Notice Pantanal Linhas Aéreas – End of operations with 45-seat aircrafts

Sao Paulo, July 7th, 2011 – (BM&FBOVESPA: TAMM4/NYSE: TAM) – We inform that Pantanal is anticipating for today (July 7th) the end of its operations with 45-seat aircrafts in the cities of Araçatuba, Bauru, Ribeirão Preto and São José do Rio Preto, in the state of São Paulo, and Juiz de Fora and Uberaba, in Minas Gerais – which was originally expected for the end of July. In Bauru, we are maintaining the operation with Airbus A319 aircrafts. In the pursuit of offering services with more quality and regularity to our clients, we have decided to focus as of now the operation within the standards of TAM Linhas Aéreas, which already serves directly the cities of Ribeirão Preto and São José do Rio Preto. In the other cities (Araçatuba, Juiz de Fora and Uberaba), the clients have available to them – in direct or connecting flights – the services from Trip Linhas Aéreas, with which we have a codeshare agreement.

We are certain that we are acting in the best interest of our clients and appreciate the understanding from our passengers. Those who had tickets purchased for traveling until July 31st may opt for re-accommodation in flights from Pantanal, TAM or partner companies, as the case may be, or for the full ticket reimbursement.