São Paulo, July 31, 2019 – GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4) (“Company”), informs shareholders and the market in general that its Board of Directors today approved a share repurchase program, in accordance with Article 30, §1, “b” of Law No. 6404, dated December 15, 1976, as amended (“Brazilian Corporations Law”), and CVM Instruction No. 567/2015 (“CVMI 567”), to be conducted solely in the local Brazilian market, whereby the Company may repurchase up to three million (3,000,000) preferred shares, to be completed in the next twelve (12) months, beginning August 1, 2019 and ending July 31, 2020. The repurchase program, as a continuing policy of the Company, aims to maximize shareholder value through efficient management of the Company’s capital structure.

As of the date hereof, the Company has 268,290,641 preferred shares outstanding, all nominative, book-entry and without par value, and has 6,390 preferred shares held in treasury.

Preferred share repurchases will be conducted on the B3 S.A. – Brasil, Bolsa, Balcão at market prices and subject to market and economic conditions, applicable legal requirements and other relevant factors.

Preferred share repurchases will be limited to the amount of the Company’s capital reserve account eligible for repurchases, pursuant to the applicable law.