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Tenaris to Commence a USD 600 million Second Tranche of its USD 1.2 Billion Share Buyback Program

1. Tenaris announces USD 1.2 billion share buyback program. 2. Second tranche of USD 600 million starts November 3, 2025. 3. Buyback execution independent of Tenaris to comply with regulations. 4. Shares purchased under program will be canceled eventually. 5. Future oil and gas prices uncertainties may impact performance.

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FAQ

Why Bullish?

The share buyback program indicates confidence in market conditions. Historical buybacks often lead to increased shareholder value.

How important is it?

The ongoing buyback plan shows strong corporate buy-in, which typically reassures investors. Given Tenaris's significant role in the energy sector, this will likely capture investor attention.

Why Short Term?

The immediate execution of the buyback is scheduled within a few months, likely impacting share price quickly. Previous buybacks generally boost stock prices shortly after announcement.

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SLBOXYHALXOMBP
LUXEMBOURG, Nov. 02, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its USD 1.2 billion Share Buyback Program (the “Program”) announced on May 27, 2025, it has entered into a non-discretionary buyback agreement with a primary financial institution (the “Bank”) for the execution of its second tranche, covering up to the remainder USD 600 million of the Program (excluding customary transaction fees). This second tranche shall start on November 3, 2025, and end no later than April 30, 2026. The Bank will make its trading decisions concerning the timing of the purchases of Tenaris’s ordinary shares independently of and uninfluenced by Tenaris. The Program will be executed in compliance with applicable rules and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (the “Regulations”). Under the buyback agreement, purchases of shares may continue during any closed periods of Tenaris in accordance with the Regulations. Ordinary shares purchased under the Program will be cancelled in due course. Any buyback of ordinary shares pursuant to the Program will be carried out under the authority granted by the general meeting of shareholders held on May 6, 2025. 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. Giovanni SardagnaTenaris1-888-300-5432www.tenaris.com 

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