GOL announces readjustment of the transfer price of airline tickets and miles by its Loyalty Program

GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3: GOLL4), Brazil’s #1 airline, informs its shareholders and the market in general that the readjustment of the transfer price was calculated as provided in the Miles and Airline Ticket Purchase Agreement ("Agreement") signed on December 28, 2012 between (i) GOL Linhas Aéreas Inteligentes S.A. ("GLAI"), controlling Shareholder of Smiles Fidelidade S.A. ("Smile") and GOL Linhas Aéreas S.A. ("GLA"), (ii) GLA, provider, client and controlled by GLAI, and (iii) Smiles Fidelidade S.A., controlled by GLAI.
The readjustment will be as follows: (i) the price of standard airline tickets sold by GLA to Smiles will decrease by 0.6%; (ii) the price of miles sold to GLA by Smiles will decrease by 1.5%. The Smiles’ Independent Committee and Board of Directors unanimously approved the mentioned adjustments…