Suzano S.A. (BOVESPA:SUZB3) announces a share repurchase program. Under the program, the company will repurchase up to 40,000,000 shares. The purpose of the program is to maximize the generation of value for shareholders.

The shares acquisition will be carried out using the balances of the available profit and capital reserves, excluding the balances of the reserves referred to in item I of paragraph 1 of Section 8 of CVM Resolution No. 77/22 and the realized profit for the current year, excluding the allocations to the formation of the reserves specified in item I of paragraph 1 of Section 8 of said Resolution, as determined in the Quarterly Financial Statements for the period ended September 30, 2023. The program will be valid for a period of 18 months, i.e., period will expire after July 26, 2025.