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GOL Announces the Segregation of the Activities Related to the Smiles



    GOL Announces the Segregation of the Activities Related to the Smiles

PR Newswire

SAO PAULO, Dec. 21, 2012

SAO PAULO, Dec. 21, 2012 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A.
(BM&FBovespa: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B+, Moody`s: B3), the
largest low-cost and low-fare airline in Latin America ("Company"), hereby
announces the segregation of the activities related to the "Smiles" loyalty
program, currently managed by the subsidiary VRG Linhas Aereas S.A. ("VRG")
and which will henceforth be conducted by Smiles S.A., a recently constituted
company controlled by the Company.  

As previously announced to the market, the Company is analyzing the
possibility of holding an initial public offering (IPO) of Smiles S.A.,
although there is no estimate or prediction as to when these analyses will be
concluded. The Company would like to emphasize that that no decision has been
taken regarding this matter and that it may or may not conduct the IPO or an
alternative operation in regard to Smiles S.A.The Company announces that the
decision to hold an IPO is subject to national and international capital
market conditions and prior registration with the Brazilian Securities and
Exchange Commission (CVM), as well as the other formalities applicable to this
kind of operation.

To access the document full version, visit our website at
www.voegol.com.br/ir.

CONTACTS

INVESTOR RELATIONS
Edmar Lopes – CFO
Andre Brandi - Planning and IR Manager
Gustavo Mendes - Investor Relations
Phone: (11) 2128-4700

E-mail: ri@golnaweb.com.br
Website: www.voegol.com.br/ri
Twitter: @GOLinvest

CORPORATE COMMUNICATIONS
Phone: (11) 2128-4413
E-mail: comcorp@golnaweb.com.br
Twitter: @GOLcomunicacao

MEDIA RELATIONS
Edelman (USA and Europe): Meaghan Smith and Robby Corrado
Phone: +1 (212) 704-8196 / 704-4484
E-mail: meaghan.smith@edelman.com or robert.corrado@edelman.com

ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.

GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the
largest low-cost and low-fare airline in Latin America, offers around 900
daily flights to 65 destinations in 10 countries in South America, Caribbean
and the United States under the GOL and VARIG brands, using a young, modern
fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most
efficient and most economical of their type.

SOURCE GOL Linhas Aereas Inteligentes S.A.

Website: http://www.voegol.com.br/ir
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