GOL Announces the Extension of Tender Offer for Notes 2017, 2020 and 2023

USA - English

• Brazil - Português

SAO PAULO, Sept. 10, 2014 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 andNYSE: GOL), (S&P: B, Fitch: B-, Moody's: B3), the largest low-cost and best-fare airline company in Latin America ("Company"), in compliance with article 157, §4 of Law no. 6,404/76 and CVM Instruction no. 358/2002, hereby announces the amendment of the terms and conditions of certain tender offers previously announced, carried through its subsidiary Gol LuxCo S.A. ("LuxCo"), to purchase for cash (the "2023 Notes Tender Offer") any and all of LuxCo's outstanding 10.750% Senior Notes due 2023 (the "2023 Notes") and, through its subsidiary GOL Finance ("Finance"), to purchase for cash (the "2020 Notes Tender Offer") any and all of Finance's outstanding 9.250% Senior Notes due 2020 (the "2020 Notes") and to purchase for cash ("the "2017 Notes Tender Offer" and, together with the 2023 Notes Tender Offer and the 2020 Notes Tender Offer, the "Tender Offers") any and all of Finance's outstanding 7.50% Senior Notes due 2017 (the "2017 Notes" and, together with the 2023 Notes and the 2020 Notes, the "Notes").

In connection with the Tender Offers, LuxCo and Finance are also soliciting consents (the "Consent Solicitations") of the holders of the Notes to the adoption of certain amendments (the "Proposed Amendments") to the indentures governing the Notes to eliminate substantially all of the restrictive covenants, as well as various events of default and related provisions contained in such indentures.

As of 5:00 pm New York City time on September 9, 2014, the following amounts had been validly tendered and related consents to the Proposed Amendments had been delivered:

- U.S.$43,954,000 in aggregate principal amount of the 2023 Notes, or approximately 54.4% of the 2023 Notes outstanding;

- U.S.$129,835,000 in aggregate principal amount of the 2020 Notes, or approximately 43.4% of the 2020 Notes outstanding; and

- U.S.$33,394,000 in aggregate principal amount of the 2017 Notes, or approximately 27.4% of the 2017 Notes outstanding.

For further information visit www.voegol.com.br/ir

CONTACTS

INVESTOR RELATIONS 
Phone: +55 (11) 2128-4700 
E-mail: [email protected]

CORPORATE COMMUNICATIONS 
Phone: +55 (11) 2128-4183 
E-mail: [email protected]

ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.

GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 andNYSE: GOL), the largest low-cost and best-fare airline in Latin America.

SOURCE GOL Linhas Aéreas Inteligentes S.A.