Closing of Tap Issuance of 2025 Notes and Notice of Redemption of 2020

Notes

São Paulo, February 2, 2018 - GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, announced today the closing of the tap offering of US$150 million in aggregate principal amount of 7.000% Senior Notes due 2025 (the "2025

Notes") by its subsidiary, Gol Finance (formerly known as "Gol LuxCo S.A.").

A part of the net proceeds from the tap offering of 2025 Notes will be used to redeem in full the outstanding 9.250% Senior Notes due 2020 (144A CUSIP/ISIN: 38045U

AD2/US38045UAD28; Regulation S CUSIP/ISIN: G3980P AD7/USG3980PAD71) (the "2020

Notes") issued by Gol Finance, an exempted company incorporated with limited liability in the Cayman Islands ("Gol Finance Cayman").

Gol Finance Cayman has given formal notice to the holders of its 2020 Notes of its intention to redeem such 2020 Notes on or around March 7, 2018, in accordance with their terms and conditions. This press release does not constitute a notice of redemption of the 2020 Notes.

Once the call option for the outstanding 2020 Notes is exercised in full as per the announcement, GOL's nearest bond maturity in the international debt capital markets will be due in 2022.

This press release is for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell, acquire, subscribe for or dispose of the 2025

Notes, the 2020 Notes or any other securities. The 2025 Notes and the 2020 Notes described in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any relevant state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

Investor Relationsri@voegol.com.brwww.voegol.com.br/ir +55(11) 2128-4700

About GOL Linhas Aéreas Inteligentes S.A.

Brazil's largest airline group. GOL is Brazil's largest airline, carrying 33 million passengers annually on more than 700 daily flights to 65 destinations, 54 in Brazil and 11 in South America and the Caribbean, on a fleet of 119 Boeing 737 aircraft, with a further 120 Boeing 737 MAX on order. GOLLOG is a leading cargo transportation and logistics business serving more than 2,400 Brazilian municipalities and, through partners, 205 international destinations in 95 countries.

SMILES is one of the largest coalition loyalty programs in Latin America, with over 13 million registered participants, allowing clients to accumulate miles and redeem tickets for more than 700 locations worldwide. GOL has a team of more than 14,000 highly skilled aviation professionals delivering Brazil's top on-time performance, and an industry leading 17 year safety record. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4).

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GOL Linhas Aéreas Inteligentes S.A.

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