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GOL Implements Organizational Restructuring to
Increase Efficiency and Promote Greater Integration

São Paulo, November 3, 2009 – GOL Linhas Aéreas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, announces an organizational restructuring designed to streamline business management and reduce the number of Vice-Presidents. The initiative is a response to the Company’s rapid growth in recent years and is aligned with its strategic objectives. All the decisions were taken in accordance with the strictest standards of governance and with the participation of the Board of Directors throughout.

Under the new organizational architecture, the Company’s Chief Financial Officer, Leonardo Pereira, who is in charge of Finance, Controls and Investor Relations, will also be head of the Technology, Business Development and Strategic Planning departments. His new area will be entitled Finance, Strategy and Information Technology.

The Marketing and Services Vice-Presidency will be renamed Market and will comprise the Cargo, Commercial, Corporate Communications, Marketing, Yield Management and Alliance departments. Until this process is complete, the department heads under the new Vice-Presidency will report directly to the CEO.

The position of Vice-President – Information Technology and Planning will cease to exist due to the redistribution of its areas.

Additionally, Ricardo Khauaja, who is currently head of Management & Personnel, will be named Vice-President – Customers, Employees and Management, a position that will include People (Human Resources) & Management, as well as the Customer Service, Airport and Commercial Crew areas.

The Technical area, led by Captain Fernando Rockert de Magalhães, remains unchanged.

Due to the extinction or change in profile of certain areas, the current Vice-Presidents Wilson Maciel Ramos (IT & Planning) and Tarcísio Gargioni (Marketing and Services) will be leaving the Company, as are Marco Antonio Piller, head of Airports, and Francisco Eustáquio Mendes, head of Maintenance, who were succeeded by Alberto Correnti and Sydnei Casarini, respectively. Ramos, Gargioni, Piller and Eustáquio are all highly competent professional who have made an invaluable contribution to the carrier’s growth, for which they deserve the Company’s recognition and gratitude.

There will be no changes to the structure or heads of other areas, except that those that have been reallocated will be reporting to a different Vice-President.

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.