Contact Information: Nigel Worsnop Tenaris 1-888 300 5432 www.tenaris.com
Tenaris Provides Information Required Under New Luxembourg Transparency Legislation
| Source: Tenaris S.A.
LUXEMBOURG--(Marketwire - February 19, 2008) - Tenaris S.A. (NYSE : TS ) (BAE : TS ) (MXSE : TS )
(MILAN : TEN ), pursuant to recently enacted Luxembourg legislation
implementing the EU Transparency Directive, reminds investors that as of
the date hereof the number of issued shares of its capital is 1,180,536,830
ordinary shares, par value U.S. $1.00 per share, each entitling the holder
thereof to one vote at Tenaris's general shareholders' meetings.
Under the new legislation, investors in Tenaris's securities who directly
or indirectly own or otherwise control 5% or more of the shares of
Tenaris's capital or the rights to vote such shares should give notice
thereof to Tenaris by March 19, 2008, for further publication to the
market. The number of shares and votes set forth above should be used for
purposes of determining whether an investor reaches or exceeds such
threshold. In addition, investors should notify Tenaris and the Luxembourg
securities commission (the CSSF) on an ongoing basis whenever their direct
or indirect ownership or other control rights over shares of Tenaris's
capital or rights to vote such shares either reaches, exceeds or falls
below any of the following thresholds: 5%, 10%, 15%, 20%, 25%, 33.33%, 50%
and 66.66%.
Further information is or will be made available, as appropriate, at:
www.tenaris.com/en/Investors/sharecapitalandvotes.asp.
This information does not constitute legal advice. Investors are encouraged
to seek advice of counsel in connection with their obligations under the
new legislation and the consequences of failing to comply with any such
obligations."
Tenaris is a leading global supplier of steel tubes and related services
for the world's energy industry and certain other industrial applications.