Company: TNRSF
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001171843-25-004943
Chunk: 31

Company: TENARIS SA
Filing Date: 2025-08-01
Form: 6-K
Chunk 31
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. On May 26, 2022,
the first-instance court dismissed the case brought by the public prosecutor against the defendants for lack of jurisdiction and stated
that the criminal proceeding should not have been initiated. On February 22, 2024, the court of appeals referred the case to the court
of cassation, which, on May 23, 2024, confirmed the decision of the first-instance court and closed the case.

In June 2020, the Brazilian public prosecutors’ office requested
the indictment of several individuals, including three executives or former executives of Confab and a former agent of Confab, charging
them with the alleged crimes of corruption in relation to contracts executed between 2007 and 2010, and money laundering in relation to
payments between 2009 and 2013. On December 11, 2024, the Confab executives were acquitted. The acquittal has already been appealed, so
the criminal proceedings continue to be underway. Neither the Company nor Confab is a party to these criminal proceedings.

In addition, Petrobras and the Brazilian public prosecutors filed civil
claims for alleged damages arising from the same event against, among others, Confab and the Confab executives named in the criminal proceedings
referred to above.

The plaintiffs also seek that Confab be prohibited from contracting with,
or receiving benefits or exemptions from, the Brazilian state for an unspecified term. Confab became aware of these civil claims in September
2022 and filed its defense in February 2025, among other things, requesting the suspension of the case until a final decision is made
on the jurisdiction and the dismissal on the merits of the claims made by Petrobras and the public prosecutors. As of June 30, 2025,
the aggregate amount of these claims was estimated at BRL199.1 million (or approximately $36.5 million). Confab believes these claims
do not address either the defence arguments or the evidence available to the plaintiffs in Brazil and presented in other jurisdictions
and is vigorously contesting them. At this stage, the Company, based on the advice of legal counsel, cannot predict the outcome of these
civil proceedings.

| 21 |

In late March 2024, the Company became aware of a resolution of Brazil’s
General Controllers Office (“Controladoria-Geral da União or CGU”), which opened administrative responsibility
proceedings against Confab and other non-Tenaris affiliates and formed an investigative commission charged with investigating purported
irregularities