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Ownership Breakdown

The following graphic sets forth the ownership breakdown of GOL as of May 31, 2022.

ON PN
Common Shares % Preferred Shares % Total %* Economic Economic %
MOBI FIA 2,863,682,150 100.00% 131,139,776 38.95% 2,994,821,926 93.58% 212,959,266 50.89%
PATH-BRAZIL LLC - 0.00% 10,846,688 3.22% 10,846,688 0.34% 10,846,688 2.59%
Other 560 0.00% 193,508,213 57.48% 193,508,773 6.05% 193,508,229 46.24%
Treasury Shares - 0.00% 1,173,328 0.35% 1,173,328 0.04% 1,173,328 0.28%
Total 2,863,682,710 100.00% 336,668,005 100.00% 3,200,350,715 100.00% 418,487,511 100.00%

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

On March 22nd, 2019, GOL issued its Exchangeable Senior Notes due 2024. Concurrently with this notes offering, MOBI FIA lent 14,000,000 ADSs though an ADS lending agreement with Bank of America Merrill Lynch.

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