Suzano Confirms Its Interest in International Paper Assets

May 22, 2024 - Suzano S.A. ("Company" or "Suzano") (B3: SUZB3/NYSE: SUZ), in response to Official Letter No. 384/2024-SLS, sent by the Listing and Issuer Supervision Superintendence of B3 S.A. (a stock exchange located in São Paulo, Brazil,) on May 21st, 2024 ("Letter"), and received by the Company on the same date, the Company hereby provides the following clarifications:

In response to the request presented by B3 through the Official Letter, the Company clarifies that news regarding a potential transaction involving Suzano and the International Paper Company ("International Paper") have been disclosed in the media since May 7th, 2024, which appears to have impacted Company's shares price and trading volume.

Regarding this matter, the Company disclosed, in compliance with the obligations set forth in the Brazilian Corporation Law and CVM Resolution No. 44, as well as in response to an Official Letter issued by the CVM, a Material Fact and Notice to the Market through which it clarified to shareholders and the market in general that it continuously analyzes market opportunities for potential transactions, without, at that time, any formal document, agreement, act, or decision by the Company that could constitute a material fact.

More recently, a new report regarding a potential operation between the Company and International Paper was published on the Reuters' website¹ on May 20th, 2024. The Company believes that the fluctuation experienced in the shares price on May 21st, 2024, is likely due to this news.

Nevertheless, considering the occurrence of atypical fluctuations, the Company confirms its interest in International Paper assets. However, it reiterates that, up to the moment, there is no agreement, binding or otherwise, nor any decision or deliberation by the Company's management regarding a potential operation that meets the minimum materiality required to qualify as a material fact.

The Company further informs that it conducted relevant internal investigations and inquiries with its administrators regarding the media report before providing this clarification.

Finally, the Company reaffirms its commitment to keep the market duly informed about any relevant information.

¹ Exclusive: Brazil's Suzano discusses higher bid for International Paper, sources say

Suzano is the world's largest producer of hardwood pulp and a global leader in the innovation and production of renewable, bio-based materials for consumer and industrial use.

SOURCE: Suzano