RELEVANT FACT

RELEVANT FACT

AEROPORTO INTERNACIONAL DE GUARULHOS S.A. CONCESSIONAIRE (“GRU Airport”), pursuant to the provisions of Brazilian Securities Commission (CVM) Instruction No. 358 of January 2002, as amended, hereby advises the market that, based on and considering: (i) ANAC Technical Notice No. 33/2015/GERE/SRA, which acknowledges the right for compensation arising from amendment of the agreement, as required by ANAC Resolution No. 121/2012; that on April 19, 2016, GRU Airport filed with ANAC an application for special review, requesting – as compensation for the proven contractual imbalance sustained by the Concessionaire upon issuance of said Technical Notice No. 33/2015/GERE/SRA – the extension of the end of the fixed concession, expected for 2016, from July to December; (iii) that on 04.29.2016 the Brazilian Association of Airport Operators (Associação Nacional das Empresas Administradoras de Aeroportos), a class entity, filed an application to postpone payment of the fixed concession awarded to privately-held business entities; and further considering that until the deadline stipulated for creating the Reserve Account – to wit, 05.12.2016, neither the application filed by GRU Airport Concessionaire nor that filed by ANEAA had been granted; GRU Airport did not constitute the Reserve Account required by both the Financing Agreement and the Fiduciary Assignment of Credit Rights, as agreed to with the Brazilian Development Bank (Banco Nacional de Desenvolvimento Econômico e Social – BNDES) and the Underwriter Banks, as well as on the instruments of the Company’s 1st and 2nd issuance of debentures, because the due date for payment of said fixed concession could be postponed from July 2016 to December 2016.

The Company further wishes to inform that negotiations are now on advanced stages with BNDES and the Underwriter Banks in an attempt to secure authorization allowing the Company to constitute said Reserve Account at a later date and that, on May 10, 2016, the General Meeting of Debenture-holders for the 1st and 2nd issuance of GRU Airport debentures approved changing the mandatory date to constitute the Reserve Account from May 12 to up to sixty (60) days prior to the due date for said contribution to be made each year.

Lastly, the Concessionaire informs that on this date it has received Notice No. 62/2016/SRA/ANAC indicating that the application filed by the Concessionaire on 04.19.2016 has been rejected. Notwithstanding, there is an additional application filed by ANEAA for the same purpose, which application is still being examined, and ANAC has requested that the Civil Aviation Authority (Secretaria de Aviação Civil) issue an opinion on the postponement application. The Concessionaire expects to have the outcome of said application by July 11, 2016.

In the interest of its shareholders and along the lines of the best corporate governance practices, GRU Airport shall keep the market duly updated as to the developments of the relevant information disclosed herein.

Guarulhos, May 13, 2016.

CONCESSIONÁRIA DO AEROPORTO INTERNACIONAL DE GUARULHOS S.A.

Gustavo Figueiredo
Chairman of the Board and Investor Relations Director