| Firm | Analyst |
|---|---|
| Allaria Ledesma | Christian Reos |
| Banca Akros | Enrico Filippi |
| Banca Leonardo | Filippo Prini |
| Bank of America Merrill Lynch | Frank McGann |
| Berenberg Bank | Bezen Erkmen-Hong |
| Cassa Lombarda | Serge Escudé / Alberto Brioschi |
| Cheuvreux | Marco Baccaglio |
| Credit Suisse | Subhra Kanti Das |
| Deutsche Bank | Marcus Sequeira |
| Exane BNP Paribas | Raphael Veverka |
| Goldman Sachs | Daniel Boyd |
| Guggenheim | Michael LaMotte |
| Intermonte | Paolo Citi |
| Itaú Securities | Paula Kovarsky |
| Jefferies | Stephen D. Gengaro |
| JP Morgan | Sergio Torres |
| Mediobanca | Andrea Scauri |
| Morgan Stanley | Ole Slorer |
| Natixis | Julien Laurent |
| Raymond James | Ricardo Cavanagh |
| Santander | Christian Audi |
| 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.