Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 47

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 47
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 Interest" means a directly or indirectly held interest – either by an entity individually or jointly if an entity is part of a qualifying unity ( kwalificerende eenheid) – that enables such entity or such qualifying unity to exercise a definite influence over another entity's decisions, such asthe Issuer’s decisions, and allows it to determine
the other entity's activities (within the meaning of case law of the European Court of Justice on the right of freedom of establishment
(vrijheid van vestiging).

<div align='center'>S-33</div>

Holders of Notes that are related entities in respect ofthe Issuer should be aware that the Issuer may not be required to gross-up interest
payments in the event that Dutch withholding tax is levied on any amounts payable under the Notes. Please refer to the exceptions as
described under “Description of the Debt Securities—Payment of Additional Amounts” in the accompanying prospectus.

Dutch Individual and Corporate Income Tax

Please note that this section does not describe the tax considerations
for:

| · | holders                                                                           
 of the Notes if such holders have a substantial interest (aanmerkelijk belang) or 
 deemed substantial interest (fictief aanmerkelijk belang) in the Issuer under the 
 Dutch Income Tax Act 2001 (Wet inkomstenbelasting 2001);                          |

| · | pension                                                                                    
 funds, investment institutions (fiscale beleggingsinstellingen) and tax-exempt investment  
 institutions (vrijgestelde beleggingsinstellingen) (each as defined in the Dutch Corporate 
 Income Tax Act 1969 (Wet op de vennootschapsbelasting 1969)) and other entities that       
 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