GOL Closes a US$68 Million Financing of Seven Years

São Paulo, July 1 2014 – 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 it has closed a financing of US$68 million with Credit Agricole Corporate and Investment Bank (“Ca-Cib”), guaranteeing 12 proprietary spare CFM56-7B engines, with the possibility of increasing an additional US$100 million for future proprietary engine deliveries.

The financing is over seven years at a cost of Libor+225bps, with quarterly amortizations of the principal and interest as of September 2014. The operation is in line with GOL’s strategy of maintaining high liquidity and making rational use of this liquidity in order to reduce the cost of the Company’s debt.