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Tenaris S.A.

Transaction in Own Shares May 27, 2024

6230_pos_2024-05-27_dca7d660-8dd0-440c-90bf-7a71cacd0292.pdf

Transaction in Own Shares

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

Weekly Report (May 20, 2024 - May 24, 2024) on the Third Tranche of Tenaris Share Buyback Program

Luxembourg, May 25, 2024. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") announced today that pursuant to its Third Tranche of the Share Buyback Program announced on May 12, 2024, covering up to \$300 million to be executed in the open market, it has repurchased the following ordinary shares from May 20 to (and including) May 24, 2024:

Date Trading
Venue
Shares Purchased Weighted Average
Price (EUR)
Purchases in
EUR
Reference
FX
Purchases in
USD
20-May-2024 CEUX 313,000 15.8419 4,958,515 1.0866 5,387,922
20-May-2024 MTAA 679,000 15.8420 10,756,718 1.0866 11,688,250
20-May-2024 TQEX 53,000 15.8414 839,594 1.0866 912,303
21-May-2024 CEUX 307,400 15.8958 4,886,369 1.0860 5,306,597
21-May-2024 MTAA 679,200 15.8962 10,796,699 1.0860 11,725,215
21-May-2024 TQEX 51,500 15.8937 818,526 1.0860 888,919
22-May-2024 CEUX 317,000 15.7659 4,997,790 1.0833 5,414,106
22-May-2024 MTAA 689,000 15.7655 10,862,430 1.0833 11,767,270
22-May-2024 TQEX 53,200 15.7667 838,788 1.0833 908,660
23-May-2024 CEUX 322,500 15.6599 5,050,318 1.0825 5,466,716
23-May-2024 MTAA 701,300 15.6584 10,981,236 1.0825 11,886,639
23-May-2024 TQEX 54,200 15.6604 848,794 1.0825 918,777
24-May-2024 CEUX 330,000 15.5800 5,141,400 1.0846 5,576,362
24-May-2024 MTAA 716,400 15.5796 11,161,225 1.0846 12,105,465
24-May-2024 TQEX 53,900 15.5786 839,687 1.0846 910,724
5,320,600 15.7460 83,778,088 90,863,925

From May 20, 2024 to (and including) May 24, 2024, the Company has purchased a total of 5,320,600 ordinary shares for a total consideration of €83,778,088, equivalent to USD90,863,925.

As of May 24, 2024, the Company held in treasury 21,687,603 ordinary shares (including 16,367,003 ordinary shares bought in the second tranche), equal to 1.87% 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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