SAO PAULO, July 8, 2011 /PRNewswire/ — GOL Linhas Aereas Inteligentes S.A. (BM&FBovespa: GOLL4 e NYSE: GOL), (S&P/Fitch: BB-/BB-, Moody’s: Ba3) (“Company”), the largest low-cost and low-fare airline in Latin America, pursuant to CVM Instruction 358/2002 hereby informs its shareholders and the market in general that, on this date:

(i) VRG Linhas Aereas S.A. (“VRG”), its affiliated Company, executed a memorandum of understanding with the controlling shareholders of Webjet Linhas Aereas S.A., (“WebJet”), for the acquisition of 100% of WebJet’s capital stock by VRG;

(ii) the acquisition is subject to among other conditions, the conclusion of technical and legal due diligence of WebJet’s activities and assets, the negotiation and execution of definitive documents by the parties and the approval from the relevant government authorities;

(iii) the price to be paid for the referred acquisition shall be R$96,000,000.00 (ninety six million Reais), subject to certain adjustments prior to the closing date. WebJet’s enterprise value was appraised by the parties at R$310,700,000.00 (three hundred and ten million and seven hundred thousand Reais).

The Company will keep its shareholders and the market informed of any further developments regarding this Material Fact.

The Company will hold a conference call with a presentation on this matter, the details of which are given below:

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

Contact
Investor Relations
Leonardo Pereira – CFO
Edmar Lopes– Capital Markets Officer
Raquel Kim – Investor Relations
Gustavo Mendes – Investor Relations
Phone.: (55 11) 2128-4700
E-mail:ri@golnaweb.com.br
Website:www.voegol.com.br/ir/
Twitter:www.twitter.com/GOLinvest

Corporate Communications
Phone.: (55 11) 2128-4413
E-mail:comcorp@golnaweb.com.br
Twitter: www.twitter.com/GOLcomunicacao

Media Relations
Edelman (USA and Europe):
Meaghan Smith and Robby Corrado
Phone.: +1 (212) 704-8196 / 704-4590
E-mail:meaghan.smith@edelman.com
Or robert.corrado@edelman.com

SOURCE GOL Linhas Aereas Inteligentes S.A.