Tenaris : reports no major damage to its industrial sites in South Texas following Hurricane Harvey

LUXEMBOURG -- (Marketwired) -- 08/31/17 -- Tenaris S.A. (NYSE: TS)
(BAE: TS) (BMV: TS) (MILAN: TEN) announced today that all its
facilities in Houston, Freeport and Bay City are gradually resuming
operations from today following the passage of Hurricane Harvey and
subsequent extensive flooding in the area. The facilities, including
Bay City, suffered no major flooding or damage. The construction work
on the Bay City mill is also resuming and, in accordance with our
preliminary assessment, the rolling of the first pipe will be delayed
until October.

The impact on our people has been severe. Out of our 1,320 employees
in the Houston area 36% have been displaced. We are in constant
contact with them and are providing time and financial assistance at
this difficult time.

During this week, our customers' operations in Eagleford were
affected by the hurricane, which may have a limited impact on our
North American sales for the third quarter.

Some of the statements contained in this press release are
'forward-looking statements'. Forward-looking statements are based on
management's current views and assumptions and involve known and
unknown risks that could cause actual results, performance or events
to differ materially from those expressed or implied by those
statements.

Tenaris is a leading global supplier of steel tubes and related
services for the world's energy industry and certain other industrial
applications.