| Item 1. | |
| (a) | Name of issuer:
CENTRAIS ELETRICAS BRASILEIRAS SA ELETROBRAS |
| (b) | Address of issuer's principal executive offices:
Rua da Quitanda 196 9th floor Centro CEP 20091-005 Rio de Janeiro, RJ Brazil |
| Item 2. | |
| (a) | Name of person filing:
GIC Private Limited ("GIC") |
| (b) | Address or principal business office or, if none, residence:
168 Robinson Road
#37-01 Capital Tower
Singapore 068912 |
| (c) | Citizenship:
GIC Private Limited - Republic of Singapore |
| (d) | Title of class of securities:
Common Share, $0 par value |
| (e) | CUSIP No.:
15234Q207 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
|
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
89,071,573 (1), (2)
(1) GIC is a fund manager and only has 2 clients - the Government of Singapore ("GoS") and the Monetary Authority of Singapore ("MAS"). Under the investment management agreement with GoS, GIC has been given the sole discretion to exercise the voting rights attached to, and the disposition of, any shares managed on behalf of GoS. As such, GIC has the sole power to vote and power to dispose of the 84,775,342 securities beneficially owned by it. GIC shares power to vote and dispose of 4,296,231 securities beneficially owned by it with MAS.
GIC is wholly-owned by the GoS and was set up with the sole purpose of managing Singapore's foreign reserves. The GoS disclaims beneficial ownership of such shares.
(2) GIC disclaims membership in a group. |
| (b) | Percent of class:
4.39% (3)
Based on 2,028,544,286 common shares as of 19th December 2025 from Bovespa website. |
| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
84,775,342 (1), (2)
|
| | (ii) Shared power to vote or to direct the vote:
4,296,231 (1), (2)
|
| | (iii) Sole power to dispose or to direct the disposition of:
84,775,342 (1), (2)
|
| | (iv) Shared power to dispose or to direct the disposition of:
4,296,231 (1), (2)
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
| | 
Ownership of 5 percent or less of a class
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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