Material Fact Announced by GOL

São Paulo, February 8, 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, hereby announces that in a meeting held today, the Board of Directors have authorized the management of Smiles S.A. (“Smiles”), a subsidiary of the Company, to take the necessary actions to submit the registration of Smiles as a public company and execution of the IPO (initial public offering) with the Brazilian Securities and Exchange Commission (CVM), as well as other formalities associated with this type of operation, whose the effective realization is conditioned on market conditions. The Company will keep the market informed of any important future developments regarding this matter.

Any shares offered in a potential IPO, if any, were not and will not be registered pursuant to the Securities Act and may not be offered or sold (a) in the United States absent registration under the Securities Act or an exemption from the applicable registration in accordance with the Securities Act, or (b) in any other jurisdiction in which such an offer or sale is prohibited. This notice to the market does not constitute a sale offer or a solicitation of an offer of any securities.