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Tenaris S.A.

Transaction in Own Shares Nov 18, 2023

6230_pos_2023-11-17_b62ba908-ff16-41ea-a67b-281c09dbc21d.pdf

Transaction in Own Shares

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

Weekly Report (November 13, 2023 - November 17, 2023) on the First Tranche of Tenaris Share Buyback Program

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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