Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 45

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 45
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 In view of its general nature, it should be
treated with appropriate caution.

PROSPECTIVE INVESTORS SHOULD CONSULT THEIR OWN TAX ADVISERS AS TO THE CONSEQUENCES OF PURCHASING THE NOTES, INCLUDING, WITHOUT LIMITATION, THE CONSEQUENCES OF THE RECEIPT OF INTEREST AND THE SALE OR OTHER DISPOSITION OF THE NOTES OR COUPONS.

For Dutch tax purposes, a
holder of Notes may include, without limitation:

| · | an                                                                                               
 owner of one or more Notes who, in addition to the title to such Notes, has an economic interest 
 in such Notes;                                                                                   |

| · | a                                                                                 
 person or an entity that holds the entire economic interest in one or more Notes; |

| · | a                                                                                          
 person or an entity that holds an interest in an entity, such as a partnership or a mutual 
 fund, that is transparent for Dutch tax purposes, the assets of which comprise one or more 
 Notes; and                                                                                 |

a person who or an entity
that does not have the legal title to the Notes, but to whom the Notes are attributed based either on such person or entity holding a
beneficial interest in the Notes or based on specific statutory provisions, including statutory provisions pursuant to which the Notes
are attributed to a person who is, or who has directly or indirectly inherited the Notes from a person who was, the settlor, grantor
or similar originator of a trust, foundation or similar entity that holds the Notes.

<div align='center'>S-32</div>

Dutch Withholding Tax

Holders of Notes Not Affiliated with the Issuer

All payments made bythe Issuer under the Notes to holders of Notes other than holders that are an “affiliated (gelieerde)
(see below) in respect of the Issuer (within the meaning of the Dutch Withholding Tax Act 2021; Wet bronbelasting 2021) can be
made free of withholding or deduction for any taxes of any nature imposed, levied, withheld or assessed by the Netherlands or any political
subdivision or taxing authority thereof or therein, unless the Notes qualify as equity of the Issuer for Dutch tax purposes.

Holders of Notes Affiliated with the Issuer

Payments of interest (or amounts of deemed interest) made bythe Issuer under the Notes to holders of Notes that are affiliated entities
in respect of the Issuer (within the meaning of the Dutch Withholding Tax Act 2021, as