal; font-weight: 400; text-decoration-style: initial; text-transform: none; letter-spacing: normal; word-spacing: 0px">___</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 1; Options: NewSection -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; 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 Press Release announcing Shareholders approve all resolutions
on the agendas of Tenaris&rsquo;s Annual General Meeting and Extraordinary General Meeting of Shareholders.</FONT></P>

<P STYLE="font: bold 14pt/14pt Frutiger 65; margin: 0 0 12pt; text-align: justify; color: #009900"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 14pt/14pt Frutiger 65; margin: 0; color: #009900"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: center; font: 16pt/14pt Book Antiqua, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIGNATURE</FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 15pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.</FONT></P>

<P STYLE="font: 15pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 15pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:
May 6, 2025</FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 16pt/14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tenaris,
S.A.</FONT></P>

<P STYLE="font: 16pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 16pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:
/s/ Giovanni Sardagna&#9;</FONT></P>

<P STYLE="font: 16pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Giovanni
Sardagna</FONT></P>

<P STYLE="font: 16pt/14pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investor
Relations Officer</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: center; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><IMG SRC="header.jpg" ALT="" STYLE="height: 68px; width: 877px"></FONT></P>

<P STYLE="font: 10pt Frutiger 45 Light,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Frutiger 45 Light,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; color: silver"><FONT STYLE="font-size: 10pt; color: #999999">Giovanni Sardagna</FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; color: silver"><FONT STYLE="font-size: 10pt; color: #999999">Tenaris</FONT></P>




<P STYLE="font: 10pt Sabon MT,serif; margin: 0; color: silver"><FONT STYLE="font-size: 10pt; color: #999999">1-888-300-5432</FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; color: silver"><FONT STYLE="font-size: 10pt; color: #999999">www.tenaris.com</FONT></P>

<P STYLE="font: 10pt Frutiger 65 Bold,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Frutiger 65 Bold,sans-serif; margin: 0; text-align: justify; color: #009900"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">Shareholders
approve all resolutions on the agendas of Tenaris&rsquo;s Annual General Meeting and Extraordinary General Meeting of Shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Luxembourg,
May 6, 2025</B> - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) announced that its annual general meeting of shareholders and
extraordinary general meeting of shareholders, both held on May 6, 2025, approved all resolutions on their agendas.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT>Among other
resolutions adopted at the annual general meeting, shareholders acknowledged the Company&rsquo;s consolidated annual report for the year
ended 31<SUP>st</SUP> December 2024, which includes the consolidated management report containing the financial and non-financial information
required by applicable law, and the related management certifications and external auditors&rsquo; reports on the 2024 consolidated financial
statements, annual accounts and sustainability statement. The shareholders also approved the consolidated financial statements as of
and for the year ended December 31, 2024, and the annual accounts as at December 31, 2024.</P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
shareholders also approved an annual dividend of US$0.83 per share (or US$1.66 per ADR), which represents an aggregate sum of approximately
US$0.9 billion, and which includes the interim dividend of US$0.27 per share (US$0.54 per ADR), or approximately US$0.3 billion, paid
in November 2024. Tenaris will pay the balance of the annual dividend in the amount of US$0.56 per share entitled to dividends (or US$1.12
per ADR), in U.S. dollars, which represents approximately US$0.6 billion, on May 21<SUP>st</SUP>, 2025; with a record date of May 20<SUP>th</SUP>,
2025, and an ex-dividend date of May 19<SUP>th</SUP>, 2025 for securities listed in Europe and Mexico and an ex-dividend of May 20<SUP>th</SUP>,
2025 for securities listed in the United States.</FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
annual meeting resolved to maintain the number of directors at eleven and re-appoint Mr. Simon Ayat, Mr. Roberto Bonatti, Mr. Carlos
Condorelli, Mr. Germ&aacute;n Cur&aacute;, Ms. Molly Montgomery, Ms. Maria Novales-Flamarique, Mr. Gianfelice Mario Rocca, Mr. Paolo
Rocca, Mr. Jaime Serra Puche, Ms. Monica Tiuba and Mr. Guillermo Vogel to the Board of Directors. All board members will hold office
until the meeting that will be convened to decide on the 2025 annual accounts. In a subsequent meeting, the board of directors re-elected
Mr. Simon Ayat, Mr. Jaime Serra Puche and Ms. Monica Tiuba as audit committee members, with Ms. Tiuba continuing to serve as the committee&rsquo;s
chair. All members of the audit committee 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.</FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, the annual general meeting approved the compensation payable to the members of the Board for the year ending December 31, 2025,
and the Compensation Report for the year 2024. The <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">shareholders
appointed Forvis Mazars, <I>Cabinet de r&eacute;vision agre&eacute;</I>, as the Company&rsquo;s statutory auditor for the fiscal year
ending December 31, 2025, and approved their corresponding fees for audit and audit-related services.</FONT></FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 3; Options: NewSection -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finally,
the annual meeting renewed the authorization to purchase, acquire or receive, from time to time, Company shares, including shares represented
by ADRs, on such terms and conditions as may be approved by the board of directors within the limit of the shareholders&rsquo; authorization.</FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
extraordinary general meeting of shareholders held immediately after the annual general meeting, resolved to approve the cancellation
of 90,762,598 ordinary shares held in treasury by the Company acquired throughout the share buyback programs and resolved to approve
the corresponding reduction of the issued share capital. As a result, effective May 6, 2025, the share capital of the Company is reduced
from US$1,162,757,528 (represented by 1,162,757,528 shares with a par value of US$1 per share) to US$1,071,994,930 (represented by 1,071,994,930
shares with a par value of US$1 per share). In addition, the extraordinary general meeting of shareholders resolved to renew the validity
period of the authorized unissued share capital, and granted related authorizations and waivers, including to suppress or limit pre-emptive
subscription rights by the existing shareholders.&nbsp; The extraordinary meeting also approved the corresponding amendments to article
5 of the articles of association to reflect the adopted resolutions.</FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Copies
of the minutes of the annual general meeting and extraordinary general meeting, and a copy of the amended articles of association can
be downloaded from Tenaris&rsquo;s website at <FONT STYLE="color: Black"><U>ir.tenaris.com/corporate-governance/annual-general-meeting</U>.</FONT></FONT></P>

<P STYLE="font: 10pt Sabon MT,serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Sabon MT It,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Tenaris
is a leading global supplier of steel tubes and related services for the world&rsquo;s energy industry and certain other industrial applications.</I></FONT></P>

<P STYLE="font: 10pt Sabon MT It,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Sabon MT It,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Sabon MT It,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Sabon MT It,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I></I></FONT></P>

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

<P STYLE="font: 10pt Sabon MT It,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>header.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 header.jpg
M_]C_X  02D9)1@ ! 0$ E@"6  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !3!#4# 2(  A$! Q$!_\0
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MQCL/'4_Q'U=]'^,?A;PMIQ\KRM)U&&W:>#]TN=Q>,GDY89/0BN+_ +*^)O\
MT<)X(_\  >T_^-5JO^O,WYJUOR.=YM@J;Y)X.M)K1M3IV?FKZV?2^I[_ /\
M#47PM_Z&ZS_[X?\ ^)H_X:B^%O\ T-UG_P!\/_\ $UX!_97Q-_Z.$\$?^ ]I
M_P#&J/[*^)O_ $<)X(_\![3_ .-4_P#N!/\ #_(7]LX#_H"K?^!TCW__ (:B
M^%O_ $-UG_WP_P#\31_PU%\+?^ANL_\ OA__ (FO /[*^)O_ $<)X(_\![3_
M .-4?V5\3?\ HX3P1_X#VG_QJC_N!/\ #_(/[9P'_0%6_P# Z1],>$?CCX'\
M=ZVFD:#XAM]1U%XVE$$:L"57[QY Z9KO*^;/@98^-;?XA0-KGQ;\,^,+#[-+
MNTO2XH%G9L##@I&IPO?GO7TG6<M_@<?)[FT,32Q2]I1I2IKM-Q;];QTL%%%%
M26%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 ?%/[0G_!/J_P#C9\8->\:0
M^,+72XM3\C%I):EV3RX4CY.><[,_C7G7_#J;4_\ HH%G_P" 3?XUS/[8_BK6
M]-_:.\76]GK6HVENAM=L,%W(B+FVB)PH.!S7C'_"<^)/^ABU;_P.E_\ BJ[H
M\6YAAHJA"6D=%HMEIV/R?&YW@:6*JTYX=MJ33?-O9[GT;_PZFU/_ **!9_\
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M%/\ L%-_Z.>@#V+X9_MX>%_'.M7MKJNE2^%K&TLWNY+^^ND9/E*C8 .2Q+<
M56B_;\\,ZUXWTKP_H'A_4+^*_O8K1=0N&6%,.X7<$/S=\\U^>VEZ5>:YJ-M8
M:?:2WU]<.(X;>!"SR,>@ KZ2^$7[&GQ0M_&?AO7=0TJTTJQLK^"ZF2ZNP)@J
MN&("*#SQZT ?1?[1G[3OASX.>/+;0]6\$CQ%=2V$=V+O]U\JL[J$^<$\%"?Q
MI_[.?[3?ASXR>-[O1=)\%#PY<PV;7+77[KYE# ;?D /?-?.G_!0W_DN>F_\
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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M8[75(# 9&/15)X)]J]LKYC_;?^&GARY^#FH>)8["VT_7-)DCEMKVWC$<C$L
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M_P#1ST <1^PI9Q7?[0VER2*&:WL[F2//9MFW/Y$U^G ZU^9W[!G_ "<%:?\
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MV"LU[)J=L(@@R<^:IS^ !/X4 ?LX*6FKG R<G')]:=0 4444 %%%% !1110
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
H* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** /_V0$!

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