Tenaris S.A.

Legal Proceedings Report • Feb 14, 2020

Informazione Regolamentata n. 0602-3-2020		Data/Ora Ricezione 14 Febbraio 2020 23:41:57	MTA
Societa'	:	TENARIS
Identificativo Informazione Regolamentata	:	127695
Nome utilizzatore	:	TENARISN02 - Sardagna
Tipologia	:	REGEM
Data/Ora Ricezione	:	14 Febbraio 2020 23:41:57
Data/Ora Inizio Diffusione presunta	:	14 Febbraio 2020 23:41:58
Oggetto	:	Tenaris's Board of Directors Provides Full Support to its Chairman and Chief Executive Officer and two other Directors
Testo del comunicato

Vedi allegato.

Giovanni Sardagna Tenaris 1-888-300-5432 www.tenaris.com

Tenaris's Board of Directors Provides Full Support to its Chairman and Chief Executive Officer and two other Directors

Luxembourg, February 14, 2020 – Tenaris S.A. (NYSE, Mexico: TS and MTA Italy: TEN) today issued the following statement:

Tenaris has been advised that the Italian court overseeing the investigation into alleged improper payments made in Brazil for the supposed benefit of Confab Industrial S.A., a Brazilian subsidiary of the Company, has decided to move the case to trial. The case involves Chairman and Chief Executive Officer Paolo Rocca and Board members Gianfelice Rocca and Roberto Bonatti, and the Company's controlling shareholder, San Faustin S.A.

The Company's outside counsel previously reviewed the Italian prosecutors' investigative file and has informed the Board that neither that file nor this magistrate's decision sets forth evidence of involvement by any of the three directors in the alleged wrongdoing. Accordingly, the Board has concluded that no particular action is warranted at the present time, other than inviting the referred board members to continue discharging their respective responsibilities with the full support of the Board.

Tenaris is a leading global supplier of steel tubes and related services for the world's energy industry and certain other industrial applications.