Company: TNRSF
Filing Date: 2025-04-07
Form Type: 6-K
Source: 0001171843-25-002038
Chunk: 40

Company: TENARIS SA
Filing Date: 2025-04-07
Form: 6-K
Chunk 40
---
 on the items of the agenda and the draft resolutions proposed to be adopted thereon are included below:

| 1. | Approval of (a) the cancellation of 90,762,598 ordinary shares held in treasury, acquired by the Company                                
 throughout (i) the second, third and fourth tranches of the share buyback program, which ran from 6th November 2023 to 2nd              
 August 2024, and (ii) the follow-on share buyback program, which ran from 11th November 2024 to 4th March 2025,                         
 and (b) the consequential reduction of the issued share capital of the Company by an amount of US$90,762,598 so as to bring it from its 
 current amount of US$1,162,757,528 to US$1,071,994,930 represented by 1,071,994,930 ordinary shares with a nominal value of US$1.00 per 
 share.                                                                                                                                  |

On 1 November 2023, the Board of Directors approved the first
share buyback program of up to $1.2 billion with the intention to cancel the shares acquired through the program. The share buyback program
was carried out under the authority granted by the annual general meeting of shareholders held on 2 June 2020, to repurchase
up to a maximum of 10% of the Company’s shares. For purposes of carrying out each tranche of this share buyback program, the Company
entered into non-discretionary buyback agreements with primary financial institutions, which made trading decisions concerning the timing
of the purchases of the Company’s shares independently of and uninfluenced by the Company and acted in compliance with applicable
rules and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052.

The first share buyback program was divided into four tranches and ran
from 6 November 2023, to (and including) 2 August 2024. During this share buyback program, the Company repurchased
71,679,768 ordinary shares, representing 6.07% of the Company’s issued share capital at the beginning of the program, for a total
consideration of $1.2 billion. The extraordinary meeting of shareholders held on 30 April 2024, approved the cancellation
of 17,779,302 ordinary shares acquired by the Company throughout the first tranche