Company forms part of select group of 40 publicly traded Brazilian companies to receive certification of good corporate governance SAO PAULO, Brazil, April 14 /PRNewswire-FirstCall/ -- TAM (Bovespa: TAMM4; NYSE: TAM) announces 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. (Logo: http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO ) "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. Investor Relations: Phone: (55) (11) 5582-9715 Fax: (55) (11) 5582-8149 http://www.tam.com.br/ir Press Agency: Phone: (55) (11) 5582-8167 Fax: (55) (11) 5582-8155 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 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. http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO http://photoarchive.ap.org/ DATASOURCE: TAM CONTACT: Libano Miranda Barroso, TAM Investor Relations, +011-55-11-5582-9715, fax, +011-55-11-5582-8149, Web site: http://www.tam.com.br/

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