GOL announces conclusion of USD 300 million Term Loan issuance

São Paulo, September 1, 2015 - GOL L inhas A éreas I nt el i gent es S.A . (BM&F BOV ESPA : GOL L 4 and

N YSE: GOL ), (S&P: B- , F i t c h: B- , Mo o dy 's : B3), the largest low-cost and best-fare airline in Latin America, announced that on August 31, 2015, in compliance with CVM Instruction 358/2002, as amended ("INCVM 358"), hereby informs its shareholders and the market the following, in complement to the material fact published on July 10, 2015.

On August 31, 2015, our subsidiary Gol LuxCo S.A. ("Gol LuxCo") has entered into, acting as borrower, the "Credit and Guaranty Agreement" together with Morgan Stanley Senior Funding, Inc., ("Morgan Stanley"), acting as administrative agent and representative of the interests of the creditors, with an aggregate principal amount of U.S.$ 300,000,000 (three hundred millions US Dollars), with remuneration of 6.5 % per year and maturity date of five years ("Credit Agreem ent"). The Company and VRG Linhas Aéreas S.A. ("VRG" and, together with the Company, the "Guarantors") granted personal guarantee in order to guarantee the fulfillment of the obligations assumed by Gol LuxCo under the Credit Agreement.
Besides the guarantee granted by the Guarantors, Delta Air Lines, Inc. ("Delta") granted a backstop guaranty, in order to guarantee the fulfillment of the obligations assumed by Gol LuxCo under the Credit Agreement.
In order to guarantee the fulfillment of obligations assumed by Gol LuxCo, it was granted a personal guarantee by the Company and VRG and a pledge of ordinary shares issued by Smiles S.A. ("Smiles") and owned by the Company, as well as its economic rights.
The above transaction is part of the strategic transactions agreed by the Company and Delta, as disclosed in the material fact published by the Company on July 10, 2015.
I nv es t or Rel at i ons ri@golnaweb.com.br www.voegol.com.br/ri

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Ab o ut GO L Linhas Aé re as Int e lig e nt e s S. A.

GOL Linhas Aér eas Inteligentes S.A. (BMF&BOVESPA: GOLL4 and NYSE: GOL), the lar gest low-cost and best -far e air line in Latin Amer ica, offer s ar ound 900 daily flights to 73 destinations, 17 inter national, in South Amer ica, the Car ibbean and the United States, using a young, moder n fleet of Boeing 737-700 and 737-800 Next Gener ation air cr aft, the safest, most efficient and most economical of their type. The SMILES loyalty pr ogr am allows member s to accumulate miles and r edeem tickets to mor e than 700 locations ar ound the wor ld via flights with fo r eign par tner air lines. The Company also oper ates Gollog, a logistics ser vice which r etr ieves and deliver s car go and packages to and fr om m or e than 3,500 cities in Br azil and six abr oad. With its por tfolio of innovative pr oducts and ser vices, GOL Linhas Aér eas Inteligentes offer s the best cost -benefit

r atio in the mar ket.

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GO L Linhas Aéreas Inteligentes S.A.

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