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SO PAULO, March 24, 2021 /PRNewswire/ -- GOL Linhas Areas Inteligentes S.A. ("GOL"), (NYSE: GOL and B3: GOLL4), in compliance with the provisions on paragraph 4, Article 157 of Law no. 6.404, of December 15, 1976, as amended, and in CVM Rule No. 358/2002, announces, within the scope of the reorganization disclosed in the Material Fact on February 12, 2021, that, if implemented, will result in the migration of the SMILES Fidelidade S.A. ("SMILES") shareholder base to GOL ("Reorganization"), and as permitted under Section 1.1.1 of the Reorganization's Protocol and Justification, its decision to increase the consideration offered to the shareholders of SMILES, that representsan implicit price of R$27 per share paid to SMILES' shareholders, so that, should the Reorganization be approved in the extraordinary general meetings of GOL and SMILES, shareholders of SMILES will receive, for each common share issued by SMILES that they own: I) (a) an amount in Brazilian currency of R$9.14, adjusted as provided in the Protocol and Justification; and (b) 0.6601 preferred shares issued by GOL, adjusted as provided for in the Protocol and Justification (Base Exchange Ratio); or II) (a) an amount in Brazilian currency of R$22.54, adjusted as provided for in the Protocol and Justification; and (b) 0.1650 preferred shares issued by GOL, at the discretion of the SMILES shareholders that, in the latter case, must exercise the option as described in Section 3 of the Protocol and Justification (Optional Exchange Ratio). GOL clarifies that all other conditions contained in the February 12, 2021 Material Fact and in the Protocol and Justification remain unchanged. Investor Relations[emailprotected]www.voegol.com.br/ir+55(11) 2128-4700 Media RelationsBecky Nye, Montieth & Company[emailprotected] About GOL Linhas Areas Inteligentes S.A.GOLserves more than 36 million passengers annually. With Brazil's largest network, GOLoffers customers more than 750 daily flights to over 100 destinations in Brazil and in South America, the Caribbean and the United States. GOLLOG's cargo transportation and logistics business serves more than 3,400 Brazilian municipalities and more than 200 international destinations in 95 countries. SMILESallows over 16 million registered clients to accumulate miles and redeem tickets to more than 700 destinations worldwide on the GOL partner network. Headquartered in So Paulo, GOL has a team of approximately 14,000 highly skilled aviation professionals and operates a fleet of 128 Boeing 737 aircraft, delivering Brazil's top on-time performance and an industry leading 20-year safety record. GOL has invested billions of Reais in facilities, products and services and technology to enhance the customer experience in the air and on the ground. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4). For further information, visit www.voegol.com.br/ir. DisclaimerThe information contained in this press release has not been subject to any independent audit or review and contains "forward-looking" statements, estimates and projections that relate to future events, which are, by their nature, subject to significant risks and uncertainties. All statements other than statements of historical fact contained in this press release including, without limitation, those regarding GOL's future financial position and results of operations, strategy, plans, objectives, goals and targets, future developments in the markets in which GOL operates or is seeking to operate, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "will", "may", "project", "estimate", "anticipate", "predict", "seek", "should" or similar words or expressions, are forward-looking statements. The future events referred to in these forward-looking statements involve known and unknown risks, uncertainties, contingencies and other factors, many of which are beyond GOL's control, that may cause actual results, performance or events to differ materially from those expressed or implied in these statements. These forward-looking statements are based on numerous assumptions regarding GOL's present and future business strategies and the environment in which GOL will operate in the future and are not a guarantee of future performance. Such forward-looking statements speak only as at the date on which they are made. None of GOL or any of its affiliates, officers, directors, employees and agents undertakes any duty or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law. None of GOL or any of its affiliates, officers, directors, employees, professional advisors and agents make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved, and such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. Although GOL believes that the estimates and projections in these forward-looking statements are reasonable, they may prove materially incorrect and actual results may materially differ. As a result, you should not rely on these forward-looking statements. SOURCE GOL Linhas Areas Inteligentes S.A. Related Links http://www.voegol.com.br/ir

Answer: GOL announces Material Fact USA - English Brazil - Portugus