Company: TNRSF
Filing Date: 2025-04-07
Form Type: 6-K
Source: 0001171843-25-002038
Chunk: 21

Company: TENARIS SA
Filing Date: 2025-04-07
Form: 6-K
Chunk 21
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 of 22 ndApril 2025 (the “ ADR Holders’ Record Date”) are entitled to instruct the Depositary as to the exercise of the voting rights in respect
of the Shares underlying such holder’s ADRs. Only those ADR holders of record as of the ADR Holders’ Record Date will be entitled
to provide the Depositary with voting instructions.

Any eligible ADR holder who wishes to give voting instructions in respect
of the Shares underlying its ADRs must follow the instructions and meet the deadlines set forth in the voting instructions and voting
cards. If the Depositary receives proper instructions by 29 thApril 2025, at 1:00 pm (Eastern Standard Time), with respect
to ADR holders giving instructions through a written proxy card, internet or telephone, then the Depositary shall vote, or cause to be
voted, the Shares underlying such holder’s ADRs in the manner prescribed by the instructions. However, if by the above referred
deadlines, the Depositary receives no instructions from the ADR holder, then the Depositary shall deem such ADR holder to have instructed
the Depositary to vote the Shares underlying its ADRs in favor of any proposals or recommendations of the Company (including any recommendation
by the Company to vote such underlying Shares on any given issue in accordance with the majority shareholder vote on that issue) and,
for these purposes, the Depositary shall issue a proxy to a person appointed by the Company to vote the Shares underlying such holder’s
ADRs in favor of any such proposals or recommendations. No instruction shall be deemed given, and no proxy shall be given, with respect
to any matter as to which the Company informs the Depositary that (i) it does not wish such proxy to be given, (ii) it has knowledge that
substantial opposition exists with respect to the action to be taken at the Meetings, or (iii) the matter materially and adversely affects
the rights of the holders of ADRs.

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Any holder of ADRs entitled to provide the Depositary with voting instructions
in respect of the Shares underlying its ADRs, is also entitled to revoke any instructions previously given to the Depositary by filing
with the Depositary a written revocation or submitting new instructions on a later date, in each case, at any time prior to the above
referred deadline. No instructions, revocations or revisions thereof shall be accepted by the Depositary after such deadline.

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