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Tenaris S.A.

Transaction in Own Shares Dec 20, 2024

6230_pos_2024-12-20_c8ae961d-af98-49ba-9093-9879e4f9a931.pdf

Transaction in Own Shares

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

Weekly Report (December 16, 2024 – December 20, 2024) on the USD 700 million Tenaris Share Buyback Program.

Luxembourg, December 20, 2024. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") announced today that pursuant to its up to USD 700 million Share Buyback Program announced on November 10, 2024, (subject to a maximum of 46,373,915 ordinary shares), to be executed in the open market, it has repurchased the following ordinary shares from December 16, 2024 to (and including) December 20, 2024:

Date Trading
Venue
Shares
Purchased
Weighted
Average Price
(EUR)
Purchases in EUR Reference
FX
Purchases in USD
16-dic-24 MTAA 334,492 18.3334 6,132,376 1.0506 6,442,674
17-dic-24 MTAA 863,754 18.1048 15,638,093 1.0498 16,416,870
17-dic-24 CEUX 416,987 18.1029 7,548,674 1.0498 7,924,598
17-dic-24 TQEX 70,000 18.1055 1,267,385 1.0498 1,330,501
17-dic-24 AQEU 60,000 18.1055 1,086,330 1.0498 1,140,429
18-dic-24 MTAA 100,000 18.1838 1,818,380 1.0472 1,904,208
19-dic-24 MTAA 583,779 18.0333 10,527,462 1.0379 10,926,453
19-dic-24 CEUX 200,000 18.0313 3,606,260 1.0379 3,742,937
20-dic-24 MTAA 664,000 17.8366 11,843,502 1.0398 12,314,282
20-dic-24 CEUX 259,023 17.8144 4,614,339 1.0398 4,797,759
20-dic-24 TQEX 43,385 17.8092 772,652 1.0398 803,365
20-dic-24 AQEU 37,417 17.8390 667,482 1.0398 694,014
3,632,837 18.0363 65,522,936 68,438,090

From December 16, 2024 to (and including) December 20, 2024, the Company has purchased a total of 3,632,837 ordinary shares for a total consideration of €65,522,936, equivalent to USD68,438,090.

As of December 20, 2024, the Company held in treasury 77,416,706 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 6.66% of the total issued share capital.

Tenaris intends to cancel treasury shares purchased under the Programs 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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