TAM Named One of the Best in Brazil for Corporate Governance

SAO PAULO, Brazil, April 3, 2008 /PRNEWSWIRE-FirstCall/ -- TAM NYSE: TAM has just been recognized by Investor Relations Global Ranking 2008 (IRGR) as one of the five best companies in Brazil in the area of Corporate Governance, and was the only airline to receive this distinction.

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

"This recognition underscores the company's commitment to transparency in its relations with investors and shareholders," says Libano Barroso, vice-president for Finance and Management and director of Investor Relations.

The award, which reflects best practices in management and dissemination of information to investors, was created in 1999 by MZ Consult, a financial communications and investor relations consultancy. In the 10th edition of the award, 160 companies from all over the world competed in five categories: investor relations website, financial disclosure, corporate governance, online reporting and highest vote by popular choice, the last two categories nominated by representatives of the financial market.

TAM was also named one of the top five Brazilian companies for best investor relations website (http://www.tam.com.br/ir) by the technical committee.

    Investor Relations:
    Phone: (55) (11) 5582-9715
    Fax: (55) (11) 5582-8149
    invest@tam.com.br
    http://www.tam.com.br/ir

    Press Agency:
    Phone: (55) (11) 5582-8167
    Fax: (55) (11) 5582-8155
    tamimprensa@tam.com.br
    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 February 2008 with a 50.6% 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 67.2% in February. 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.