GOL Announces Conclusion of Senior Notes Offering due 2022

São Paulo, September 18, 2014 – GOL Linhas Aéreas Inteligentes S.A. (“Company”) (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B-, Moody’s: B3), the largest low-cost and best-fare airline in Latin America, announced that on September 18, 2014, it has priced an offering of US$325 million 8.875% Senior Notes due 2022 (“Notes”), in a transaction exempt from registration under the Unites States Securities Act of 1933, as amended (“Securities Act”).

GOL Linhas Aéreas Inteligentes S.A. is the guarantor of the Notes issued by its subsidiary, Gol LuxCo S.A. (“Gol LuxCo”). The Notes constitute senior unsecured obligations of Gol LuxCo and may be redeemed after four years. Gol LuxCo intends to use the proceeds from the offering primarily to purchase for cash any and all of (i) Gol LuxCo outstanding 10.750% senior notes due 2023; (ii) Gol Finance outstanding 9.250% senior notes due 2020; and (iii) Gol Finance outstanding 7.50% senior notes due 2017, tendered in connection with the previously announced tender offers.

The Notes were not and will not be registered pursuant to the Securities Act and may not be offered or sold (a) in the United States, expect by 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 purchase request.