GOL Announces Code-Share Agreement with Aerolíneas Argentinas

São Paulo, February 17, 2014 – GOL Linhas Aéreas 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, announces that its subsidiary VRG Linhas Aéreas S.A. (“VRG”) celebrated code-share agreements with Aerolíneas Argentinas S.A. (“Aerolíneas Argentinas”) and Austral Líneas Aéreas – Cielos del Sur S.A. (“Austral”), a member company of the Aerolíneas Argentinas group. These agreements seek to further strengthen GOL’s presence in the Argentinean market, contributing to an even closer relation between the countries and offering a great quantity of destinations for both Companies’ customers.

The companies also celebrated a Frequent Flyer Program (“FFP”) agreement through which they will offer all customers the benefits of their respective mileage programs, GOL’s SMILES and Aerolíneas Argentinas’ Aerolíneas Plus. The agreement allows SMILES’ customers to accrue and redeem Aerolíneas Argentinas’ miles, with new options for international destinations.

The code-share agreements celebrated by VRG with Aerolíneas Argentinas and Austral were authorized with no restrictions by the Brazilian National Civil Aviation Agency (ANAC) on November 26, 2013, and by the Administrative Council of Economic Defense (CADE) on January 16, 2014, and are predicted to be implemented on the second quarter of 2014. In Argentina, both agreements have already been approved by the Argentinean National Administration of Civil Aviation.