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Deutsche Bank Appointed as Depositary Bank for the Level II NYSE-Listed American Depositary Receipt Program of Tenaris S.A.

  Deutsche Bank Appointed as Depositary Bank for the Level II NYSE-Listed
  American Depositary Receipt Program of Tenaris S.A.

Business Wire

NEW YORK -- March 13, 2013

Deutsche Bank today announced its appointment as successor depositary bank for
the Level II New York Stock Exchange-listed American Depositary Receipt (ADR)
program of Tenaris S.A. (Tenaris).

Tenaris is a leading global manufacturer and supplier of steel tubes and
related services for the world’s energy industry and certain other industrial
applications. Its customers include most of the world’s leading oil and gas
companies as well as engineering companies engaged in constructing oil and gas
gathering, transportation, processing facilities. Tenaris’s principal products
include casing, tubing, line pipe, and mechanical and structural pipes.
Tenaris operates an integrated worldwide network of steel pipe manufacturing,
research, finishing and service facilities with industrial operations in the
Americas, Europe, Asia and Africa and a direct presence in most major oil and
gas markets. Tenaris’s shares are listed on the Borsa Italiana (symbol:
TEN.MI), the Bolsa de Comercio de Buenos Aires (symbol: TS.BA), and the Bolsa
Mexicana de Valores (symbol: TS:MX) and its ADRs are listed on the New York
Stock Exchange (symbol: TS).*

Edwin Reyes, Global Head of Depositary Receipts at Deutsche Bank, said, “We
are delighted that Tenaris has chosen to transfer its ADR program to Deutsche
Bank. We look forward to working with Tenaris in the management of its program
and are committed to providing Tenaris with the highest level of service."

*Source: Tenaris (March 2013)

About Deutsche Bank Trust & Securities Services

Deutsche Bank’s Trust & Securities Services business, part of Global
Transaction Banking, is one of the leading providers of trustee, agent,
depositary, registrar, SPV management and related services for a wide range of
financial structures and transactions. It is a leading depositary for American
and Global Depositary Receipts, providing value-added services to companies
raising capital in international markets or listing on the New York, NASDAQ,
London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of
depositary receipts. It also offers both mutual and alternative fund
administration and provides securities custody, clearing and agency lending
services from a global network spanning more than 30 markets. Additional
details are available on or

This announcement appears as a matter of record only. This announcement has
been approved and/or communicated by Deutsche Bank AG New York.

American Depositary Receipts have been registered pursuant to the US
Securities Act of 1933 (the "Act"). The investment or investment service which
is the subject of this notice is not available to retail clients as defined by
the UK Financial Services Authority. This notice has been approved and/or
communicated by Deutsche Bank AG London. The services described in this notice
are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its
subsidiaries and/or affiliates in accordance with appropriate local
registration and regulation. Deutsche Bank is providing the attached notice
strictly for information purposes and makes no claims or statement, nor does
it warrant or in any way represent, as to the accuracy or completeness of the
details contained herein or therein. This announcement appears as a matter of
record only. Neither this announcement nor the information contained herein
constitutes an offer or solicitation by Deutsche Bank or any other issuer or
entity for the purchase or sale of any securities nor does it constitute a
solicitation to any person in any jurisdiction where solicitation would be
unlawful. No part of this notice may be copied or reproduced in any way
without the prior written consent of Deutsche Bank. Past results are not an
indication of future performance. Copyright© March 2013 Deutsche Bank AG. All
rights reserved.

Issued by press department of    Internet:
Deutsche Bank AG NY
60 Wall Street, New York, NY
Phone +1 212 250 7171            E-Mail:


For further information, please call:
Deutsche Bank AG
Press & Media Relations
Duncan King, +1-212-250-4864
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