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Tenaris S.A.

Transaction in Own Shares Dec 3, 2023

6230_pos_2023-12-03_e869fb28-da6a-4ab6-9fc4-58982e85d439.pdf

Transaction in Own Shares

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

Weekly Report (November 27, 2023 – December 1, 2023) on the First Tranche of Tenaris Share Buyback Program

Luxembourg, December 1, 2023. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") announced today that pursuant to its First Tranche of the Share Buyback Program announced on November 5, 2023, covering up to US\$300 million to be executed in the open market, it has repurchased the following ordinary shares from November 27 to (and including) December 1, 2023:

Date Trading
Venue
Shares
Purchased
Weighted
Average Price
(EUR)
Purchases in EUR Reference
FX
Purchases in
USD
27-nov-23 MTA 234,272 15.4777 3,625,992 1.0940 3,966,835
27-nov-23 CEUX 281,868 15.4780 4,362,753 1.0940 4,772,852
27-nov-23 TQEX 28,694 15.4780 444,126 1.0940 485,874
27-nov-23 AQXE 28,377 15.4777 439,211 1.0940 480,496
28-nov-23 MTA 260,139 15.4057 4,007,623 1.0933 4,381,535
28-nov-23 CEUX 240,233 15.4065 3,701,150 1.0933 4,046,467
28-nov-23 TQEX 24,750 15.4086 381,363 1.0933 416,944
28-nov-23 AQXE 24,329 15.4075 374,849 1.0933 409,822
29-nov-23 MTA 606,482 15.3695 9,321,325 1.0981 10,235,747
29-nov-23 CEUX 285,810 15.3718 4,393,414 1.0981 4,824,408
29-nov-23 TQEX 29,562 15.3722 454,433 1.0981 499,013
29-nov-23 AQXE 28,377 15.3724 436,223 1.0981 479,016
2,072,893 15.4096 31,942,461 34,999,009

From November 6, 2023 to (and including) December 1, 2023, the Company has purchased a total of 8,940,855 ordinary shares for a total consideration of €140,733,370, equivalent to US\$152,691,963.

As of December 1, 2023, the Company held in treasury 8,940,855 ordinary shares equal to 0.76% of the total issued share capital.

Tenaris intends to cancel all shares purchased under the Program in due course.

Details of the above transactions, are available on Tenaris's corporate website under the Share Buyback Program Section https://ir.tenaris.com/share-buyback-program.

Some of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies.

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

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