SOX News

TAM Renews Sarbanes-Oxley Certification

(Aprl 15, 2008)-- TAM announced that for the second year in a row it has received the Sarbanes-Oxley Certification (SOX) conferred by the independent auditing firm of PriceWaterhouseCoopers, attesting to fulfillment of the requirements established by Section 404 of the Sarbanes-Oxley Law concerning internal controls over consolidated financial statements.

"Renewal of the Sarbanes-Oxley Certification reaffirms TAM's commitment to high ethical standards and good corporate governance practices. It also shows the company's permanent attention to ensuring a high level of control over its procedures, transparency and value creation for shareholders," emphasizes Libano Barroso, Vice President for Finance and Management, and Director of Investor Relations. Receiving this attestation is in keeping with the search for excellence in management, one of the company's three pillars -- along with excellence in technical and operational services --which have guided the company's performance.

TAM received SOX certification in April 2007, and now, with the renewal, has become the sixth company in a select group of 40 publicly traded Brazilian companies to receive such recognition. Created to protect
shareholders of publicly traded companies from the risk of fraudulent accounting practices, the law requires companies with shares traded on the New York Stock Exchange to upgrade the structure of their internal
financial controls, improve procedures and provide greater transparency in their activities, carried out through the tracking and assessment of relevant procedures having to do with financial statements.

Another requirement of Section 404 of SOX is that these efforts be evaluated in a specific audit performed by independent auditors. This audit concluded that the controls that support financial statements for December
31, 2007 and their publication were effective in all relevant respects.

Compliance with this law is intended to guarantee investors that all financial information disclosed is consistent with the results obtained and is reliable, demonstrating TAM's commitment to quality and integrity with regard to both the market and society.

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