São Paulo, August 04, 2017 - GOL Linhas Aéreas Inteligentes S.A. (“GLAI”), (B3: GOLL4 and NYSE: GOL), 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 6^th and 30^th, 2017 and July 1^st , 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 3^rd, 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 3^rd 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).

Investor Relations

ri@voegol.com.br  

www.voegol.com.br/ri

+55 (11) 2128-4700

About GLAI - GOL Linhas Aéreas Inteligentes S.A.

The largest transport and air travel services group in Brazil, with three main branches of activity: passenger transportation, cargo transportation and alliance loyalty programs. GOL is the largest air carrier in Brazil, transporting 33 million passengers in more than 700 daily flights to 63 destinations in Brazil and 11 international destinations in South American and in the Caribbean with a fleet of more than 120 Boeing 737 aircraft, and additional orders placed for other 120 Boeing 737 aircraft. GOLLOG is the leading cargo transportation and logistics division that services more than 2,200 Brazilian municipalities and, through its partners, 195 international destinations in 95 countries. SMILES is one of the largest alliance loyalty programs in Latin America, with more than 12 million recorded participants, allowing customers to accumulate miles and redeem air tickets to more than 700 locations around the world. GOL has a labor count of more than 15,000 highly qualified aviation professionals who deliver the most punctual performance in Brazil, GOL being the industry leader recording a safety history of 16 years. GOL´s stocks are traded at B3 (GOLL4) and in NYSE (GOL).

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.