GOL Reviews Projections for 2013 and Reaffirms Operating Margin

São Paulo, August 12, 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 a review of its financial projections for the year of 2013.

All metrics were revisited, and three indicators have been changed:
i. The operating cost per available seat kilometer excluding fuel was changed to between R$9.5 and R$10.0 cents;
ii. The average exchange rate (R$/US$) for 2013 was changed to between R$2.10 and R$2.20;
iii. The fuel price* was changed to between R$2.38 and R$2.48.
The Company maintains its guidance for operating margin between 1% and 3% announced earlier this year.