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GOL Announces Corporate Reorganization of Subsidiaries

Written by thomas · Filed Under Commercial 

September 26, 2008

thomas

Prior Approval from ANAC

SAO PAULO, Brazil, Sept. 25 /PRNewswire-FirstCall/ — GOL Linhas Aereas
Inteligentes S.A. (“GOL” — NYSE: GOL and Bovespa: GOLL4), the parent
company of Brazilian airlines GOL Transportes Aereos S.A. (“GTA”) and VRG
Linhas Aereas S.A. (“VRG”), in compliance with the provisions in paragraph
4 of article 157, of Law no. 6404/76, and in CVM Instruction no. 358/02,
hereby communicates to the market that the National Civil Aviation Agency
(“ANAC”) issued the prior approval for the corporate reorganization of its
subsidiary companies, GTA and VRG (“Reorganization”), with a view to merge
them into one single company (the “Successor Company”).

The Reorganization will be effective after the relevant corporate acts
are filed with the competent Commerce Registry.

As announced in the notice of relevant fact of July 30, 2008, the
Reorganization aims at improving operational structure of GOL’s subsidiary
companies. The Reorganization will allow increased efficiency in the air
transport services, since it will become possible to integrate the
operations of GTA and VRG, exploit synergies and broaden and improve
service offerings.

The brands “GOL” and “VARIG” will be maintained by the Successor Company.
The Reorganization will not affect in any manner whatsoever the rights of
GOL’s shareholders.

About GOL Linhas Aereas Inteligentes S.A.

GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4) is
the parent company of Brazilian airlines GOL Transportes Aereos S.A. and
VRG Linhas Aereas S.A. GTA offers over 630 daily flights to 56 destinations
connecting the most important cities in Brazil as well as the main
destinations in South America. VRG offers over 180 daily flights to 18
destinations in Brazil and South America. GTA and VRG operate a young,
modern fleet of Boeing aircraft, the safest and most comfortable aircraft
of its class, with low maintenance, fuel and training costs, and high
aircraft utilization and efficiency ratios. The Company’s service is
recognized as the best value proposition in the market.

SOURCE GOL Linhas Aereas Inteligentes S.A.

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