Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 50

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 50
---
 are, in whole or in part, 
 not subject to or exempt from Dutch corporate income tax; and                                                                  |

| · | holders of Notes who are individuals and for                                                                                            
 whom the Notes or any benefit derived from the Notes are a remuneration or deemed to be a remuneration for activities performed by such 
 holders or certain individuals related to such holders (as defined in the Dutch Income Tax Act 2001).                                   |

Generally speaking, a holder of notes has a substantial interest in the Issuer(as referred to under (i) above) if it has, directly or indirectly
(and, in the case of an individual, alone or together with certain relatives) (i) the ownership of, a right to acquire the ownership
of, or certain rights over, shares representing 5 per cent. or more of either the total issued and outstanding capital of the Issuer or
the issued and outstanding capital of any class of shares of the Issuer, or (ii) the ownership of, or certain rights over, profit
participating certificates (winstbewijzen) that relate to 5 per cent. or more of either the annual profit or the liquidation proceeds
of the Issuer. A deemed substantial interest may arise if a substantial interest (or part thereof) has been disposed of, or is deemed
to have been disposed of, on a non-recognition basis.

Dutch Resident Entities

Generally speaking, if the
holder of Notes is an entity that is a resident or deemed to be resident of the Netherlands for Dutch corporate income tax purposes (a
“Dutch Resident Entity”), any payment under the Notes or any gain or loss realized on the disposal or deemed disposal
of the Notes is subject to Dutch corporate income tax at the prevailing statutory rates (up to 25.8% for 2025).

Dutch Resident Individuals

If the holder of Notes is
an individual resident or deemed to be resident of the Netherlands for Dutch income tax purposes (a “Dutch Resident Individual”),
any payment under the Notes or any gain or loss realized on the disposal or deemed disposal of the Notes is taxable at the progressive
Dutch income tax rates (with a maximum of 49.5% in 2025), if:

| (i) | the Notes are attributable to an enterprise from which the holder of Notes derives a share of the profit,                          
 whether as an entrepreneur (ondernemer) or as a person who has a co-entitlement to the net worth (medeg