Company: TNRSF
Filing Date: 2025-05-01
Form Type: 6-K
Source: 0001171843-25-002694
Chunk: 12

Company: TENARIS SA
Filing Date: 2025-05-01
Form: 6-K
Chunk 12
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     | -Unaudited                         |          |   |     |     |          |   |
| Current tax  |     |                                    | (120,341 | ) |     |     | (212,532 | ) |
| Deferred tax |     |                                    |   38,999 |   |     |     |  127,676 |   |
|              |     |                                    |  (81,342 | ) |     |     |  (84,856 | ) |

The Tenaris group of companies falls within the scope of the OECD Pillar
Two model rules. Pillar Two domestic legislation came into effect in Luxembourg, the jurisdiction in which the Company is organized as
from January 1, 2024. The group applies the exception not to recognize and disclose information about deferred tax assets and liabilities
related to Pillar Two income taxes, as provided in the amendments to IAS 12 issued in May 2023. In the three-month period ended March
31, 2025 and 2024, Tenaris recognized an estimated current tax expense related to Pillar Two, amounting to $3.6
million and $20.1 million, respectively.

| 12 |

| 10 | Dividend distribution |

On February 19, 2025, the Company’s board of directors proposed,
for the approval of the Annual General Shareholders' meeting to be held on May 6, 2025, the payment of an annual dividend of $0.83 per
outstanding share ($1.66 per ADS), which includes the interim dividend of $0.27 per outstanding share ($0.54 per ADS), paid on November
20, 2024. If the annual dividend is approved by the shareholders, a dividend of $0.56 per outstanding share ($1.12 per ADS), will be paid
on May 21, 2025, with a record date of May 20, 2025. These Consolidated Condensed Interim Financial Statements do not reflect this dividend
payable.

On April 30, 2024, the Company’s
shareholders approved an annual dividend in the amount of $0.60 per outstanding share ($1.20
per ADS). The amount approved by the shareholders included the interim dividend previously paid on November 22, 2023, in the amount of $0.20 per outstanding share ($0.40
per ADS). The balance, amounting to $0.40 per outstanding share