AVIANCA HOLDINGS S.A. SUCCESSFULLY PRICED A $250 MILLION INTERNATIONAL BOND DUE 2020

· Avianca Holdings S.A., together with its subsidiary companies Grupo Taca Holdings Limited and Avianca Leasing, LLC, as co-issuers, successfully reopened its international bond and priced a US$250 million bond offering in the international capital markets.

· The offering was oversubscribed by more than 3.5 times, achieving a Yield to Date of 7.44%

Avianca Holdings S.A., together with its subsidiary companies Grupo Taca Holdings S.A. and Avianca Leasing, LLC, as co-issuers, successfully priced a reopening of its international bond due 2020. The 2020 bond, which was first issued on May 10, 2013 at an 8.375% coupon rate, has improved by about 80 basis points to date. In accordance with this positive trend, as well as the affirmation of S&P’s and Fitch’s encouraging Bond Rating of B+, the Company decided to retap the international bond market.

Avianca Holdings S.A. priced US$250 million reopening of its 2020 bonds at a 7.44% yield to maturity in an offering that was oversubscribed by more than 3.5 times. Settlement is scheduled to occur on April 8, 2014, and the proceeds of this issuance will be allocated primarily to fleet financing and other general corporate purposes.