GOL Announces Quarterly Complementary Dividends

SAO PAULO, Brazil, Oct. 30 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 e NYSE: GOL) ("Company"), Brazil's low-cost, low-fare airline, announces to shareholders that its Board of Directors, at a meeting held on October 27, 2006, approved the payment of quarterly intercalary dividends to the shareholders, calculated based on the profits verified on the financial statements referring to the third quarter of the 2006 fiscal year, as follows:

    I   - Amount of Complementary Dividends
          The total amount of the dividends is R$ 32,592,000.00, corresponding
          to R$ 0.16611 per preferred and ordinary share.

    II  - Date of Credit
          All outstanding shares on November 13, 2006, inclusive, will be
          entitled to receive the dividends approved.

    III - Ex- Dividends date
          The Company's shares will be traded on Sao Paulo Stock Exchange
          (BOVESPA) and New York Stock Exchange (NYSE), "ex" dividends as of,
          and including, November 14, 2006.

    IV  - Payment of Dividends
          Dividends will be paid on December 26, 2006, with no remuneration.

The payment of the dividends referred to above was resolved by the Board in accordance with the Company's quarterly dividend policy.

The amount of the quarterly intercalary dividends approved on October 27, 2006, and the interest on capital related to the third quarter of 2006 approved on September 15, 2006, in the amount of R$ 28,239,710.00, net of withholding tax, shall be imputed to the mandatory dividends related to the corporate year of 2006.

The total value of dividends and interest on capital for the third quarter of 2006, net of withholding tax, is R$ 60,831,710.00, corresponding to 0.29393 per share, net of withholding tax, and R$ 0.31649 per share for the tax exempt and/or immune shareholders.

About GOL Linhas Aereas Inteligentes

GOL Linhas Aereas Inteligentes is one of the most profitable and fastest growing low-cost, low-fare airlines in the industry worldwide. GOL shares are listed on the NYSE and the Bovespa. GOL: here everyone can fly!