TAM Board of Directors Elects New Members

SAO PAULO, Brazil, April 30 /PRNewswire-FirstCall/ -- An Ordinary General Assembly (OGA) held today at the TAM headquarters NYSE: TAM in Sao Paulo, elected shareholder Marcos Adolfo Tadeu Senamo Amaro and former CEO of General Electric in Brazil, Alexandre Goncalves Silva, as new members of the Board of Directors. In addition to Alexandre Silva, Adalberto de Moraes Schettert, Luiz Antonio Correa Nunes Viana Oliveira, Pedro Parente and Waldemar Verdi Junior were re-elected as independent board members.

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

Maria Claudia Oliveira Amaro remains as President of the Board, and Mauricio Rolim Amaro as Vice President, positions that the two have occupied since April of last year. Noemy Almeida Oliveira Amaro and Roger Ian Wright are vacating their seats on the Board. The other board members -- Luiz Antonio Correa Nunes Viana Oliveira, Pedro Parente and Waldemar Verdi Junior -- were re-elected by the OGA.

With these changes, the controlling shareholders are reaffirming to the market and to investors that they are actually part of the business and they are working for the future of the company. The election of the independent members to sit on the Board also demonstrates the commitment to high ethical standards and good corporate governance practices, in addition to sustaining the company's continual process of professionalization.

    Name                           Title                       Member Since
    Maria Claudia Oliveira
     Amaro Demenato                President                  Sept. 18, 2003
    Mauricio Rolim Amaro           Vice President              Dec. 20, 2004
    Luiz Antonio Correa Nunes
     Viana Oliveira                Independent Board Member   June  27, 2003
    Adalberto de Moraes Schettert  Independent Board Member    Aug. 31, 2005
    Waldemar Verdi Junior          Independent Board Member    Jan. 23, 2006
    Pedro Pullen Parente           Independent Board Member   April 27, 2007
    Marcos Adolfo Tadeu
     Senamo Amaro                  Board Member               April 30, 2008
    Alexandre Goncalves Silva      Independent Board Member   April 30, 2008

Beyond the changes in the Board of Directors, the OGA approved the financial statements for 2007, as well as the allocation of the results.

    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 (www.tam.com.br) has been the leader in the Brazilian domestic market for more than four years and closed March 2008 with a 51.4% 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 68.9% in March. 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.