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Exhibit 17.1

SUBSIDIARY ISSUER OF GUARANTEED SECURITIES

Each of the following series of guaranteed notes listed on the New York Stock Exchange has been issued by the respective issuer entity identified below, and is guaranteed by us.

Security			Issuer			Guarantor
6.000% Notes due 2029			Suzano Austria GmbH			Suzano S.A.
5.000% Notes due 2030			Suzano Austria GmbH			Suzano S.A.
3.750% Notes due 2031			Suzano Austria GmbH			Suzano S.A.
2.500% Notes due 2028			Suzano Austria GmbH			Suzano S.A.
3.125% Notes due 2032			Suzano Austria GmbH			Suzano S.A.
5.500% Notes due 2036			Suzano Netherlands B.V.			Suzano S.A.