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Ownership Breakdown

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

ON PN
Common Shares % Preferred Shares % Total %* Economic Economic %
Fundo de Investimento em Participações Volluto 2,863,682,150 100.00% 42,196,042 15.74% 2,905,878,192 92.79% 124,015,532 35.44%
MOBI FIA 88,757,734 33.10% 88,757,734 2.83% 88,757,734 25.36%
Delta Airlines - - 32,926,025 12.28% 32,926,025 1.05% 32,926,025 9.41%
Other 560 0.00% 104,228,683 38.87% 104,229,243 3.33% 104,228,699 29.79%
Treasury Shares - - 6,390 0.00% 6,390 0.00% 6,390 0.00%
Total 2,863,682,710 100.00% 268,114,874 100.00% 3,131,746,584 100.00% 349,934,380 100.00%

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