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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
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GOL Announces the Segregation of the Activities Related to the Smiles

SAO PAULO, Dec. 21, 2012 /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 ("Company"), hereby announces the segregation of the activities related to the "Smiles" loyalty program, currently managed by the subsidiary VRG Linhas Aereas S.A. ("VRG") and which will henceforth be conducted by Smiles S.A., a recently constituted company controlled by the Company.  

As previously announced to the market, the Company is analyzing the possibility of holding an initial public offering (IPO) of Smiles S.A., although there is no estimate or prediction as to when these analyses will be concluded. The Company would like to emphasize that that no decision has been taken regarding this matter and that it may or may not conduct the IPO or an alternative operation in regard to Smiles S.A.The Company announces that the decision to hold an IPO is subject to national and international capital market conditions and prior registration with the Brazilian Securities and Exchange Commission (CVM), as well as the other formalities applicable to this kind of operation.

To access the document full version, visit our website at www.voegol.com.br/ir.

CONTACTS

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

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

CORPORATE COMMUNICATIONS
Phone: (11) 2128-4413
E-mail: comcorp@golnaweb.com.br
Twitter: @GOLcomunicacao

MEDIA RELATIONS
Edelman (USA and Europe): Meaghan Smith and Robby Corrado
Phone: +1 (212) 704-8196 / 704-4484
E-mail: meaghan.smith@edelman.com or robert.corrado@edelman.com

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.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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