São Paulo, June 28, 2023 – Azul S.A., (B3: AZUL4, NYSE: AZUL) (“Azul” or the “Company”) and its subsidiary, Azul Investments LLP (“Issuer”), announce today an aggregate acceptance rate of 86% in its previously announced offers to exchange its 2024 and 2026 Senior Notes.

An amount of US$291,170,000 in principal of the 5.875% Senior Notes due 2024 representing 72.8% of the outstanding principal, and US$567,602,000 in principal of the 7.250% Senior Notes due 2026 representing 94.6% of the outstanding principal, have been validly tendered for exchange and not validly withdrawn.

“This is another key milestone in our comprehensive permanent plan which started with the successful negotiation with our lessors and OEMs and now continues with the overwhelming acceptance of our exchange offers with 86% participation. This comprehensive plan will significantly strengthen Azul’s capital structure and improve our cash generation. We have reached all of these agreements amicably, demonstrating the strength of our long-lasting, mutually beneficial relationships,” said Alex Malfitani, Azul’s CFO.

There can be no assurance that the conditions to either or both of the exchange offers will be satisfied or waived, or that either or both of the exchange offers will be consummated.

This communication is for information purposes only, in accordance with current legislation and shall not be interpreted or considered, for all legal purposes and effects, as an offering and/or promotional material for any securities. The offering of securities to be issued in the exchange offers have not been, and will not be, registered under the Securities Act of 1933, as amended.

Azul will keep investors and the general market updated on the progress of the exchange offers.