GOL subsidiary Smiles files for IPO

São Paulo, February 27, 2013 – 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, in compliance with Article 157, Paragraph 4 of Law 6,404 of December 15, 1976, as amended, and pursuant to Article 2 of the Brazilian Securities and Exchange Commission (“CVM”) Rule 358 of January 3, 2002, as amended, informs that its subsidiary, Smiles S.A. (“Smiles”), filed today with CVM, the request for the registration of Smiles as a publicly-held company and the initial public offering of shares (“IPO”) to take place in Brazil, at the non-organized over-the-counter market, under the terms of CVM Rule 400 of December 29, 2003, as amended (“CVM Rule 400”) and CVM Rule 480 of April 4, 2000, as amended, with placement efforts abroad (“Offering”). It´s expected that the common shares be accepted for trading at the BM&FBOVESPA Corporate Governance Novo Mercado (New Market). The IPO is conditioned on the registration of Smiles as a public company by CVM and market conditions.

Pursuant to Article 53 of CVM Rule 400, Smiles will appropriately notify the market on information about (a) other characteristics of the Offering, (b) places where the preliminary Offering Memorandum will be available, © the estimated dates and places where the Offering will be published and (d) the conditions, procedures, reservation period and book building period, as well as any and all information concerning the offering.

Smiles is one of Brazil’s largest coalition programs, which includes more than 9 million members. This a multi-brand loyalty program for several companies, including GOL, its main business partner and the airline with the highest number of flights connecting Brazil’s busiest airports. Information regarding Smiles are available on the website (www.voegol.com.br/smiles).