Smiles Fidelidade S A : Notice to Shareholders - Information on Corporate Reorganization

GOL LINHAS AÉREAS INTELIGENTES S.A.	SMILES Fidelidade S.A.
C.N.P.J./M.E. nº 06.164.253/0001-87	C.N.P.J./M.E. nº 05.730.375/0001-20
N.I.R.E. 35.300.314.441	N.I.R.E. 35.300.493.095

Notice to Shareholders

Information on the Corporation

Reorganization

São Paulo, May 7, 2021 - A GOL Linhas Aéreas Inteligentes S.A. ("GOL"), (B3: GOLL4 e NYSE: GOL), the largest

domestic Brazilian airline, and Smiles Fidelidade S.A. ("SMILES") (B3: SMLS3), in addition to the information disclosed in the Material Fact on February 12, 2021 ("Material Fact") and in the Notice to Shareholders on March 25, 2021, inform the following:

1 Withdrawal Result

End of Withdrawal Right Exercise Term. The term for the shareholders to exercise the right to withdraw from the resolution that approved the reorganization ended on April 28, 2021.

Withdrawal Right exercised.The withdrawal right was exercised over 176 preferred shares issued by GOL and 28,220 common shares issued by SMILES.

Reimbursement Amount.There was no payment for the withdrawal of shares issued by GOL, since the reimbursement amount was negative, and the total reimbursement amount due to the withdrawal of SMILES' shares was R$298,939.00.

Payment Date.The reimbursement amount for SMILES shares will be paid on May 12, 2021.

No Reconsideration.The management of SMILES and GOL will not exercise the option provided for in Paragraph 3, Article 137 of the Brazilian Corporate Law, so the Reorganization approval is not be subject to reconsideration or ratification by general meeting.

2 Exchange Ratio

For each SMILES common share, SMILES shareholders shall receive (a) an amount in Brazilian currency of R$5.11 (regarding the redemption of GOL redeemable Class B preferred shares); and (b) 0.6601 GOL preferred share ("Base Exchange Ratio").

SMILES Shareholders shall have from May 13, 2021 (inclusive) to May 31, 2021 (inclusive) ("Optional Exchange Ratio Period") to opt for the Optional Exchange Ratio, by which, for each SMILES common share, SMILES shareholders shall receive (a) an amount in Brazilian currency of R$18.51 (regarding the redemption of GOL redeemable Class C preferred shares), adjusted pursuant to the Protocol and Justification; and (b) 0.1650 GOL preferred share ("Optional Exchange Ratio"), adjusted pursuant to the Protocol and Justification, at the discretion of SMILES shareholders.

SMILES SHAREHOLDERS WHO DO NOT ELECT THE OPTIONAL EXCHANGE RATIO SHALL AUTOMATICALLY MIGRATE IN ACCORDANCE WITH THE BASE EXCHANGE RATIO.

SHAREHOLDERS WHO HAVE ELECTED THE OPTIONAL EXCHANGE RATIO SHALL HAVE THEIR POSITION BLOCKED FOR TRADING IN THE SECONDARY MARKET, HOWEVER SUCH SHAREHOLDER MAY REQUEST THE UNLOCKING UNTIL THE END OF THE ELECTION PERIOD BY THE EXCHANGE RATIO, WHICH SHALL IMPLY IN THE FORFEIT OF THE OPTIONAL EXCHANGE RATIO OPTION, SO A NEW MANIFESTATION SHALL BE NECESSARY.

2.1 Shares kept with the Bookeeper. SMILES Shareholders whose shares are kept with Itaú Corretora de Valores S.A. ("Bookkeeper") and who opt for the Optional Exchange Ratio shall contact the Shareholder Service Channel through the following numbers:

Capitals and metropolitan regions: (11) 3003-9285

Other location: 0800-720-9285

For account owners: (11) 4004-4828 (options 3-6-3)

Service hours are on business days, from 9 a.m. to 6 p.m.

The following documents shall be delivered to the Bookkeeper:

Individuals: (a) Identification Document (RG), (b) Individual Taxpayer Identification Number (CPF), (c) proof of address, and (d) letter of request signed by the shareholder, with certified signature, requesting the Optional Exchange Ratio, which must contain the number of shares held by the dissenting shareholder in relation to which the Optional Exchange Ratio shall be exercised.

Legal Entities: (a) original and copy of the bylaws and minutes of the election of the current executive board, or of the consolidated articles of organization in effect, (b) proof of registration with the National Register of Corporate Taxpayers (CNPJ), (c) Identification Document (RG), Individual Taxpayer Identification Number (CPF), and proof of address of their agents, and (d) letter of request signed by the shareholder, with certified signature, requesting the Optional Exchange Ratio, which must contain the number of shares held by the dissenting shareholder in relation to which the Optional Exchange Ratio shall be exercised.

Investment Funds: (a) original and copy of the last consolidated regulations of the fund, duly registered with the relevant body, (b) original and copy of the bylaws and minutes of the election of the current executive board, or of the consolidated articles of organization in effect, of the director and/ or manager of the fund (depending on the person authorized to appear and vote at shareholders' meetings related to the assets held by the fund), (c) proof of registration with the National Register of Corporate Taxpayers (CNPJ) of the fund and director and/ or manager of the fund, (d) Identification Document (RG), Individual Taxpayer Identification Number (CPF), and proof of address of their agents, and (d) letter of request signed by the shareholder, with certified signature, requesting the Optional Exchange Ratio, which must contain the number of shares held by the dissenting shareholder in relation to which the Optional Exchange Ratio shall be exercised.

Shareholders who are represented by proxy shall deliver, in addition to the documents referred to above, the respective power of attorney with certified signature, with a mandatory term of no more than one year.

2.2 Shares Held in B3.SMILES shareholders whose shares are held in custody with the Central Depositary of B3 S.A. - Brasil, Bolsa, Balcão, who wish to exercise the Optional Exchange Ratio shall, within the Optional Exchange Ratio Period, express their interest through their respective custody agents, and in accordance with the rules established by the Central Depositary.

3 Base Date, Credit of shares and Payment of redeemable preferred shares

For the purposes of the Merger of SMILES Shares, immediately followed by the Merger of GLA Shares by GOL, SMILES shareholders ("SMILES Shareholders") shall be considered those who hold SMILES shares by the end of the trading session on June 4, 2021 ("Base Date"), who shall receive for each SMILES common share owned, GOL preferred shares and installment in cash, depending on the exchange ratio chosen, as per item 2 above. The credit for these shares will take place on June 9, 2021.

Accordingly, as of June 7, 2021, SMILES shares will no longer be traded due to its merger by GOL.

On June 23, 2021 ("Settlement Date of the Transaction"), GOL shall pay SMILES Shareholders on the Base Date the cash portion of the Exchange Ratio, referring to the redemption of the class B and C redeemable preferred shares issued by GOL, as applicable and in the amounts below:

1. redeemable class B preferred shares issued by GOL for the amount of R$ 5.11 per redeemable class B preferred share issued by GOL ("Cash Portion"), adjusted as provided for in the Protocol and Justification reproduced below (after the adjustments, the "Redemption Amount for Each GOL Class B Redeemable Preferred Share"); and

1. redeemable class C preferred shares issued by GOL for the amount of R$ 18.51 per redeemable class
   C preferred share issued by GOL ("Cash Portion of the Optional Exchange Ratio"), adjusted as provided for in the Protocol and Justification reproduced below (after the adjustments, "Redemption Amount for Each GOL Class C Redeemable Preferred Share").

Under the terms of the Protocol and Justification, the Cash Portion and the Cash Portion of the Optional Exchange Ratio shall be reduced: (i) by the amount of any dividends, interest on own capital and other earnings declared and / or paid by SMILES up to and including the Date of Completion of the Transaction; and ii) by withholding income tax ("IRRF"), if applicable.

For SMILES Shareholders on the Base Date whose registration does not contain the inscription of the CPF / CNPJ number or the indication of "Bank / Branch / Current Account", the Redemption Amount for Each GOL Class B Redeemable Preferred Share or Redemption Amount for Each GOL Class C Redeemable Preferred Share will be credited shortly after the update of the registration with the Bookkeeper.

SMILES Shareholders whose shares are deposited in institutions providing securities custody services will have their rights credited in accordance with procedures adopted by depositary institutions.

4 Tax treatment of shares merger and redemption payment

4.1 Brazilian Resident shareholders

Gains earned by SMILES Shareholders individuals and legal entities resident in Brazil as a result of the merger of SMILES shares by GLA and later by GOL may be subject to Income Tax, in accordance with the legal and regulatory rules applicable to each category investor, and these investors shall be responsible for the eventual payment of said tax.

4.2 Non-residentshareholders

As for SMILES Shareholders non-resident in Brazil, IRRF will be withheld on capital gain, which will be deducted from the Cash Portion and the Cash Portion of the Optional Exchange Ratio (as applicable), based on the rates below.

The capital gain will correspond to the positive difference between:

• In the merger of SMILES shares into GLA: (i) the effective value attributed to GLA shares; and (ii) the acquisition cost of each SMILES share; and
• In the merger of GLA's shares into GOL: (iii) the effective value attributed to GOL's shares; and (iv) the acquisition cost of the newly acquired GLA shares.

The following rates will apply:

1. 25% (twenty-five percent), in the event of a shareholder who is resident in a country or dependency with favored taxation, under the terms of the legislation and regulations of the Federal Revenue Service of Brazil (Secretaria da Receita Federal do Brasil) in force; or
2. In the other cases in which item (i) above does not apply, according to the following rates, provided for in article 21 of Law 8,981 / 1995, as amended by Law 13,259 / 2016:
3. 1. 15% (fifteen percent) on the portion of the gains that do not exceed R$ 5,000,000.00 (five million reais);
   2. 17.5% (seventeen integers and five tenths of a percent) on the portion of the gains that exceeds R$ 5,000,000.00 (five million reais) and does not exceed R$ 10,000,000.00 (ten million reais);
   3. 20% (twenty percent) on the portion of earnings that exceeds R$ 10,000,000.00 (ten million reais) and does not exceed R$ 30,000,000.00 (thirty million reais); and
   4. 22.5% (twenty-two integers and five tenths of a percent) on the portion of earnings that

exceeds R$ 30,000,000.00 (thirty million reais).

The amount required to pay the IRRF due by non-resident investors in the merger of shares will be discounted from the amount due to the redemption for each Class B or Class C Redeemable Preferred Share.

GOL, as a paying source of the Redemption Value for Each GOL Class B Redeemable Preferred Share or Redemption Value for Each Class C Redeemable Preferred Share (as the case may be) will use the information provided to by the SMILES non-resident Shareholders' custody agents on the Base Date to calculate the capital gain, being such SMILES Shareholders responsible for the veracity of such information.

Custodian agents must inform GOL the information of SMILES non-resident Shareholders on the Base Date, including the average acquisition cost of SMILES shares, as set out in Attachment I to this Notice, by 11:59 p.m. on June 7, 2021, by e-mail to the following address: [e-mail].

GOL, under the terms of the legislation and regulations of the Federal Revenue Service of Brazil: (i) shall consider zero the acquisition cost for SMILES non-resident Shareholders on the Base Date who do not forward the average acquisition cost of SMILES shares by 11:59 pm June 7, 2021; and ii) apply the 25% rate on the earnings of SMILES non-resident Shareholders on the Base Date who fail to inform, in accordance with Annex I, their country or dependency of residence or tax domicile. GOL, GLA or SMILES will not be liable, before SMILES non-resident Shareholders on the Base Date, for any subsequent adjustment or refund of the amount paid above the expected.

4.3 Fractions of GOL Shares issued as a result of GLA Merger

Any fractions of GOL preferred shares as a result of the exchange ratio on the Merger of GLA Shares shall be grouped in whole numbers to be subsequently sold in the spot market managed by B3. The amounts received from this sale shall be made available to SMILES shareholders that held the relevant fractions on the Base Date, in proportion to the interest they held in each share sold, pursuant to a notice to be timely disclosed by GOL.

More detailed information on the corporate reorganization is available on the CVM (http:/ /www.cvm.gov.br /) and B3 (http:/ /www.b3.com.br / pt_br/) websites, or on the GOL's investor relations website (http:/ /ri.voegol.com.br) or on Smiles' website ( http: // ri.smiles.com.br), or through the contacts below

GOL Investor Relations

[e-mail]

www.voegol.com.br/ri

[phone]

About GOL Linhas Aéreas Inteligentes S.A. ("GOL")

GOL serves more than 36 million passengers annually. With Brazil's largest network, GOL offers 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. SMILES allows over 16 million registered clients to accumulate miles and redeem tickets to more than 700 destinations worldwide on the GOL partner network. Headquartered in Sao 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