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Ownership Breakdown

The following graphic sets forth the ownership breakdown of GOL as of February 28, 2019.

ON PN
Common Shares % Preferred Shares % Total %* Economic Economic %
Fundo de Investimento em Participações Volluto 2,863,682,150 99.99% - 00.00% 2,863,682,150 91.44% 81,819,490 23.38%
MOBI FIA - - 130,953,776 48.83% 130,953,776 4.18% 130,953,776 37.41%
Delta Airlines - - 32,926,025 12.28% 32,926,025 1.05% 32,926,025 9.41%
Other 560 0.01% 104,313,920 38.88% 104,314,480 3.33% 104,313,936 29.80%
Treasury Shares - - 6,390 0.01% 6,390 0.00% 6,390 0.00%
Total 2,863,682,710 100.00% 268,200,111 100.00% 3,131,882,821 100.00% 350,019,617 100.00%

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