Tenaris completes USD600 million First Tranche of its Share Buyback Program

Group 1 - Tenaris S.A. has completed the first tranche of its USD1.2 billion Share Buyback Program, amounting to USD600 million [1][2] - During this tranche, Tenaris purchased 33,059,955 ordinary shares, which is 3.08% of its total issued share capital, for approximately €516,588,880 [2] - The shares acquired in this tranche will be held in treasury and Tenaris plans to cancel all treasury shares purchased under the Program in the future [2] Group 2 - Tenaris is recognized as a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [5]