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GOL Receives Waiver And Announces Non-Recurring Effect Related To Webjet

Stocks in this article: GOL

SAO PAULO, Feb. 4, 2013 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B+, Moody's: B3), the largest low-cost and low-fare airline in Latin America, hereby informs its shareholders and the market in general that on February 1, 2013, the Annual Debenture Holders' Meeting deliberated on the waiver of debenture holders in relation to non-compliance with restrictive contractual clauses, particularly financial indices and limits, in relation to the 4th and 5th issue of debentures issued by VRG Linhas Aereas S.A. ("VRG"), a subsidiary of the Company.

In addition to the material fact of November 23, 2012, which dealt with the initial winding up of its subsidiary Webjet, the Company announces that there was a non-recurring impact of approximately R$140 million of costs and provisions on 4Q12 results. The estimated impacted, resulted from the winding up procedures, mainly refer to personnel costs and provisions for the return and maintenance of Webjet's Boeing 737-300 aircraft. These measures should make the Company more efficient in terms of fuel consumption and passenger comfort.

CONTACTS

INVESTOR RELATIONS Edmar Lopes - CFO Andre Brandi - Planning and IR Manager Gustavo Mendes - Investor Relations Jenifer Nicolini - Investor RelationsPhone: (11) 2128-4700

E-mail: ri@golnaweb.com.br Website: www.voegol.com.br/ri Twitter: @GOLinvest

CORPORATE COMMUNICATIONSPhone: (11) 2128-4183E-mail: comcorp@golnaweb.com.brTwitter: @GOLcomunicacao

ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.

GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 900 daily flights to 65 destinations in 10 countries in South America, Caribbean and the United States under the GOL and VARIG brands, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most efficient and most economical of their type.

SOURCE GOL Linhas Aereas Inteligentes S.A.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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