GOL Announces Private Exchange Offer

GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL) said its subsidiary GOL LuxCo S.A. (Issuer) has commenced private exchange offers certain senior notes.

The notes are: the outstanding 7.50 percent Senior Notes due 2017 issued by GOL Finance for cash and LuxCo´s newly issued 8.50 percent Secured Amortizing Notes due 2018; 9.250 percent Senior Notes due 2020 issued by Finance, 8.875 percent Senior Notes Due 2022 issued by LuxCo and 10.750 percent Senior Notes due 2023 issued by LuxCo for cash and LuxCo´s newly issued 8.50 percent Secured Notes due 2022 ; and 8.75 percent Perpetual Notes issued by Finance for newly issued 8.50 percent Secured Notes due 2028.

The New Notes will be guaranteed by the company and VRG Linhas Aéreas S.A.

D.F. King & Co., Inc. has been appointed as the information agent and the exchange agent for the Exchange Offer.

PJT Partners is serving as financial advisor to GOL. Milbank, Tweed, Hadley & McCloy LLP and Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados are serving as legal advisors to GOL.