Upon approval of the Company's annual accounts in March 2021, the board of directors of Tenaris S.A. intends to propose, for approval of the annual general shareholders' meeting to be held on May 3, 2021, the payment of dividends in an aggregate amount of approximately $248 million, which would include the interim dividend of approximately $83 million paid in November 2020. If the annual dividend is approved by the shareholders, a dividend of $0.14 per share ($0.28 per ADS), or approximately $165 million, will be paid on May 26, 2021, with an ex-dividend date on May 24, 2021 and record date on May 25, 2021.