Azul Prices USD 362.3m Global Offering by Selling Shareholders

Azul S.A., or Azul, (B3: AZUL4) (NYSE: AZUL), has announced that it has priced its follow-on offering by its selling shareholders of 40,630,186 of Azul´s preferred shares in a global offering, consisting of an international offering and a Brazilian offering, the company said.

The preferred shares are being offered directly or in the form of American depositary shares, or ADSs, each of which represents three preferred shares. One of the selling shareholders has also granted the underwriters a 30-day option to purchase up to 4,063,019 additional preferred shares.

The global offering price is USD 26.75 per ADS.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Itau BBA USA Securities, Inc., Banco do Brasil Securities LLC, Banco Bradesco BBI S.A., J.P. Morgan Securities LLC, Raymond James & Associates, Inc. and Santander Investment Securities Inc., are collectively acting as international underwriters with respect to the offering of the ADSs and, (except for Banco Bradesco BBI S.A.) together with Bradesco Securities Inc. and Safra Securities LLC, as agents on behalf of the Brazilian underwriters with respect to the offering of preferred shares sold outside of Brazil.

Banco Itaú BBA S.A., Citigroup Global Markets Brasil, Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Deutsche Bank S.A. — Banco Alemão, BB — Banco de Investimento S.A., Banco Bradesco BBI S.A., Banco J.P. Morgan S.A., Banco J. Safra S.A. and Banco Santander (Brasil) S.A. are collectively acting as Brazilian underwriters with respect to the sale of preferred shares in the public offering in Brazil.