0001193125-13-072991 Sample Contracts

TENARIS S.A. AND DEUTSCHE BANK TRUST COMPANY AMERICAS As Depositary AND OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARES Amended and Restated Deposit Agreement Dated as of [ ], 2013
Deposit Agreement • February 25th, 2013 • Deutsche Bank Trust Co Americas/ ADR Group • Steel works, blast furnaces & rolling mills (coke ovens) • New York

AMENDED & RESTATED DEPOSIT AGREEMENT dated as of [ ], 2013, among TENARIS S.A., a corporation incorporated under the laws of the Grand Duchy of Luxembourg (herein called the “Company”), DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation (herein called the “Depositary”), and all Owners (as hereinafter defined) and Holders (as hereinafter defined) from time to time of American Depositary Shares (as hereinafter defined) issued hereunder.

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