GOL: PRASK INCREASED 3% OVER JULY 2011

SÃO PAULO, AUGUST 14, 2012 – 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, hereby announces that total supply in July fell by 6.5% year over year, accompanied by a domestic load factor of 77.1%, the highest figure in six years.

SUPPLY
In July, GOL’s domestic supply fell by 9.2% over the same month last year, chiefly due to the flight rationalization strategy that began in March 2012, which led to the discontinuation of around 130 daily flights.

At the end of July/2012, GOL’s route network comprised approximately 810 daily flights, versus 940 in July 2011. This trend is in line with the Company’s target of reducing domestic supply in between 2% and 4,5% over last year.

Supply on GOL’s international route network increased by 24.8% year over year, primarily due to: (i) realization of seven charter operations to Miami; and (ii) realization of 13 charter operations to Orlando.

DEMAND
GOL’s domestic demand fell by 7.0% over July 2011, 1.8 percentage points below ASK, ensuring more efficient fleet utilization, in line with the strategy of increasing load factor.

International demand posted a year over year increase of 20.0%, due to the flights to Miami and Orlando.

LOAD FACTOR, YIELD AND FUEL
GOL’s total load factor came to 77.1% in July, 1.3 percentage points higher than in the same month last year. Net yields edged up by around 1% year over year to between 18.7 and 19.2 cents (R$).
Net PRASK moved up by close to 3% over July 2011.
Fuel prices** recorded a year over year upturn of approximately 14,8%.

• 2011 RPK adjusted in accordance with the operating data recalculated based on the current DCA Manual.
  • The price per liter of fuel considers total fuel and lubricant expenses divided by estimated consumption in the period

WEBJET
Webjet continued with its consistent business proposal and its supply grew by 14.2% over July 2012 due to the addition of seven Boeing 737-800 aircraft in 2012 (sub-leased from GOL). This increase was partially offset by the initial withdrawal of four Boeing 737-300s from the operational fleet due to the pre-devolution maintenance period. The table below shows Webjet’s traffic figures and consolidates these with GOL’s in the presented periods.