GOL Announces Notice to the Market: GOL and WEBJET Execute an Agreement for Preservation of the Reversibility of the Transaction With the Brazilian Antitrust Authority

SAO PAULO, Oct. 27, 2011 /PRNewswire/ - GOL Linhas Aereas Inteligentes S.A. (BM&FBovespa: GOLL4 and NYSE: GOL) (S&P/Fitch: BB/BB-, Moody’s: B1), the largest low-fare, low-cost airline in Latin America, hereby informs that, the Brazilian Administrative Council for Economic Defense (Conselho Administrativo de Defesa Economica- “CADE”) and the companies VRG Linhas Aereas S.A., a company controlled by the Company, and Webjet Linhas Aereas S.A. executed an Agreement of Preservation of the Reversibility of the Transaction (“APRO”), referring to the acquisition of 100% (one hundred percent) of the capital stock of Webjet by VRG, as informed in the Relevant Fact disclosed on August 2, 2011.

The mentioned Agreement resulted from a negotiation between the Companies and CADE, and its purpose is to ensure the reversibility of the transaction and the preservation of the assets until a final decision is rendered by CADE, through the measures aiming to preserve market conditions during the assessment of the competitive effects of the transaction.

The Agreement ensures management autonomy in both companies, including with regard to GOL’s “Smiles” program. Without implying any reduction in Webjet’s capacity, the Agreement envisages a code sharing arrangement between the companies in order to optimize the route network and increase the options available to customers.

An independent audit firm will be contracted to monitor compliance with the terms agreed to by the parties. The Agreement represents another phase in the Webjet acquisition process.

The companies will remain committed to executing their strategies with the objective of creating value for their employees, shareholders and customers.