Transaction in Own Shares • Nov 18, 2023
Transaction in Own Shares
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Giovanni Sardagna Tenaris 1-888-300-5432 www.tenaris.com
Luxembourg, November 17, 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 \$300 million to be executed in the open market, it has repurchased the following ordinary shares from November 13 to (and including) November 17, 2023:
| Date | Trading Venue |
Shares Purchased |
Weighted Average Price (EUR) |
Purchases in EUR | Reference FX |
Purchases in USD |
|---|---|---|---|---|---|---|
| 16-nov-23 | MTA | 606,482 | 15.8337 | 9,602,854 | 1.0866 | 10,433,981 |
| 16-nov-23 | CEUX | 285,810 | 15.8455 | 4,528,802 | 1.0866 | 4,920,770 |
| 16-nov-23 | TQEX | 29,049 | 15.7835 | 458,495 | 1.0866 | 498,178 |
| 16-nov-23 | AQXE | 28,377 | 15.7833 | 447,883 | 1.0866 | 486,647 |
| 17-nov-23 | MTA | 480,897 | 15.6019 | 7,502,892 | 1.0878 | 8,161,271 |
| 17-nov-23 | CEUX | 229,137 | 15.6017 | 3,574,934 | 1.0878 | 3,888,634 |
| 17-nov-23 | TQEX | 27,032 | 15.6068 | 421,882 | 1.0878 | 458,902 |
| 17-nov-23 | AQXE | 26,106 | 15.6080 | 407,461 | 1.0878 | 443,216 |
| 1,712,890 | 15.7308 | 26,945,203 | 29,291,599 |
From November 6, 2023 to (and including) November 17, 2023, the Company has purchased a total of 4,894,360 ordinary shares for a total consideration of €78,238,435, equivalent to USD84,282,922.
As of November 17, 2023, the Company held in treasury 4,894,360 ordinary shares equal to 0.41% 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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