

| TENARIS SA | 03/05/2017 AGM | |
|---|---|---|
| 1 | Consideration of the Company's Reports | Oppose |
| 2 | Approve Financial Statements | For |
| 3 | Approve the Annual Accounts (Balance Sheets) | For |
| 4 | Approve the Dividend | For |
| 5 | Discharge the Board | For |
| 6 | Elect the Board | Oppose |
| 7 | Approve Fees Payable to the Board of Directors | Oppose |
| 8 | Appoint the Auditors and Allow the Board to Determine their Remuneration | Oppose |
| 9 | Authorise the Board to Conduct all Shareholder Communication through Electronic Means | For |