Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 136

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 136
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 contravenes Dutch
public policy or is incompatible with a judgment rendered between the same parties by a Dutch court or with an earlier judgment rendered
between the same parties by a non-Dutch court in a dispute that concerns the same subject and is based on the same cause, provided that
the earlier judgment qualifies for recognition in the Netherlands.

Subject to the foregoing and provided that service
of process occurs in accordance with applicable treaties, investors may be able to enforce in the Netherlands, judgments in civil and
commercial matters obtained from U.S. federal or state courts. However, no assurance can be given that such judgments will be enforceable.
In addition, it is doubtful whether a Dutch court would accept jurisdiction and impose civil liability in an original action commenced
in the Netherlands and predicated solely upon U.S. federal securities laws.

Any enforcement of agreements governed by foreign
law and any foreign judgments in the Netherlands will be subject to the rules of Dutch civil procedure. Judgments may be rendered
in a foreign currency, but enforcement is executed in euro at the applicable rate of exchange. Enforcement of obligations in the Netherlands
will be subject to the nature of the remedies available in the courts of the Netherlands. Under certain circumstances, a Dutch court
has the power to stay proceedings (aanhouden) or to declare that it has no jurisdiction, if concurrent proceedings are being brought
elsewhere.

A Dutch court may reduce the amount of damages
granted by a U.S. court and recognize damages only to the extent that they are necessary to compensate actual losses and damages.

<div align='center'>39

LIMITATIONS BY AUSTRIAN CAPITAL MAINTENANCE RULES AND CERTAIN INSOLVENCY LAW CONSIDERATIONS</div>

Austrian Capital Maintenance Rules

The issue and sale of debt securities by Suzano
Austria (the “Austrian Debt Securities”) may be subject to Austrian capital maintenance rules (Kapitalerhaltungsvorschriften)
pursuant to Austrian corporate law, in particular Section 82 of the Austrian Act on Limited Liability Companies (Gesetz über Gesellschaften mit beschränkter Haftung or GmbHG), if Suzano Austria transfers the net proceeds from the sale of Austrian
Debt Securities to Suzano S.A. or any of its affiliates, in particular to repay Suzano S.A.’s or any other group company’s
indebtedness (except for downstream payments).

The GmbHG prohibits an Austrian limited liability
company from returning equity