Company: SUZ
Filing Date: 2025-05-01
Form Type: F-3ASR
Source: 0001104659-25-042824
Chunk: 65

Company: Suzano S.A.
Filing Date: 2025-05-01
Form: F-3ASR
Chunk 65
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 last 60 days prior to the opening of insolvency proceedings expire upon the opening of such insolvency proceedings.

An Austrian court may appoint a trustee (Kurator)
for the Austrian Debt Securities issued by Suzano Austria to exercise the rights and represent the interests of holders of Austrian Debt
Securities on their behalf in which case the ability of holders of Austrian Debt Securities to pursue their rights under the Austrian
Debt Securities individually may be significantly limited. Pursuant to the Austrian Notes Trustee Act (Kuratorengesetz), a trustee
may be appointed upon the request of any interested party (e.g. a holder of the Notes) or upon the initiative of the competent court,
for the purposes of representing the common interests of the holders in matters concerning their collective rights. In particular, this
may occur if insolvency proceedings are initiated against Suzano Austria, in connection with any amendments to the terms and conditions
of the Austrian Debt Securities or changes relating to Suzano Austria, or under other similar circumstances, including also restructuring
scenarios. If a trustee is appointed, the trustee will exercise the collective rights and represent the interests of all of the holders
of Austrian Debt Securities and will be entitled to make statements on their behalf which shall be binding on all holders. Where a trustee
represents the interests and exercises the rights of holders, this may conflict with or otherwise adversely affect the interests of individual
or all holders. Investors should note that a trustee will not be subject to any instructions given by single holders of Austrian Debt
Securities or the holders’ meeting and that the trustee is obliged to act in the best interest of all holders, not taking into account
particular interests of certain holders or groups of holders.

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Dutch Insolvency Law

Suzano Netherlands is incorporated under the laws of the Netherlands.
Accordingly, where Suzano Netherlands has its “centre of main interests” or an “establishment in the Netherlands”,
it may be subject to Dutch insolvency proceedings. In the event it was determined that Suzano Netherlands has its “centre of main
interest” outside of the European Union, Suzano Netherlands may still be subjected to insolvency proceedings in the Netherlands
due to the fact that the E.U. Insolvency Regulation would not apply. In that event, Dutch courts can claim jurisdiction based on the Dutch
Bankruptcy Act (Faillissementswet) because Suzano Netherlands has its statutory seat in the Netherlands. Under certain circumstances,
bankruptcy proceedings