GOL Announces SMILES' IPO

PR Newswire

SAO PAULO, April 26, 2013

SAO PAULO, April 26, 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 that,
on April 25, 2013, the bookbuilding process regarding the primary public
offering of common shares issued by its subsidiary SMILES S.A. ("Offering" and
"SMILES") was concluded, as per commencement notice published today by SMILES.
The Offering's share price was established at R$21.70, and 46,376,811,
including hot issue fully exercised, new common shares were issued, for a
total of R$1,006,376,798.70. To complement the material fact dated April 8,
2013, the Company informed that, in compliance with the Investment Agreement
entered into between the parties on April 5, 2013, General Atlantic subscribed
R$400,0 million for SMILES shares, which will be settled within the scope of
the Offering.

An approximate amount of R$953.6, which represents the net funds raised after
deducting Offering's commissions and expenses (this amount can be increased in
R$120 million if the green is issued). The proceeds will be used by SMILES
for the advance purchase of airline tickets from VRG Linhas Aereas S.A.,
Company's subsidiary, at a discount rate on airline ticket cost between 140%
and 150% of CDI. The Company believes that the purchase of airline tickets
will be concluded in the next 30 days.

As previously mentioned, the Company granted General Atlantic (or a person
appointed by it) a stock option regarding SMILES shares held by the Company,
to be exercised within twelve (12) months as of the Offering's financial
settlement. General Atlantic will have the option to acquire up to R$80
million in SMILES shares, for the Offering's same share price, restated
between the Offering's financial settlement date and the stock option exercise
date, based on CDI variation.

For further information visit www.voegol.com.br/ir

Edmar Lopes - CFO
Andre Carvalho - 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

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

SOURCE GOL Linhas Aereas Inteligentes S.A.

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