GOL Issues Guaranteed Notes to Finance Engine Maintenance

São Paulo, February 14, 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, has issued a single series of Guaranteed Notes (“Guaranteed Notes”) in the amount of US$40.7 million, priced through a capital market operation with an all-in cost of 0.62% p.a. The transaction represents the continuation of engine maintenance financing from the Export-Import Bank of the United States (Ex-Im Bank).

The financing with financial guarantee from the Ex-Im Bank will have a two-year term and will be used to finance the CFM56-7B maintenance engines by Delta TechOps, the maintenance division of Delta Air Lines, further reinforcing the strategic partnership between the companies entered into at the beginning of 2011.