Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 89

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 89
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-2022       |        |     | Movements 
 2023      |        |   |     | Equity Reserve 
 Dec-2023       |       |     | Movements 
 2024      |        |   |     | Equity Reserve 
 Dec-2024       |      |   |
| Foreign Exchange & Commodities |     |                | 13,122 |     |           | (4,989 | ) |     |                | 8,133 |     |           | (8,753 | ) |     |                | (620 | ) |
| Total Cash flow Hedge          |     |                | 13,122 |     |           | (4,989 | ) |     |                | 8,133 |     |           | (8,753 | ) |     |                | (620 | ) |

Tenaris estimates that the majority of the cash flow hedge reserve corresponding to derivatives instruments at December 31, 2024 will be recycled to the Consolidated Income Statement during 2025. For information on hedge accounting reserve, see section III.D to these Consolidated Financial Statements.

| - 60 - |

| Consolidated Financial Statements                                                                           |
| For the years ended 2024, 2023 and 2022 - all amounts in thousands of U.S. dollars, unless otherwise stated |

| 27 | Contingencies, commitments and restrictions on the distribution of profits |

| (i) | Contingencies |

Tenaris is from time to time subject to various claims, lawsuits and other
legal proceedings, including customer, employee, tax and environmental-related claims, in which third parties are seeking payment for
alleged damages, reimbursement for losses, or indemnity. Management, with the assistance of legal counsel, periodically reviews the status
of each significant matter and assesses potential financial exposure.

Some of these claims, lawsuits and other legal proceedings involve highly
complex issues, and often these issues are subject to substantial uncertainties and, therefore, the probability of loss and an estimation
of damages are difficult to ascertain. Accordingly, with respect to a large portion of such claims, lawsuits and other legal proceedings,
the Company is unable to make a reliable estimate of the expected financial effect that will result from ultimate resolution of the proceeding.
In those situations, the Company has not accrued a provision for the potential outcome of these cases.

If a potential loss from a claim, lawsuit or other proceeding is considered
probable and the amount can be reasonably estimated, a provision is recorded