Company: TNRSF
Filing Date: 2025-04-07
Form Type: 6-K
Source: 0001171843-25-002038
Chunk: 43

Company: TENARIS SA
Filing Date: 2025-04-07
Form: 6-K
Chunk 43
---
 of the date of the publication in the RESA of the deed  
 recording the minutes of such meeting, to waive, suppress or limit any pre-emptive subscription rights of shareholders provided for by    
 law to the extent it deems such waiver, suppression or limitation advisable for any issue or issues of shares within the authorized share 
 capital; waiver of any pre-emptive subscription rights provided for by law and related procedures;                                        |

| d. | the decision that any issuance of shares for cash within the limits of the authorized share capital                                
 shall be subject by provision of the Company’s articles of association to the pre-emptive subscription rights of the then existing 
 shareholders, except in the following cases (in which cases no pre-emptive rights shall apply):                                    |

| i. | any issuance of shares (including, without limitation, the direct issuance of shares or upon the exercise                                
 of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares) against a contribution other 
 than in cash; and                                                                                                                        |

| ii. | any issuance of shares (including by way of free shares or at discount), up to an amount of 1.5% of                                     
 the issued share capital of the Company, to directors, officers, agents, employees of the Company, its direct or indirect subsidiaries, 
 or its affiliates (collectively, the “Beneficiaries”), including without limitation the direct issuance of shares or upon               
 the exercise of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares issued for the  
 purpose of compensation or incentive of the Beneficiaries or in relation thereto (which the Board of Directors shall be authorized to   
 issue upon such terms and conditions as it deems fit); and                                                                              |

| 22 |

| e. | the acknowledgement and approval of the report of the Board of Directors in relation with the authorized                                   
 share capital and the proposed authorizations to the Board of Directors with respect to any issuance of shares within the authorized share 
 capital while suppressing any pre-emptive subscription rights of existing shareholders under law and related waiver.                       |

Pursuant to the Company’s articles of association, the Board of Directors
is authorized for a period of five years to issue shares within the limits of the authorized share capital without shareholder approval,
and any such issuances of shares may be made without reserving preferential subscription rights to the Company’s existing shareholders
in certain cases (i.e., shares issued for consideration other than cash, shares issued as compensation