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Ownership Breakdown

The following graphic sets forth the ownership breakdown of GOL as of October 31, 2019.

ON PN
Common Shares % Preferred Shares % Total %* Economic Economic %
Fundo Volluto 2,863,682,150 100.00% - - 2,863,682,150 91.28% 81,819,490 23.02%
MOBI FIA - - 102,953,776 37.62% 102,953,776 3.28% 102,953,776 28.96%
Bank of America - - 33,863,549 12.37% 33,863,549 1.08% 33,863,549 9.53%
Delta Airlines - - 32,926,025 12.03% 32,926,025 1.05% 32,926,025 9.26%
Other 560 0.00% 100,932,274 36.88% 100,932,834 3.22% 100,932,290 28.39%
Treasury Shares - - 3,006,390 1.10% 3,006,390 0.10% 3,006,390 0.85%
Total 2,863,682,710 100.00% 273,682,014 100.00% 3,137,364,724 100.00% 355,501,520 100.00%

*Considering the conversion standard: 1 preferred share = 35 common shares.

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