GOL Exchange Offer Provides Additional Premium for Increased Participation

SAO PAULO, June 29, 2016 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. "GOL" or "Company" (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: CC, Fitch: C and Moody's: Caa3), the largest low-cost and best-fare airline in Latin America, as part of its private Exchange Offer announced on May 3, 2016, reminds its noteholders that it is offering additional consideration (the "Participation Premium"), if noteholders holding more than 60% of the aggregate principal amount of the Existing Notes participate in the Exchange Offer.

The Participation Premium offered by GOL is as follows: If holders of more than 60% of the aggregate principal amount of the Old Notes participate in the Exchange Offer, then exchanging holders will receive additional consideration in New Notes equal to 2.5% of the par value of the 2017 Notes, and equal to 5% of the par value of the Old 2020, 2022, 2023 and Perpetual Notes.

Considering the revised terms of the Exchange Offer, announced on June 20, 2016, unsecured noteholders have the opportunity to exchange their securities at approximately a 50% premium to their current market value on May 3, when GOL launched the Exchange Offer, for cash consideration and New Notes secured by collateral. 

The Exchange Offer deadline is Friday, July 1, 2016 at 11:59 PM New York City time. For more information and to participate in the private Exchange Offer, eligible noteholders can visit the following website: www.dfking.com/gol.

Investor Relations

Media Relations
Marcelo Mota
In Press Porter Novelli
+55 11 94547 7447

Michael Freitag, Meaghan Repko and Dan Moore
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gol-exchange-offer-provides-additional-premium-for-increased-participation-300292344.html

SOURCE GOL Linhas Aereas Inteligentes S.A.

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