GOL receives Waiver and Announces Non-Recurring Effect related to Webjet

   GOL receives Waiver and Announces Non-Recurring Effect related to Webjet

PR Newswire

SAO PAULO, Feb. 4, 2013

SAO PAULO, Feb. 4, 2013 /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, hereby informs its
shareholders and the market in general that on February 1, 2013, the Annual
Debenture Holders' Meeting deliberated on the waiver of debenture holders in
relation to non-compliance with restrictive contractual clauses, particularly
financial indices and limits, in relation to the 4th and 5th issue of
debentures issued by VRG Linhas Aereas S.A. ("VRG"), a subsidiary of the
Company.

In addition to the material fact of November 23, 2012, which dealt with the
initial winding up of its subsidiary Webjet, the Company announces that there
was a non-recurring impact of approximately R$140 million of costs and
provisions on 4Q12 results. The estimated impacted, resulted from the winding
up procedures, mainly refer to personnel costs and provisions for the return
and maintenance of Webjet's Boeing 737-300 aircraft. These measures should
make the Company more efficient in terms of fuel consumption and passenger
comfort.

CONTACTS

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

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

CORPORATE COMMUNICATIONS
Phone: (11) 2128-4183
E-mail: comcorp@golnaweb.com.br
Twitter: @GOLcomunicacao

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/ri
 
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