MAY 17TH, 2016

Deadline for GOL Bondholders to Receive Early Acceptance Premium Expires Today

SAO PAULO, May 17, 2016 /PRNewswire/ — GOL Linhas AĆ©reas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: CC, Fitch: C and Moody’s: Caa3), the largest low-cost and best-fare airline in Latin America, reminds unsecured bondholders that the deadline to qualify for the “Early Acceptance Premium,” which is equal to 5% of the original face value, for tendering outstanding bonds in its private Exchange Offer, is today at 5:00 p.m. New York City time (6:00 p.m. Brasilia time).

The premium of approximately 10% to 50% offered over current market prices includes the Early Acceptance Premium of 5% of the original face value for holders of the Senior Notes maturing in 2017, 2020, 2022 and 2023 and holders of the Perpetual Notes.

For more information and to participate in the private Exchange Offer, eligible bondholders can visit the following website: www.dfking.com/gol