Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 49

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 49
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 for tax purposes and (z) such participant would have been subject to Dutch withholding tax in respect of the payments of interest           
 without the interposition of the reverse hybrid;                                                                                            |

all within the meaning of
the Dutch Withholding Tax Act 2021.

Affiliated entity

For purposes of the Dutch Withholding Tax Act 2021, an entity is considered an “affiliated entity” in respect ofthe Issuer
if:

| · | such entity has a Qualifying Interest (as defined 
 below) in the Issuer; or                          |

| · | the Issuer has a Qualifying Interest in such 
 entity; or                                   |

| · | a third party has a Qualifying Interest in both 
 the Issuer and such entity.                     |

The term "Qualifying 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