AUGUST 16TH, 2016

GOL reviews its guidance for 2016

São Paulo, August 15, 2016 – GOL Linhas Aéreas Inteligentes S.A. – “GLAI” (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: CCC, Fitch: CC and Moody’s: Caa3), Brazil’s largest air transportation and travel services group, with annual revenues of R$10 billion, today announced a revision to its 2016 guidance, disclosed in the material fact of December 07, 2015 and revised in the material fact of March 29, 2016.

Given the impact of the economic scenario, the Company’ guidance may be revised in order to incorporate the evolution of its operating and financial performance and any eventual changes in interest rate, exchange rate, GDP and WTI and Brent oil price trends.