Contact Information: Giovanni Sardagna Tenaris 1-888-300-5432 www.tenaris.com
Venezuela Assumes Operational Control Over Matesi
| Source: Tenaris S.A.
LUXEMBOURG--(Marketwire - August 19, 2009) - Tenaris S.A. (NYSE : TS ) (BAE : TS ) (MXSE : TS )
(MILAN : TEN ) ("Tenaris") announced that Venezuela, acting through the
transition committee appointed by the Venezuelan Ministry of Basic
Industries and Mining , unilaterally assumed exclusive operational control
over the assets of Matesi Materiales Siderúrgicos S.A. ("Matesi").
While continuing to reserve all of its rights under investment treaties and
Venezuelan and international law, Tenaris is prepared to engage in
discussions with the Venezuelan government regarding the fair and adequate
terms and conditions for the transfer of Matesi to Venezuela.
Tenaris is a leading global supplier of steel tubes and related services
for the world's energy industry and certain other industrial applications.