TAM Announces Changes in Board of Directors

SAO PAULO -

In a Board of Directors meeting held at TAM’s headquarters (Bovespa: TAMM4 and NYSE: TAM) today in Sao Paulo, resignation letters were received from board members Pedro Pullen Parente and Adalberto de Moraes Schettert.

(Logo: www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO )

In light of these resignations, Andre Esteves, BTG president, and Marco Antonio Bologna, president of TAM Executive Aviation, are TAM Empreendimentos e Participacoes S/A’s nominations to fill the vacancies on the Board. The nominations will be presented at the Company’s Extraordinary General Assembly August 18, 2009.

Maria Claudia Oliveira Amaro continues as President of the Board, and Mauricio Rolim Amaro as Vice President, positions that both have held since April 2007.

Investor Relations: Phone: +55-11-5582-9715 Fax: +55-11-5582-8149 invest@tam.com.br www.tam.com.br/ir Press Agency Contact: Media Relations www.tam.com.br www.taminforma.com.br MVL Comunicacao Phone: +55-11-3594-0328 equipetam@mvl.com.br

About TAM: (www.tam.com.br)

TAM has been the domestic market leader since July 2003, and closed June 2009 with 44.8% market share. We fly to 42 destinations in Brazil. Through business agreements signed with regional companies, we reach 79 different destinations in Brazil. Our market share among Brazilian companies that operate international flights stood at 86.7% in June. Operations abroad include flights to 18 destinations in the United States, Europe and South America: New York, Miami and Orlando (USA), Paris (France), London (England), Milan (Italy), Frankfurt (Germany), Madrid (Spain), Buenos Aires and Bariloche (Argentina), Cochabamba and Santa Cruz de la Sierra (Bolivia), Santiago (Chile), Asuncion and Ciudad del Este (Paraguay), Montevideo (Uruguay), Caracas (Venezuela) and Lima (Peru). TAM has code-share agreements that make possible the sharing of seats on flights with international airlines, enabling passengers to travel to 64 other destinations in the U.S., Europe and South America. TAM was the first Brazilian airline company to launch a loyalty program. Currently, the program has over 5.9 million subscribers and has awarded more than 8.3 million tickets.

Source: TAM

Libano Miranda Barroso, TAM Investor Relations, +55-11-5582-9715, fax, +55-11-5582-8149, invest at tam.com.br / Photo: NewsCom: https://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO