São Paulo, April 30, 2020 – GOL Linhas Aéreas Inteligentes S.A. (“GOL” or “Company”) (NYSE: GOL and B3: GOLL4, announces to its shareholders and the market in general that its board of directors homologated on the date hereof an increase in the Company’s capital stock, within the limit of its authorized capital, in the amount of R$726,645.28, upon the issuance of 197,109 preferred shares, with no par value, as a result of the exercise of stock purchase options granted under the Company’s Stock Purchase Option Plan (“Stock Purchase Option Plan”).

The preferred shares issued are identical to existing preferred shares and, under the terms of the Stock Purchase Option Plan, will be entitled to the same rights granted to existing preferred shares, including the receipt of dividends and interest on capital.

The preferred shares were issued with the exclusion of preemptive rights of the Company’s shareholders, as approved pursuant to the provisions of Article 171, §3, of Law No. 6404, dated December 15, 1976, as amended.

The total issue price is R$726,645.28, in accordance with the Stock Purchase Option Plan, representing R$3.6865149739 per preferred share.

As a result of the capital increase, the Company’s capital stock will be increased from R$3,163,795,859.16 to R$3,164,522,504.44, represented by 3,137,561,833 shares, of which 2,863,682,710 are common shares and 273,879,123 are preferred shares, all nominative with no par value.