São Paulo, August 4, 2017 - GOL Linhas Aéreas Inteligentes S.A. ("GLAI"), (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, in compliance with the provisions of §4 of article 157 of Law No. 6.404, dated December 15, 1976, as amended ("Brazilian Corporations Act") and of CVM Instruction No. 358/2002 ("ICVM 358"), and in furtherance of the Material Facts published on June 6th and 30th, 2017 and July 1st , 2017, hereby informs, as disclosed in the Material Fact published on the date hereof by Smiles S.A. ("Smiles"), a company merged into Smiles Fidelidade S.A. (formerly Webjet Participações S.A., hereinafter referred to as "Smiles Fidelidade"), that on August 3rd, 2017 the term for the exercise by the shareholders of Smiles of the right to withdraw from Smiles as a result of the merger has expired. During the exercise period, none of the shareholders of Smiles exercised the withdrawal right, and, therefore, Smiles' management informed that it does not intend to exercise the option set forth in the 3rd paragraph of article 137 of the Brazilian Corporations Act.
Additional information concerning the merger was made available by Smiles on the periodic information system of the Brazilian Securities and Exchange Commission and is available to the shareholders on the webpages of CVM (www.cvm.gov.br), BM&FBOVESPA (www.bvmf.com.br) and Smiles (http://ri.smiles.com.br).