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Ownership Breakdown

The following graphic sets forth the ownership breakdown of GOL as of December 31, 2018.

ON PN
Common Shares % Preferred Shares % Total %*
Fundo de Investimento em Participações Volluto 2,863,682,150 100.00% 130,953,776 48.85% 2,994,635,926 60.81%
Delta Airlines - - 32,926,025 12.28% 32,926,025 9.41%
Other 560 0.00% 104,177,683 38.86% 104,178,243 29.77%
Treasury Shares - - 6,390 0.00% 6,390 0.00%
Total 2,863,682,710 100.00% 268,063,874 100.00% 3,131,746,584 100.00%

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