Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 144

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 144
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ano 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 may also be opened in the Netherlands in accordance with Dutch law over the assets of companies that are not established
under Dutch law.

Dutch insolvency law differs from insolvency proceedings in the United
States and other jurisdictions and may make it more difficult for holders of debt securities issued and sold by Suzano Netherlands (the
“Dutch Debt Securities”) to recover the amount they would normally expect to recover in a liquidation or bankruptcy
proceeding in the United States or another jurisdiction. The following is a brief description of certain aspects of Dutch insolvency law.

There are two applicable corporate insolvency regimes under Dutch law:
the first, suspension of payments (surseance van betaling), is intended to facilitate the reorganization of a debtor’s indebtedness
and enable the debtor to continue as a going concern. The second, bankruptcy (faillissement), is primarily designed to liquidate
and distribute the debtor’s assets to its creditors. In addition, the Act