Bank of New York Mellon’s Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) GOL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-1,188,113	Closed	-$5.77M	–	4286
2015 Q1	$5.77M	Sell	1,188,113 -860,520	-42%	-$4.18M	﹤0.01%	2237
2014 Q4	$23.6M	Buy	2,048,633 +401,018	+24%	+$4.61M	0.01%	1347
2014 Q3	$15.9M	Buy	+1,647,615	New	+$15.9M	﹤0.01%	1605