GOL Simplifies its Organizational Structure Seeking Synergies and Increased Efficiency

São Paulo, September 13, 2011 – GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL or the “Company”),(S&P/Fitch: BB-/BB-,Moody’s: B1), the largest low-cost and low-fare airline in Latin America, hereby announces an organizational restructuring, reducing its number of Vice-Presidencies from three to four and the number of areas from twenty-five to twenty-one. The new structure is in line with the strategy of streamlining the decision-making process and increasing synergies between the areas in an integrated and cooperative environment in line with the Company’s low-cost business model.

A new Customers and Market Vice-Presidency was set up, combining the former Vice-Presidency of Market and New Businesses and Vice-Presidency of Customers, Employees and Management.

In addition, the Communications, Innovation, Institutional Relations and Airport areas were absorbed by existing areas.

With the new structure, the Vice-President of Market and New Businesses, Claudia Pagnano, will be leaving the Company and we would like to take this opportunity to acknowledge her skills and professionalism.

The Customers and Market Vice-Presidency will be part of the front line (Airports and Service Center), responsible for the Sales, Marketing and Customer Service areas, and will be headed by Ricardo Khauaja.

The Financial, Investor Relations, Strategy and Information Technology Vice-Presidency, headed by Leonardo Pereira, will now be responsible for the SMILES Loyalty Program and will be treated as a separate business unit within GOL in order to increase its autonomy and focus.

The Technical Vice-Presidency, led by Captain Adalberto Bogsan, will now add Cabin Crew to its other areas of responsibility – Operations, Maintenance, Operational Control and Safety.

The Legal area will now include Institutional Relations and will report directly to the CEO.

According GOL’s CEO, Constantino de Oliveira Jr., “this simplified structure is in line with the Company’s strategic goals and its constant pursuit of greater efficiency, internal integration and increased competitiveness and marks an important step towards strengthening GOL’s presence in the business community”.

The changes were defined in accordance with the strictest governance standards with the participation throughout of the Board of Directors.