GOL LINHAS AÉREAS INTELIGENTES S.A.

CNPJ/MF nº 06.164.253/0001-87

NIRE 35.300.314.441

MINUTES OF THE BOARD OF DIRECTORS’ MEETING

HELD ON JUNE 30, 2016

I. Date, Time and Place: June 30, 2016, at 6:30 p.m., on Praça Comte. Linneu Gomes, S/N, Portaria 3 – Prédio 15 – Board of Directors’ Meeting Room, Jardim Aeroporto, São Paulo, CEP 04626-020 (“Company”). II. Attendance: All the members of the Board of Directors of the Company. III. Chairmanship of the Meeting: Mr. Constantino de Oliveira Junior was the chairman of the meeting, and invited me, Claudia Karpat, to act as secretary of the meeting; IV. Call Notice: Waived, due to the attendance of all the members of the Board of Directors. V. Agenda: To adopt a resolution on: (a) the granting of stock purchase options (“Options”), under the terms of the Long-Term Incentive Plan – Stock Purchase Option (“Stock Purchase Option Plan”), approved at the Special Shareholders’ Meeting on October 19, 2012, and (b) the granting of restricted share premiums (“Premiums”), under the terms of the Long-Term Incentive Plan – Restricted shares Plan (“Restricted Shares Plan”), approved at the Special Shareholders’ Meeting on October 19, 2012. VI. Resolutions: After the necessary explanations were provided, and after detailed review of the pertinent documents, it was unanimously approved: (a) grant up to four million, eight hundred and forty-two thousand, seven hundred and thirty-two (4,842,732) Options; and (b) to grant up to four million, seven thousand, and eighty-one (4,007,081) Premiums, considering that the grant/awards corresponds to the year 2016. For all purposes, in compliance to the terms and conditions of each Plan referred to herein, should be considered the date of April 30, 2016 as the granting date of the Options and the granting date of the Premiums, as approved by the People Management Policy and Corporate Governance Committee, which also approved the list of beneficiaries and volumes/quantities granted. VII. Adjournment of the Meeting and Drawing-up of these Minutes: The floor was offered to whoever might wish to use it, and since nobody did so, the meeting was adjourned for the necessary time for the drawing-up of these minutes. After the meeting was reopened, these minutes were read, checked and signed by the attendees. Signatures: Chairmanship of the Meeting: Constantino de Oliveira Junior – Chairman; Claudia Karpat – Secretary. Members of the Board of Directors: Constantino de Oliveira Junior, Henrique Constantino, Ricardo Constantino, Joaquim Constatino Neto, William Charles Carroll, Antonio Kandir, Germán Pasquale Quiroga Vilardo and Richard Freeman Lark Jr. I hereby certify that this is a faithful copy of the minutes drawn-up in the proper book.

São Paulo, June 30, 2016.

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