Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 142

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 142
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Insolvenzforderungen). Claims of creditors with a right of segregation of assets (Aussonderungsberechtigte), such
as creditors with a retention of title or trustees, remain unaffected by the opening of insolvency proceedings.

Once insolvency proceedings have been opened
it is no longer possible to obtain an execution lien with respect to assets belonging to the insolvency estate. All execution proceedings
against the debtor are subject to an automatic stay during the duration of the insolvency proceeding (Vollstreckungssperre). Execution
liens obtained within the 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