March 13, 2009  
ASBESTOS LITIGATION: 55 Cases Pending v. Tenaris Unit at Dec. 31

Tenaris, S.A.'s subsidiary, Dalmine S.p.A., as of Dec. 31, 2008,
faced 55 pending asbestos claims, of which none are covered by
insurance, according to a Company report, on Form 6-K, filed
with the Securities and Exchange Commission.

Total asbestos claims pending against Dalmine were 61 claims (of
which one was covered by insurance), as of Sept. 30, 2008.
(Class Action Reporter, Dec. 5, 2008)

Dalmine is currently subject to 16 civil proceedings for work-
related injuries arising from the use of asbestos in its
manufacturing processes during the period from 1960 to 1980. In
addition, another 39 asbestos related out-of-court claims have
been forwarded to Dalmine.

During 2008, nine new claims were filed, four claims were
adjudicated, out of which four were paid, no claim was dismissed
and six claims were settled. Aggregate settlement costs to date
for the Company are EUR6.9 million (US$9.6 million).

Dalmine estimates that its potential liability in connection
with the claims not yet settled is about EUR17 million (US$23.7
million).

Headquartered in Luxembourg, Tenaris, S.A. was incorporated on
Dec. 17, 2001, as a holding company in steel pipe manufacturing
and distributing operations. The Company holds, either directly
or indirectly, controlling interests in various subsidiaries.
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