TAM Awarded Latin America Best 2007 Deal

SAO PAULO, Brazil, April 28 /PRNewswire-FirstCall/ -- TAM (Bovespa: TAMM4 and NYSE: TAM) has been recognized with the Latin America Best 2007 Deal award by Airfinance Journal for its bond issued abroad in April of last year. The company issued senior guaranteed notes at 7.375%, with a total value of US$ 300 million, expiring in 2017.

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The funds would be used to finance the upgrading and expansion of the company's operational fleet, with the remaining amount to be used for general corporate proposals. In its ninth edition, the "Deal of the Year" award recognizes the most important business deals made throughout the year that combine innovation, creativity, structural ability and good execution.

The award was given to TAM's director of International Contracts, Jose Zaidan Maluf, at a ceremony held Monday, April 21, in the Rainbow Room of the Rockefeller Center in New York. "The bond offer we made in 2007 has had excellent results and demonstrated investors' interest in the company. The award given by Airfinance Journal is in recognition of the operation's success," said Libano Barroso, vice president of Finance and Management and director of Investor Relations.

Airfinance Journal is one of the foremost business publications offered by the worldwide commercial aviation industry.

    Investor Relations:             Press Agency:
    Phone: (55) (11) 5582-9715      Phone: (55) (11) 5582-8167
    Fax: (55) (11) 5582-8149        Fax: (55) (11) 5582-8155
    invest@tam.com.br               tamimprensa@tam.com.br
    www.tam.com.br/ir               MVL Comunicacao
                                    Phone. (55) (11) 3594-0302 / 0304 / 0305

About TAM:

TAM (http://www.tam.com.br) has been the leader in the Brazilian domestic market for more than four years and closed March 2008 with a 51.4% market share. The company operates flights to 42 Brazilian destinations. It serves 79 different destinations in the Brazilian market through commercial agreements with regional companies. Among Brazilian airline companies, TAM's international market share was 68.9% in March. Its international operations include direct flights to 17 destinations: New York and Miami (USA), Paris (France), London (England), Milan (Italy), Frankfurt (Germany), Madrid (Spain), Buenos Aires and Cordoba (Argentina), Santiago (Chile), Caracas (Venezuela), Montevideo and Punta del Este (Uruguay), Asuncion and Ciudad del Este (Paraguay), and Santa Cruz de la Sierra and Cochabamba (Bolivia). Additionally, it has code share agreements with international airlines, which allow passengers to travel to another 64 destinations in the United States, South America and Europe. TAM was the first airline company to launch a loyalty program in Brazil; TAM's program currently has 4.5 million members and has redeemed more than 5.2 million tickets in exchange for points.