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

Company: TENARIS SA
Filing Date: 2025-04-07
Form: 6-K
Chunk 25
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 Company has distributable amounts that exceed the Annual Dividend. It is proposed
that the profit of the year ended 31 December 2024 be allocated to the Company’s retained earnings account, with both
the Interim Dividend and the Dividend Balance being paid out of the Company’s retained earnings account.

Draft resolution proposed to be adopted: “the Annual General Meeting of Shareholders resolved (i) to approve an Annual Dividend of US$0.83 per share (or US$1.66 per ADR), which represents an aggregate sum of approximately US$0.9 billion, it being understood that the Annual Dividend approved pursuant to this resolution includes the Interim Dividend of $0.27 per share ($0.54 per ADR) or approximately $0.3 billion, paid on 20 thNovember 2024, out of the Company’s retained earnings account; (ii) to authorize the Board of Directors to determine or amend, in its discretion, the terms and conditions of the Dividend Balance so approved, including the applicable record date, (iii) to pay the Dividend Balance so approved, in the amount of US$0.56 per share (or US$1.12 per ADR), in U.S. dollars, representing approximately US$0.6 billion, on 21 stMay 2025, out of the Company’s retained earnings reserve; and (iv) that the profit of the year ended 31 stDecember 2024, be allocated to the Company’s retained earnings account, with both the Interim Dividend and the Dividend Balance being paid out of the Company’s retained earnings account”.

5. Discharge of the members of the Board of Directors for the exercise of their mandate throughout the year ended 31 stDecember 2024.

In accordance with the Commercial Companies Law, following approval of
the Company’s annual accounts as at 31 December 2024, the Annual General Meeting of Shareholders must vote as to whether
those who were members of the Board of Directors throughout the year ended 31 December 2024, are discharged from any liability
in connection with the management of the Company’s affairs during such year.

It is proposed that those who were members of the Board of Directors throughout
the year ended 31 December 2024, be discharged from any liability in connection with the management of the Company’s
affairs during such year.

Draft resolution proposed to be adopted: “the Annual General Meeting of Shareholders resolved to discharge all those