| Firm | Analyst |
|---|---|
| Allaria Ledesma | Christian Reos |
| Banca Akros | Enrico Filippi |
| Banca Aletti | Alessandro Poggi |
| Banca Leonardo | Filippo Prini |
| Bank of America Merrill Lynch | Frank McGann |
| BTG Pactual | Edmo Chagas |
| Cassa Lombarda | Serge Escudé / Alberto Brioschi |
| Cheuvreux | Marco Baccaglio |
| Citigroup | Tereza Mello |
| Credit Suisse | Alessandro Abate |
| Deutsche Bank | Marcus Sequeira |
| Equita | Dino Catena |
| Exane BNP Paribas | Raphael Veverka |
| Goldman Sachs | Daniel Boyd |
| Intermonte | Paolo Citi |
| Jefferies | Stephen D. Gengaro |
| JP Morgan | Rodolfo De Angele |
| Morgan Stanley | Ole Slorer |
| Natixis | Julien Laurent |
| Raymond James | Ricardo Cavanagh |
| Santander | Christian Audi |
| Simmons | Stephen Williams |
| UBS | Alex Brooks |
| Unicredit | Alessandro Falcioni |
Tenaris S.A. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Tenaris S.A.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Tenaris S.A. or its management. Tenaris S.A. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.
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