Tenaris SA announced that its annual general shareholders meeting approved today all resolutions on its agenda.

Among other resolutions adopted at the meeting, the shareholders approved the consolidated financial statements for the years ended December 31st 2010, 2009 and 2008, the annual accounts as at December 31st 2010 and the related reports and certifications.

The meeting also approved the payment of a dividend for the year ended December 31st 2010 of USD 0.34 per share or approximately USD 401 million, which includes the interim dividend of USD 0.13 per share paid in November 2010.

Tenaris will pay the balance of the annual dividend in the amount of USD 0.21 per share or approximately USD 248 million on June 23rd 2011, with an ex dividend date of June 20th 2011.

The annual general shareholders' meeting approved the re election of the current members of the board of directors, each to hold office until the meeting that will be convened to decide on the 2011 accounts.

The board of directors subsequently confirmed and re appointed Mr Amadeo Vázquez y Vázquez, Mr Jaime Serra Puche and Mr Roberto Monti as members of Tenaris's audit committee, with Mr Vázquez y Vázquez to continue as chairman. All three members of the audit committee qualify as independent directors under the articles and applicable law.

The meeting appointed PricewaterhouseCoopers S àr l, Réviseur d'entreprises agréé as Tenaris's independent auditors for the fiscal year ending December 31st 2011.

The extraordinary general meeting of shareholders also held today approved, among other amendments to the articles of association, to change the date of the annual general meetings of shareholders so that in the future they will be held on the first Wednesday of May of each year.