Citi Appointed Successor Depositary Bank for GOL Linhas Aéreas Inteligentes S.A.’s ADR Program

New York, NY - August 24, 2011 – Citi today announced that its Global Transaction Services business, acting through Citibank, N.A., has been appointed by GOL Linhas Aéreas Inteligentes S.A. ("GOL") as the successor depositary for its American Depositary Receipt (ADR) program. Each American Depositary Share represents 1 preferred share and trades on the New York Stock Exchange under the symbol "GOL"

"GOL is pleased and confident to have selected Citibank as its ADR depositary," said Leonardo Pereira, GOL’s CFO.

"We are delighted that GOL Linhas Aéreas Inteligentes S.A. has appointed Citi as successor depositary bank for its ADR program," said Dirk Jones, Global Head of Securities and Fund Services Client Sales Management at Citi. "Leveraging Citi’s DR investor relations expertise and unmatched global distribution network, we look forward to working closely with GOL as they continue to expand their global profile and shareholder base worldwide."

For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.

Global Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the second quarter of 2011, it held on average $365 billion in liability balances and $13.5 trillion in assets under custody.

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About GOL Linhas Aéreas Inteligentes S.A.
GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and BM&FBOVESPA: GOLL4), (S&P/Fitch: BB-/BB-, Moody’s: Ba3), the largest low-cost and low-fare airline in Latin America, offers more than 940 daily flights to 63 destinations that connect all the important cities in Brazil and 13 major destinations in South America and Caribbean. The Company operates a young, modern fleet of Boeing 737 Next Generation aircraft, the safest and most comfortable of its class, with high aircraft utilization and efficiency levels. Fully committed to seeking innovative solutions through the use of cutting-edge technology, the Company - via its GOL, VARIG, GOLLOG, SMILES and VoeFácil brands - offers its clients easy payment facilities, a wide range of complementary services and the best cost-benefit ratio in the market. Additional information may be found at: http://www.voegol.com.br

About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi