Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 10

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 10
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 financial instruments (note III.B) and property title ownership restriction (note IV.28).
During the year there were no significant changes in the material accounting estimates and judgements.

| (1) | Accounting pronouncements applicable as from January 1, 2024 |

Accounting pronouncements that became effective during 2024 have no material
effect on the Company’s financial condition or results of operations.

The following amendments became effective as at 1 January 2024:

| § | Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants - Amendments 
 to IAS 1.                                                                                                       |

| § | Lease Liability in a Sale and Leaseback – Amendments to IFRS 16. |

| § | Disclosures: Supplier Finance Arrangements - Amendments to IAS 7 and IFRS 7. |

| - 10 - |

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

| (2) | New accounting pronouncements not applicable as of December 31, 2024 |

Amendments to IAS 21 – Lack of Exchangeability

In August, 2023, the IASB published “Lack of Exchangeability (Amendments
to IAS 21)” with new guidance to determine when a currency is exchangeable or not, and how to determine the exchange rate to apply
when a currency is not exchangeable. The amendments also require the disclosure of additional information when a currency is not exchangeable.

The amendments are effective for annual periods beginning on or after January
1, 2025 with early adoption permitted and without retrospective application.

The Company does not expect these amendments to have a material impact
on its operations or financial statements.

IFRS 18 - Presentation and Disclosures in Financial Statements

In April 2024, the IASB published IFRS 18, that will replace IAS 1 “Presentation
of financial statements”. IFRS 18 introduces new requirements that will help to achieve comparability of the financial performance
of similar entities and provide more relevant information and transparency to users. Even though IFRS 18 will not impact the recognition
or measurement of items in the financial statements, its impacts on presentation and disclosure are expected to be extensive, in particular
those related to the income statement, statement of financial position, statement of cash flows and the inclusion