Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 128

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 128
---
, banks, trust companies and clearing corporations and may
include certain other professional financial intermediaries; its U.S. customers are limited to securities brokers and dealers and banks;
and indirect access to the Clearstream system is also available to others that clear through Clearstream customers or that have custodial
relationships with its customers, such as banks, brokers, dealers and trust companies.

Euroclear has advised that: it is incorporated
under the laws of Belgium as a bank and is subject to regulation by the Belgian Financial Services and Markets Authority (L’Autorité des Services et Marchés Financiers) and the National Bank of Belgium (Banque Nationale de Belgique); it holds securities
for its participants and facilitates the clearance and settlement of securities transactions among them; it does so through simultaneous
electronic book-entry delivery against payments, thereby eliminating the need for physical movement of certificates; it provides other
services to its participants, including credit, custody, lending and borrowing of securities and tri-party collateral management; it interfaces
with the domestic markets of several countries; its customers include banks, including central banks, securities brokers and dealers,
banks, trust companies and clearing corporations and certain other professional financial intermediaries; indirect access to the Euroclear
system is also available to others that clear through Euroclear customers or that have custodial relationships with Euroclear customers;
and all securities in Euroclear are held on a fungible basis, which means that specific certificates are not matched to specific securities
clearance accounts.

Clearance and Settlement Procedures

We understand that investors that hold their debt
securities through Euroclear or Clearstream accounts will follow the settlement procedures that are applicable to securities in registered
form. Debt securities will be credited to the securities custody accounts of Euroclear and Clearstream participants on the business day
following the settlement date for value on the settlement date. They will be credited either free of payment or against payment for value
on the settlement date.

We understand that secondary market trading between
Euroclear or Clearstream participants will occur in the ordinary way following the applicable rules and operating procedures of Euroclear
and Clearstream. Secondary market trading will be settled using procedures applicable to securities in registered form.

You should be aware that investors will only be
able to make and receive deliveries, payments and other communications involving the debt securities through Euroclear and Clearstream
on business days. Those systems may not be open for business on days when banks, brokers and other institutions are open for business
in the United States or Brazil.

In addition,