<SEC-DOCUMENT>0001292814-18-001445.txt : 20180430
<SEC-HEADER>0001292814-18-001445.hdr.sgml : 20180430
<ACCEPTANCE-DATETIME>20180427173417
ACCESSION NUMBER:		0001292814-18-001445
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20180331
FILED AS OF DATE:		20180430
DATE AS OF CHANGE:		20180427

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMBRAER S.A.
		CENTRAL INDEX KEY:			0001355444
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT [3721]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15102
		FILM NUMBER:		18785736

	BUSINESS ADDRESS:	
		STREET 1:		AV. BRIGADEIRO FARIA LIMA 2170
		CITY:			SAO JOSE DOS CAMPOS
		STATE:			D5
		ZIP:			12227901
		BUSINESS PHONE:		551239274404

	MAIL ADDRESS:	
		STREET 1:		AV. BRIGADEIRO FARIA LIMA 2170
		CITY:			SAO JOSE DOS CAMPOS
		STATE:			D5
		ZIP:			12227901

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Embraer - Empresa Brasileira de Aeronautica S.A.
		DATE OF NAME CHANGE:	20070329

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Embraer - Empresa Brasileira de Aeron?utica S.A.
		DATE OF NAME CHANGE:	20070329

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EMPRESA BRASILEIRA DE AERONAUTICA S.A.
		DATE OF NAME CHANGE:	20060403
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>embraerpr1q18_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>

<HTML>
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   <TITLE>embraerpr1q18_6k.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<P style="TEXT-ALIGN: center; MARGIN: 4pt 0in 0pt; LINE-HEIGHT: 150%" align=center><FONT style="LINE-HEIGHT: 150%"><B><FONT lang=EN-US style="FONT-SIZE: 18pt" face="Times New Roman">____________________________________________________</FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 4pt 0in 0pt; LINE-HEIGHT: 150%" align=center><FONT style="LINE-HEIGHT: 150%"><B><FONT lang=EN-US style="FONT-SIZE: 18pt" face="Times New Roman">UNITED STATES </FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%" align=center><FONT style="LINE-HEIGHT: 150%"><B><FONT lang=EN-US style="FONT-SIZE: 18pt" face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION </FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Washington, D.C. 20549 </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 18pt" face="Times New Roman">_______________________</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 18pt" face="Times New Roman">FORM 6-K </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt; LINE-HEIGHT: 150%" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">__________________________________</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt; LINE-HEIGHT: 150%" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Report of Foreign Private Issuer </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Pursuant to Rule 13a-16 or 15d-16 </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">under the Securities Exchange Act of 1934 </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 12pt 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">For the month of April 2018 </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 12pt 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Commission File Number: 001-15102 </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt; LINE-HEIGHT: 150%" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">__________________________________</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 24pt" face="Times New Roman">Embraer S.A. </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt; LINE-HEIGHT: 150%" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman">__________________________________</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman">Av. Brigadeiro Faria Lima, 2170</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman">12227-901 S&#227;o Jos&#233; dos Campos, S&#227;o Paulo, Brazil </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">(Address of principal executive offices) </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt; LINE-HEIGHT: 150%" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">__________________________________</FONT></P>

<P style="MARGIN: 6pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: </FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 12pt 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Form 20-F </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=wingdings>x</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> Form 40-F </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT></P>

<P style="MARGIN: 12pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT></P>

<P style="MARGIN: 12pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT></P>

<P>&nbsp;</P>

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<IMG border=0 src="emblog1.gif"></P></DIV>
<IMG id=Picture_x0020_5 alt=shape src="x18042710542300.jpg" width=121 height=20>&nbsp;<FONT style="POSITION: relative"></FONT><FONT lang=PT-BR>&nbsp; </FONT></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>HIGHLIGHTS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><STRONG><FONT color=#262626 size=2 face=Arial></FONT></STRONG>&nbsp;</P>

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   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol>&#183;</FONT></TD>

   <TD vAlign=top width="96%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0pt 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 11.5pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>In 1Q18, Embraer delivered 14 commercial and 11 executive (8 light and 3 large) jets, which was down from the 18 commercial and 15 executive (11 light and 4 large) jets in 1Q17;</FONT></P></TD></TR>

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   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol></FONT></TD>

   <TD vAlign=top width="96%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0pt 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 11.5pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol>&#183;</FONT></TD>

   <TD vAlign=top width="96%"><FONT color=#404040 size=2 face=Arial>The Company&#8217;s firm order backlog at the end of 1Q18, which now includes contracts of the newly created Services &amp; Support segment, was US$ 19.5 billion</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=Arial,sans-serif>; </FONT></TD></TR>

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   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol></FONT></TD>

   <TD vAlign=top width="96%"><FONT color=#404040 size=2 face=Arial>&nbsp;</FONT></TD></TR>

<TR>

   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol>&#183;</FONT></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 15pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Reported EBIT and EBITDA<SUP><FONT style="FONT-SIZE: 7pt; FONT-FAMILY: Arial">1</FONT></SUP> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>in 1Q18 were US$ 26.4 million and US$ 89.5 million, respectively, yielding margins of 2.7% and 9.0%. There were no special items booked in 1Q18 results; </FONT></P></TD></TR>

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   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol></FONT></TD>

   <TD vAlign=top width="96%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 17pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol>&#183;</FONT></TD>

   <TD vAlign=top width="96%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 11.5pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>1Q18 Net loss attributable to Embraer shareholders and Loss per ADS were US$ (12.3) million and US$ (0.07), respectively. Adjusted Net loss (excluding the impact of FX-related non-cash deferred income tax and social contribution) for 1Q18 was US$ (24.6) million, with Adjusted Loss per ADS of US$ (0.13); </FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol></FONT></TD>

   <TD vAlign=top width="96%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 11.5pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol>&#183;</FONT></TD>

   <TD vAlign=top width="96%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 11.5pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>The Company finished 1Q18 with a total cash position of US$ 3,428.4 million, and a total debt position of US$ 4,187.0 million, yielding net debt at the end of the period of US$ 758.6 million;</FONT></P></TD></TR>

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   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol></FONT></TD>

   <TD vAlign=top width="96%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 11.5pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol>&#183;</FONT></TD>

   <TD vAlign=top width="96%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 11.5pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>In February, only 56 months after program launch, Embraer received certification for the E190-E2 from ANAC, the FAA and EASA. It is the first time that an aircraft program with the level of complexity of the E2 has received a type certificate from three major certification authorities simultaneously;</FONT></P></TD></TR>

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   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol></FONT></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 11.5pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol>&#183;</FONT></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 11.5pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>The Company reaffirms all aspects of its 2018 financial and aircraft deliveries guidance;</FONT></P></TD></TR>

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   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol></FONT></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 11.5pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <TD vAlign=top width="4%" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol>&#183;</FONT></TD>

   <TD vAlign=top width="96%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: 11.5pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Please note that prior period results have been restated for the adoption of IFRS 15 (Revenue from Contracts with Customers) and IFRS 9 (Financial Instruments), with minor adjustments.</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 35.85pt; TEXT-JUSTIFY: inter-ideograph; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.5pt" color=#404040 face=symbol></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>Main financial indicators</FONT></B><SUP><B><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-TRANSFORM: uppercase" color=white face=arial,sans-serif>2</FONT></B></SUP></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph">&nbsp;</P>

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   <TD colSpan=4 align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>in millions of U.S dollars, except % and earnings per share data</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 110.88pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>IFRS</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 0pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 0pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 0pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Revenue</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,042.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,729.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>992.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>EBIT</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>40.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>60.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>26.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>EBIT Margin %</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.9%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted EBIT</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>48.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>115.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>26.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted EBIT Margin %</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>EBITDA</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>113.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>148.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>89.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>EBITDA Margin %</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>10.8%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>8.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>9.0%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted EBITDA</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>120.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>202.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>89.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted EBITDA Margin %</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>11.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>11.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>9.0%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted Net Income (Loss) </FONT><FONT style="FONT-SIZE: 10pt"><SUP><FONT face=Arial,Arial,Helvetica,sans-serif>2</FONT></SUP>&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>40.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>56.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(24.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted earnings per share - ADS basic</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.2196</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.3053</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.1342)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Net income (loss) attributable to Embraer Shareholders</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>53.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>41.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(12.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Earnings (losses) per share - ADS basic (US$)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.2893</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.2245</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.0671)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted Free Cash Flow</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(199.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>406.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(430.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Net debt</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(805.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(310.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(758.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial information.</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

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   <TD align=left>&nbsp;</TD></TR>

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   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

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<DIV id=ftn1><FONT lang=PT-BR></FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0in; TEXT-JUSTIFY: inter-ideograph; TEXT-INDENT: 17.85pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; VERTICAL-ALIGN: super" color=#404040 face=arial,sans-serif>1</FONT><FONT lang=EN-US style="FONT-SIZE: 6pt" color=#404040 face=Arial,sans-serif> EBIT and EBITDA are non-GAAP measures. For more detailed information please refer to page 12.</FONT></P><FONT lang=PT-BR></FONT></DIV>

<DIV id=ftn2><FONT lang=PT-BR></FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 6pt; VERTICAL-ALIGN: super" color=#404040 face=arial,sans-serif>2</FONT><FONT lang=EN-US style="FONT-SIZE: 6pt" color=#404040 face=Arial,sans-serif> Adjusted Net Income (loss) is a non-GAAP measure, calculated by adding Net Income attributable to Embraer Shareholders plus Deferred income tax and social contribution for the period, in addition to adjusting for non-recurring items. Under IFRS for Embraer&#8217;s Income Tax benefits (expenses) the Company is required to record taxes resulting from unrealized gains or losses due to the impact of changes in the <I>Real</I> to US Dollar exchange rate over non-monetary assets (primarily Inventory, Intangibles, and PP&amp;E). The taxes resulting from gains or losses over non-monetary assets are considered deferred taxes and are presented in the consolidated Cash Flow statement, under Deferred income tax and social contribution, which was US$ 17.8 million in 1Q17, US$ 12.3 million in 1Q18 and US$ 22.2 million in 4Q17. Adjusted Net Income (loss) also excludes the net after-tax special items of US$ (5.0) million in 1Q17 and US$ (37.0) million in 4Q17.</FONT></P><FONT lang=PT-BR></FONT></DIV>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph"><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>
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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT style="DISPLAY: none" color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>1</FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT></P></TD></TR></TABLE></DIV></DIV>

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<P align=center>
<IMG border=0 src="emblog1.gif"></P></DIV>&nbsp;&nbsp;<FONT style="POSITION: relative"></FONT><FONT lang=PT-BR>&nbsp; </FONT></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=#262626 face=Arial,sans-serif>S&#227;o Paulo, Brazil, April 27, 2018</FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif> </FONT></B><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>- (B3: EMBR3, NYSE: ERJ). </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>The Company's operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended March 31, 2018 (1Q18), December 31, 2017 (4Q17) and March 31, 2017 (1Q17), are derived from the unaudited financial statements, except annual financial data and where otherwise stated. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Please note that prior period results have been restated for the adoption of IFRS 15 (Revenue from Contracts with Customers) and IFRS 9 (Financial Instruments). Quarterly results for 2017 restated for these accounting changes are available on page 10. In addition, IFRIC 22 (Foreign Currency Transactions and Advance Consideration) has been adopted as of January 1, 2018. Prior period results are not restated for IFRIC 22.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>REVENUES and gross margin</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>In 1Q18, Embraer delivered 14 commercial and 11 executive aircraft (8 light jets and 3 large jets), for a total of 25 jets delivered during the quarter. This compares to 1Q17 deliveries of 18 commercial jets and 15 executive jets (11 light and 4 large). The Company&#8217;s first quarter deliveries are generally the lowest in terms of seasonality, and Embraer remains confident in its 2018 guidance for 85 to 95 total commercial jet deliveries and 105 to 125 total executive jet deliveries (70-80 light jets and 35-45 large jets). The Company expects deliveries for both the Commercial Aviation and Executive Jets segments to improve in 2Q18. Revenues in the quarter were US$ 992.0 million, representing a year-over-year decline of 4.8% compared to 1Q17, largely as a result of the lower commercial and executive aircraft deliveries in the period, partially offset by revenue growth in the Defense &amp; Security (up 62.9% year-over-year) and Services &amp; Support (up 4.0% year-over-year) segments. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Consolidated gross margin improved from 16.7% in 1Q17 to 18.3% in 1Q18, driven by year-over-year improvement in the Commercial Aviation, Executive Jets, and Defense &amp; Security segments.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>EBIT AND ADJUSTED EBIT</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>EBIT and EBIT margin as reported in 1Q18 were US$ 26.4 million and 2.7%, respectively. This compares to EBIT of US$ 40.6 million and EBIT margin of 3.9% in 1Q17. The decline in EBIT and EBIT margin as reported are principally due to the lower delivery volumes and consolidated revenues in 1Q18, which impacted the Company&#8217;s fixed cost dilution as compared to 1Q17. The Company&#8217;s 1Q18 reported EBIT results do not include any special items. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>In 1Q17, the results included US$ 7.6 million related to provisions for Embraer&#8217;s voluntary dismissal program. Excluding this amount, 1Q17 adjusted EBIT and adjusted EBIT margin were US$ 48.2 million and 4.6%, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Administrative expenses in 1Q18 totaled US$ 44.3 million, representing a slight increase from the US$ 42.6 million reported in 1Q17. Selling expenses declined from US$ 72.9 million in 1Q17 to US$ 71.3 million in 1Q18, due principally to cost efficiencies achieved in the Services &amp; Support segment. Research expense in 1Q18 was US$ 9.8 million versus US$ 8.2 million reported in 1Q17. Other operating income (expense) in 1Q18 was an expense of US$ 29.7 million, compared to expense of US$ 9.3 million in 1Q17. Excluding the aforementioned provisions related to the Company&#8217;s voluntary dismissal program, adjusted other operating income (expense) in 1Q17 was an expense of US$ 1.7 million. The principal factors leading to an increase in other operating expense in 1Q18 as compared to 1Q17 was an expected higher impairment on the Company&#8217;s portfolio of used commercial jets combined with lower revenues from order cancellations in the current period.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt; TEXT-JUSTIFY: inter-ideograph; TEXT-INDENT: 17.85pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif></FONT></B>&nbsp;</P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph"><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>
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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT style="DISPLAY: none" color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>2</FONT></FONT></FONT></P></TD></TR></TABLE>

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<IMG border=0 src="emblog1.gif"></P></DIV>&nbsp;&nbsp;<FONT style="POSITION: relative"></FONT><FONT lang=PT-BR>&nbsp; </FONT></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt; TEXT-JUSTIFY: inter-ideograph; TEXT-INDENT: 17.85pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>net income</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Net income (loss) attributable to Embraer shareholders and Earnings (Loss) per ADS for 1Q18 were US$ (12.3) million and US$ (0.07) per share, respectively, compared to US$ 53.2 million in net income (loss) attributable to Embraer shareholders and US$ 0.29 per share in Earnings (Loss) per ADS in 1Q17. Adjusted net income (loss), excluding deferred income tax and social contribution and the total after-tax impacts of any special items booked in the period, was US$ (24.6) million in 1Q18, and Adjusted earnings (loss) per ADS was US$ (0.13). This compares to Adjusted net income (loss) of US$ 40.4 million and Adjusted earnings (loss) per ADS of US$ 0.22 in 1Q17.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt; TEXT-JUSTIFY: inter-ideograph; TEXT-INDENT: 17.85pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in; TEXT-JUSTIFY: inter-ideograph; TEXT-INDENT: 17.85pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>monetary balance sheet accounts and other measures</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>The Company ended 1Q18 with a net debt position of US$ 758.6 million, compared to the net debt position of US$ 310.8 million at the end of 2017, primarily due to negative free cash flow during the quarter. However, the net debt position at the end of 1Q18 was an improvement from the US$ 805.8 million in net debt at the end of 1Q17. Embraer&#8217;s total loans position at the end of the quarter was US$ 4,187.0 million, which was a slight decrease from the total loans position of US$ 4,198.5 million at the end of 2017.</FONT></P>

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   <TD width="15%" align=left>&nbsp;</TD>

   <TD colSpan=2 align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>in millions of U.S.dollars</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="55%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>FINANCIAL POSITION DATA</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="15%" align=center>

   <P style="MARGIN-LEFT: 0pt"><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(2)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="15%" align=center>

   <P style="MARGIN-LEFT: 0pt"><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="15%" align=center>

   <P style="MARGIN-LEFT: 0pt"><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#595959 width="55%" align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>2017</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 **</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" width="55%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Cash and cash equivalents</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,270.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,030.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,287.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.6pt" width="55%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Financial investments</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,616.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,451.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,140.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 width="55%" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total cash position</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>3,887.7</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>3,482.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>3,428.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" width="55%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Loans short-term</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>388.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>322.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>438.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.6pt" width="55%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Loans long-term</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3,809.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3,964.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="15%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3,749.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 width="55%" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total loans position</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,198.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,287.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,187.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 width="55%" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Net debt*</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(310.8)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(805.8)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="15%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(758.6)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=4 align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Net debt = Cash and cash equivalents + Financial investments short-term and long term - Loans</FONT></I>&nbsp;<EM><FONT size=1 face=Arial>short-term and long-term</FONT></EM>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="55%" align=left><EM><FONT size=1 face=Arial>(1) Derived from unaudited financial information.</FONT></EM>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="55%" align=left><EM><FONT size=1 face=Arial>(2)Derived from audited financial information.</FONT></EM>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="55%" align=left><EM><FONT size=1 face=Arial>** Restated</FONT></EM>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=center></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Adjusted net cash used in operating activities net of adjustments for financial investments was US$ (311.0) million in 1Q18 and adjusted free cash flow for the quarter was US$ (430.9) million. This compares to adjusted net cash used in operating activities net of financial investments of US$ (47.6) million and adjusted free cash flow of US$ (199.2) million in 1Q17. The principal factors explaining higher free cash flow usage in 1Q18 include additional investment in working capital (particularly higher inventories) and a net loss reported in 1Q18 as compared to net income generated in 1Q17. </FONT></P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD colSpan=2 align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>in millions of U.S.dollars</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>IFRS</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>3Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.239pt" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Net cash generated (used) by operating activities (1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(64.8)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>361.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 2.759pt" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>115.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 2.76pt" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>589.9</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(311.0)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.759pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjustment for non-recurring cash impacts</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>17.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>36.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>20.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>18.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.36pt" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Adj. Net cash generated (used) by operating activities</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(47.6)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>397.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 2.759pt" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>135.9</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 2.76pt" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>608.1</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(311.0)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=6><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.759pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Net additions to property, plant and equipment</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(34.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 4.199pt" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(60.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 4.199pt" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(47.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 4.2pt" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(76.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(39.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.759pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Additions to intangible assets</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(117.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(117.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(111.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(125.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(80.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.36pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Adjusted Free Cash Flow</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(199.2)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>219.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 4.199pt" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(22.5)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 2.76pt" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>406.7</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(430.9)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.931pt" colSpan=3 align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Net of financial investments: 1Q17 (503.6), 2Q17 96.2, 3Q17 30.8, 4Q17 132.0 and 1Q18 629.5</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

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   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

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<IMG border=0 src="emblog1.gif"></P></DIV>&nbsp;&nbsp;<FONT style="POSITION: relative"></FONT><FONT lang=PT-BR>&nbsp; </FONT></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Net additions to total PP&amp;E were US$ 39.7 million in 1Q18, versus US$ 34.5 million in net additions reported in 1Q17. Of the total 1Q18 additions to PP&amp;E, CAPEX amounted to US$ 22.8 million, additions of aircraft available for or under lease was US$ 6.0 million, and additions of pool program spare parts was US$ 10.9 million. CAPEX spending should ramp as the year progresses, and Embraer maintains its outlook for 2018 CAPEX of US$ 200 million.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>In 1Q18, Embraer invested a total of US$ 80.2 million in product development, principally related to the development of the E-Jets E2 commercial jet program, which continues to progress according to schedule. Development expenditures net of contributions from suppliers in 1Q18 were US$ 13.2 million. The Company also expects development spending to increase in the remaining quarters of the year and reiterates its outlook for US$ 300 million of development expenditures net of supplier contributions.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=center>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



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   <TD width="50%" align=left>&nbsp;</TD>

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   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="20%" colSpan=2 align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>in millions of U.S.dollars</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="50%" align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>3Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="50%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>CAPEX</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>35.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>45.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>30.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>68.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>22.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD width="50%" align=left>

   <P style="MARGIN-LEFT: 30pt"><I><FONT style="FONT-SIZE: 10pt" face=Arial-ItalicMT,Arial,Helvetica,sans-serif>Contracted CAPEX (Included in CAPEX)</FONT></I><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></P></TD>

   <TD width="10%" align=center><I><FONT style="FONT-SIZE: 10pt" face=Arial-ItalicMT,Arial,Helvetica,sans-serif>2.4</FONT></I><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><I><FONT style="FONT-SIZE: 10pt" face=Arial-ItalicMT,Arial,Helvetica,sans-serif>0.5</FONT></I><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><I><FONT style="FONT-SIZE: 10pt" face=Arial-ItalicMT,Arial,Helvetica,sans-serif>0.8</FONT></I><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><I><FONT style="FONT-SIZE: 10pt" face=Arial-ItalicMT,Arial,Helvetica,sans-serif>0.4</FONT></I><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><I><FONT style="FONT-SIZE: 10pt" face=Arial-ItalicMT,Arial,Helvetica,sans-serif>-</FONT></I><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="50%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Additions of aircraft available for or under lease</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="50%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Additions of Pool programs spare parts</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>12.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>11.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>12.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>7.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>10.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#c1bcb0 width="50%" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>PP&amp;E</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>52.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>61.7</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>47.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>76.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>39.7</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="50%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Proceeds from sale of PP&amp;E</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(18.0)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(1.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="50%" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Net Additions to PP&amp;E</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>34.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>60.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>47.3</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>76.3</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>39.7</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD width="100%" colSpan=6><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD width="50%" align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="20%" colSpan=2 align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>in millions of U.S.dollars</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="50%" align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>3Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD width="50%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Additions to intangible</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>117.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>117.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>111.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>125.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>80.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="50%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Contributions from suppliers</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(86.0)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(67.0)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="50%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Development (Net of contributions from suppliers)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>31.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>117.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>111.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>125.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>13.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD width="50%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Research</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>8.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>9.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>14.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>17.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="10%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>9.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="50%" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>R&amp;D</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>39.3</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>126.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>125.3</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>142.6</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="10%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>23.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT color=#404040 size=2 face=Arial></FONT>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="30%">

   <P align=center>
   <IMG border=0 src="graphembraer4.gif"></P></TD>

   <TD width="70%">

   <P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>The Company&#8217;s total debt decreased US$ 11.5 million to US$ 4,187.0 million at the end of 1Q18 compared to US$ 4,198.5 million at the end of 2017. Short-term debt at the end of 1Q18 was US$ 438.0 million and long-term debt was US$ 3,749.0 million. The average loan maturity of the Company&#8217;s debt at the end of 1Q18 was 5.7 years. The cost of Dollar denominated loans at the end of 1Q18 rose slightly to 5.22% p.a. compared to 5.18% p.a. at the end of 2017. The cost of Real denominated loans fell to 3.40% p.a. at the end of 1Q18 vs. 3.72% at the end of 2017.<BR>&nbsp;</FONT></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Embraer&#8217;s EBITDA over the last 12 months (EBITDA LTM) to financial expenses (gross) for 1Q18 declined to 2.67 relative to 2017&#8217;s value of 2.78. At the end of 1Q18, 14% of total debt was denominated in Reais.</FONT></P></TD></TR>

<TR>

   <TD width="100%" colSpan=2><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" face=Arial,sans-serif>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Embraer&#8217;s cash allocation management strategy continues to be one of its most important tools to mitigate exchange rate risks. By balancing cash allocation in </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Real </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>and Dollar</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif> </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>denominated assets, the Company attempts to neutralize its balance sheet exchange rate exposure. Of total cash at the end of 1Q18, 79% was denominated in US Dollars. </FONT></P></FONT></TD></TR></TABLE></DIV>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Complementing its strategy to mitigate exchange rate risks, the Company entered into certain financial hedges in order to reduce its cash flow exposure. </FONT></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>The Company&#8217;s cash flow exposure is due to the fact that approximately 10% of its net revenues are denominated in </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif> while approximately 20% of total costs are denominated in </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>. Having more </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Real </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>denominated costs than revenues generates this cash flow exposure. For 2018, around 45% of the Company&#8217;s </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif> cash flow exposure is hedged if the US Dollar depreciates below an average rate floor of R$ 3.32. For exchange rates above this level, the Company will benefit up to an average exchange rate cap of R$ 3.75.&nbsp; </FONT></P></TD>

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   <TD colSpan=2 align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>in millions of U.S.dollars</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>SELECT BALANCE SHEET DATA</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 8.16pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 8.159pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>2017 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.48pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Trade accounts receivable</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>764.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>738.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>898.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.48pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Customer and commercial financing</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>16.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>37.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>15.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.48pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Inventories</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,148.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,658.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,480.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.48pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Property, plant and equipment</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,104.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,183.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,075.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.48pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Intangible</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,882.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,678.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,877.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.48pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Trade accounts payable</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>824.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>894.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>893.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.48pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Advances from customers</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>948.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>880.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>944.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.48pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Total shareholders' equity</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4,192.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4,020.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4,183.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial information.</FONT></I>&nbsp;</TD>

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   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph" align=center></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>As mentioned above, one of the major contributing factors to the higher free cash flow usage in 1Q18 as compared to 1Q17 was a higher level of working capital investment in the current period. Trade accounts receivable increased US$ 134.2 million to end the quarter at US$ 898.4 million, largely reflecting extended payment cycles from certain customers, particularly in the Defense &amp; Security segment. In addition, a US$ 331.7 million increase in inventories from the end of 2017, to finish 1Q18 at US$ 2,480.4 million, resulted in a use of cash during the quarter. The build in inventories during 1Q18 follows normal seasonal patterns as the expected pace of deliveries should increase as the year progresses. These impacts were partially offset by an increase in trade accounts payable from US$ 824.7 million at the end of 2017 to US$ 893.5 million at the end of 1Q18. Customer and commercial financing and advances from customers finished 1Q18 roughly in line with the levels at the end of 2017, at US$ 15.9 million and US$ 944.8 million, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Intangibles decreased slightly, from US$ 1,882.4 million at the end of 2017 to US$ 1,877.9 million, as a result of amortization expense which was higher in the quarter than the net development expenditures booked in 1Q18. Property, plant, and equipment ended 1Q18 at US$ 2,075.2 million, compared to US$ 2,104.9 million at the end of 2017.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>Total Backlog</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Considering all deliveries as well as firm orders obtained during the period, the Company&#8217;s firm order backlog ended 1Q18 at US$ 19.5 billion. The quarter marks the first time that backlog for the Services &amp; Support segment is included in the consolidated figure. At the end of 1Q18, the backlog for Services &amp; Support totaled US$ 1.7 billion, of which US$ 0.3 billion in services contracts was already included in the backlog figures for Embraer&#8217;s other business segments and was moved to Services &amp; Support backlog in this quarter. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>segment Results</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 12pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>The Commercial Aviation segment represented 38.3% of consolidated revenues in 1Q18 versus 46.1% of revenues in 1Q17, due to a decline in deliveries in the quarter resulting in a 20.9% drop in revenues on a year-over-year basis. The portion of Executive Jets revenues also fell, from 16.8% in 1Q17 to 12.9% in 1Q18, with the year-over-year decline in deliveries yielding a 27.1% reduction in revenues to US$ 127.8 million. The Defense &amp; Security segment reported a 62.9% increase in revenues in 1Q18 as compared to 1Q17, and its portion of total Company revenues grew from 14.3% in 1Q17 to 24.4% in 1Q18. This quarter marks the first period in which Embraer is reporting the Services &amp; Support business as a separate segment. Revenues for Services &amp; Support grew 4.0% year-over-year to US$ 239.0 million, representing 24.1% of the Company&#8217;s consolidated revenues in 1Q18. Other segment revenues were 0.3% of consolidated revenues in 1Q18.</FONT></P>

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   <TD colSpan=2 align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>in millions of U.S.dollars</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>NET REVENUES</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 0pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

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   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>BY SEGMENT</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 4.44pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 4.32pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B></TD>

   <TD style="TEXT-INDENT: 4.319pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Commercial Aviation</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>660.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>38.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>480.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>46.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>379.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>38.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Executive Jets</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>606.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>35.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>175.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>16.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>127.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>12.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Defense &amp; Security</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>230.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>13.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>148.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>14.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>242.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>24.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Services &amp; Support</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>222.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>12.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>229.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>22.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>239.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>24.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Others</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>8.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>8.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.479pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,729.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>100.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,042.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>100.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>992.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>100.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=2 align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial information.</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="50%" align=left>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph"><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>
   <IMG border=0 src="rodaer1.gif"></FONT></FONT></P></TD>

   <TD vAlign=top width="50%" align=left>&nbsp;

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT style="DISPLAY: none" color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>6</FONT></FONT></P></TD></TR></TABLE>

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<P align=center>
<IMG border=0 src="emblog1.gif"></P></DIV>
<IMG id=Picture_x0020_5 alt=shape src="x18042710542300.jpg" width=121 height=20>&nbsp;<FONT style="POSITION: relative"></FONT><FONT lang=PT-BR>&nbsp; </FONT></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>Commercial Aviation</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 12pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>In 1Q18, Embraer delivered a total of 14 commercial jets, as shown below:<FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>&nbsp;</FONT></FONT></P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



<TR>

   <TD width="42%"></TD>

   <TD width="23%"></TD>

   <TD width="19%"></TD>

   <TD width="14%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 27.959pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>DELIVERIES</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Commercial Aviation</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>23</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>14</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>EMBRAER 175</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>14</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>16</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>11</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>EMBRAER 190</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>EMBRAER 195</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Throughout the first quarter, Embraer achieved important milestones in the E-Jets E2 development program. The company announced final results from flight tests confirming that the aircraft&#8217;s performance is better than its original specification and is even more efficient than other single aisle aircraft. The E190-E2 proved to be 1.3% better than initially expected in terms of fuel consumption, which represents a 17.3% improvement when compared to the current generation E190.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Other key program targets where the E190-E2 obtained better results than initially expected include lower levels of external noise and emissions, better takeoff performance, longer maintenance intervals and shorter pilot transition training time.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>In late February, only 56 months after program launch, Embraer received the Type Certificate for the E190-E2 from the Brazilian Civil Aviation Agency (Ag&#234;ncia Nacional de Avia&#231;&#227;o Civil &#8211; ANAC), the FAA (Federal Aviation Administration) and EASA (European Aviation Safety Agency). It is the first time that an aircraft program with the level of complexity of the E2 has received a type certificate from three major certification authorities simultaneously.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>During the quarter, Embraer welcomed Urumqi Air as a new operator of the E190 in China. On March 25th, Urumqi Air completed its first fight with the 104-seat configured E190. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>At the end of 1Q18, the backlog and cumulative deliveries for Commercial Aviation were as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>COMMERCIAL AVIATION</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 vAlign=middle rowSpan=2 align=center><FONT style="COLOR: #ffffff"><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Firm Orders</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 vAlign=middle rowSpan=2 align=center><FONT style="COLOR: #ffffff"><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Options</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 vAlign=middle rowSpan=2 align=center><FONT style="COLOR: #ffffff"><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 vAlign=middle rowSpan=2 align=center><FONT style="COLOR: #ffffff"><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Deliveries</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 vAlign=middle rowSpan=2 align=center><FONT style="COLOR: #ffffff"><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Firm Backlog</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>BACKLOG</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>E170</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>191</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>196</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>190</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>E175</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>603</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>150</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>753</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>511</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>92</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>E190</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>592</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>44</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>636</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>549</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>43</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>E195</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>169</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>170</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>164</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>E175-E2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>100</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>100</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>200</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>100</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>E190-E2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>74</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>97</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>171</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>74</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>E195-E2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>106</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>90</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>196</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>106</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>TOTAL E-JETS</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,835</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>487</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>2,322</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,414</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>421</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=center></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>Executive JETS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>The Executive Jets segment delivered 8 light and 3 large jets, totaling 11 aircraft in 1Q18. </FONT></P>

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   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 27.96pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>DELIVERIES</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Executive Aviation</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>50</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>15</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>11</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 11.032pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Light Jets</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>32</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>11</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 11.032pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Large Jets</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>18</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>In the first quarter, Embraer delivered the first Phenom 300E business jet, after receiving its type certificate from the FAA, EASA and the Brazilian Civil Aviation Agency. The new light jet model was launched &#8212; and debuted &#8212; at the 2017 National Business Aviation Association&#8217;s (NBAA) event in October 2017. The new aircraft is designated &#8220;E&#8221; for &#8220;Enhanced&#8221; in reference to its entirely redesigned cabin and the addition of the industry leading nice&#174; HD CMS/IFE (Cabin Management System/In Flight Entertainment) by Lufthansa Technik. The Phenom 300, the new model&#8217;s successful predecessor, has been the best-selling and most delivered light business jet for the last six years.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Additionally in the first quarter, Embraer delivered the first Legacy 450 to a Brazilian customer. The Legacy 450 has been revolutionizing the mid-cabin executive jets category with full fly-by-wire technology, providing unprecedented flight experience. Furthermore, the Legacy 450 offers superior cabin comfort, featuring a stand-up cabin with a flat floor and best-in-class cabin altitude.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>Defense &amp; security </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>During 1Q18, the flight test campaign of the multi-mission medium airlifter KC-390 progressed towards final certification with the two prototypes (001 and 002) exceeding a cumulative 1,600 flight hours. The serial-production of the KC-390 continued to progress with the assembly of aircraft numbers 003, 004 and 005. Embraer expects to receive the KC-390&#180;s Final Operational Capability Certification in the second half of 2018 when first the delivery is also scheduled to happen.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Regarding the A-29 Super Tucano Program, Embraer delivered two aircraft in the quarter to an undisclosed customer. The aircraft will be used for tactical and advanced training as well as light attack and ISR (Intelligence, Surveillance and Reconnaissance) missions. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Also in 1Q18, the last unit of five Phenom100 aircraft was delivered to Affinity Flying Training Services. These aircraft are operated under the Military Flying Training System of the United Kingdom&#8217;s Ministry of Defense in order to provide initial multi-engine training to the UK&#8217;s Armed Forces pilots. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>With respect to aircraft modernization programs, Embraer delivered the second F-5BR of the third batch to the Brazilian Air Force. The program, called F-5BR, is focused on performing structural and electronics upgrades for F-5 fighter jets.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Atech successfully completed the implementation of the first fixed command and control and air traffic management center for an African nation. During the air traffic management WATM 2018 congress in Madrid, Spain, Atech launched its new family of products dedicated to Air Traffic Control and Management solutions, called Makron. In addition, the qualification phase (QR2) of the mission system for the Brazilian Navy&#180;s H225M helicopters was also completed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>During the quarter, Brazil&#8217;s Border Protection System (SISFRON) performed the tests of its Signal Receiver (COMINT) that is scheduled for field implementation in 2Q18. The delivery of tactical communications systems continued, increasing the operational capacity of the military organizations involved in the project.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Finally, Visiona Tecnologia Espacial assisted in the operation and validation of the Brazilian geostationary satellite (SGDC). The system is evolving as planned and the installation of the VSAT ground stations has already begun.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>services &amp; support</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>As previously anticipated, Embraer has started to report Services &amp; Support as a separate business unit in the 2018 earnings results. Embraer Services &amp; Support comprises Embraer&#8217;s proven global services and support organization consisting of more than 2,500 staff worldwide and an award-winning network of 87 owned and authorized service centers, complemented by two 24/7 Contact Centers at its headquarters in Brazil. The global team supports 1,700 customers, who operate a fleet of more than 5,600 Commercial, Executive and Defense aircraft. Over US$ 1 billion in spare parts and components are strategically distributed </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>among 24 warehouses across five continents. Beginning in 1Q18, Embraer is reporting the Services and Support as a separate reporting segment. The Company's published guidance for the Services &amp; Support segment estimates the revenues from the business unit to be between US$ 900 million to US$ 1 billion in 2018. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>In January, Embraer and Wider&#248;e, the largest regional airline in Scandinavia and launch customer for the E190-E2, reached an agreement on a Flight Hour Pool Program for the airline&#8217;s E2 fleet. This is the first contract of its kind signed for the E-Jets E2, Embraer&#180;s second generation of the E-Jets family of commercial aircraft. The agreement will cover more than 300 key rotable components for the airline&#8217;s E190-E2 fleet.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>DISCUSSIONS WITH BOEING</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>In 2017, Embraer commenced discussions with Boeing regarding a possible business combination. The Company already has active partnerships in various areas with Boeing, including engineering, as well as ecological, social and cultural projects.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>The negotiations are ongoing. Embraer and Boeing are analyzing potentially viable structures for the business combination, which may include the creation of a new jointly owned entity for the Commercial Aviation segment.&nbsp; This structure would not contemplate the Defense &amp; Security segment and, possibly, the Executive Aviation segment, which would remain exclusively with Embraer. Any business combination between the Company and Boeing would be subject to the approval of the Brazilian Federal Government, Brazilian and international regulators, Boeing and Embraer. The Company cannot assure that a business combination with Boeing will materialize.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>class action UPDATE</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>In August, 2016, a putative securities class action was filed in a U.S. court against the Company and certain of its former and current executives, asserting claims in connection with allegedly false and misleading statements and omissions concerning the FCPA investigation and related matters. In October, 2016, a federal Court in New York appointed a lead plaintiff and a leading counsel for the putative class action. In December 2016, lead plaintiff filed an amended complaint. In March 30, 2018 the Court granted the motion to dismiss filed by the Company. Such decision is subject to appeal. At this time the Company believes that there is no adequate basis for estimating provisions related to this matter.</FONT></P>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT style="DISPLAY: none" color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>9</FONT></FONT></P></TD></TR></TABLE>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>restated 2017 results for new accounting rules</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>Please see below selected information from the restated quarterly results for the adoption of IFRS 15 (Revenue from Contracts with Customers) and IFRS 9 (Financial Instruments) on January 1, 2018.</FONT></P>

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   <TD colSpan=6 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>EMBRAER S.A.</FONT></B></TD></TR>

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   <TD colSpan=6 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>CONSOLIDATED STATEMENTS OF INCOME</FONT></B></TD></TR>

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   <TD colSpan=6 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(in millions of U.S.dollars, except earnings per share)</FONT></B></TD></TR>

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   <TD colSpan=6><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>31 Mar, 2017 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>30 Jun, 2017 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>30 Sep, 2017 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>31 Dec, 2017 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>31 Mar, 2018</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 2.76pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Revenue</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,042.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,771.2</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,296.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,729.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>992.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 6.328pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Cost of sales and services</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(868.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(1,455.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(1,054.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(1,384.4)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(810.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 2.76pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Gross profit</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>173.7</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>315.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>242.1</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>344.6</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>181.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Operating Income (Expense)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

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   <TD align=right><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 6.328pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Administrative</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(42.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(39.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(47.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(49.0)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(44.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 6.328pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Selling</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(72.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(79.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(78.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(87.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(71.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 6.328pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Research</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 33.6pt" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(8.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(9.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(14.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(17.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(9.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 6.328pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Other operating income (expense), net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 33.6pt" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(9.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(9.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(52.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(131.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(29.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 6.328pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Equity in gain or losses of associates</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 33.6pt" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD colSpan=6><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 2.76pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Operating profit before financial income</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>40.6</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>177.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>48.7</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>60.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>26.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 6.328pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Financial expenses, net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 33.6pt" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(4.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(11.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(21.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(44.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 6.328pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Foreign exchange gain, net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(7.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD colSpan=6><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 2.76pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Profit (loss) before taxes on income</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>42.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>158.9</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>55.3</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>40.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(18.1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 6.328pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Income tax (expense) income</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>12.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(86.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>45.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>7.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=6><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 2.76pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Net Income (loss)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>55.1</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>72.1</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>101.2</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>43.6</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(10.2)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Attributable to:</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left>

   <P style="MARGIN-LEFT: 30pt"><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Owners of Embraer</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></P></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>53.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>61.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>99.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>41.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(12.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>

   <P style="MARGIN-LEFT: 30pt"><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Noncontrolling interest</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>10.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>* Restated</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR>

   <TD colSpan=6>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 0.36pt" bgColor=#595959 align=left><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>ADJUSTED EBIT RECONCILIATION</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>3Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Operating profit before financial income (EBIT)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>40.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>177.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>48.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>60.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>26.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Provision for voluntary redundancy scheme</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>7.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(1.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Impact of penalty provision</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Non-recurring items related to Republic Airways</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(11.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(11.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Impairment loss Defense and security business</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>8.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Impairment loss Executive Jet business</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>54.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Adjusted EBIT</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>48.2</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>168.1</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>52.3</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>115.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>26.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted EBIT Margin %</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 32.4pt" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>9.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.0%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT style="FONT-FAMILY: arial" size=1>* Restated</FONT></I><FONT style="FONT-FAMILY: arial" size=1>&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=6><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 0.36pt" bgColor=#595959 align=left><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>ADJUSTED NET INCOME (LOSS) RECONCILIATION</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>3Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Net Income (loss) attributable to Embraer</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>53.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>61.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>99.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>41.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(12.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Net change in Deferred income tax &amp; social contribution</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(17.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>69.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(44.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(22.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(12.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>After-tax provision for voluntary redundancy scheme</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>5.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Impact of penalty provision</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>After-tax Non-recurring items related to Republic Airways</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(7.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(7.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>After-tax Defense and security business impairment loss</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>5.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>After-tax Executive Jet business impairment loss</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>35.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.36pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Adjusted Net Income</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>40.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>126.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>58.7</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>56.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(24.6)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.36pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted Net Margin</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 32.4pt" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.9%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>7.1%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.2%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-2.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT style="DISPLAY: none" color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>0</FONT></FONT></FONT></P></TD></TR></TABLE></DIV></DIV></DIV>

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<IMG border=0 src="emblog1.gif"></P></DIV>&nbsp;&nbsp;<FONT style="POSITION: relative"></FONT><FONT lang=PT-BR>&nbsp; </FONT></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>Reconciliation OF IFRS and &#8220;non gaap&#8221; information</FONT></B></P>

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   <TD width="11%" align=left>&nbsp;</TD>

   <TD width="22%" colSpan=2 align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>in millions of U.S.dollars</FONT>&nbsp;</TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BACKGROUND-COLOR: #ffffff" rowSpan=13 width="2%" align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif></FONT><BR><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif></FONT></B><BR><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif></FONT></B><BR><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif></FONT><BR><BR><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif></FONT><BR></TD>

   <TD style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" vAlign=top rowSpan=13 width="20%" align=left><FONT color=#404040 size=2 face=Arial>We define Free cash flow as operating cash flow less Additions to property, plant and equipment, Additions to intangible assets, Financial investments and Other assets. Free cash flow is not an accounting measure under IFRS. Free cash flow is presented because it is used internally as a measure for evaluating certain aspects of our business. The Company also believes that some investors find it to be a useful tool for measuring Embraer's cash position. Free cash flow should not be considered as a measure of the Company's liquidity or as a measure of its cash flow as reported under IFRS.</FONT></TD></TR>

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   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="45%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>EBITDA RECONCILIATION</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 6.96pt" bgColor=#595959 width="11%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 7.079pt" bgColor=#595959 width="11%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="11%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD bgColor=#595959 width="45%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>LTM* (IFRS)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 width="11%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>2017 **</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 width="11%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 **</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 width="11%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.479pt" width="45%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Net Income Attributable to Embraer</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>255.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>131.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>190.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.479pt" width="45%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Noncontrolling interest</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>16.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>16.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.479pt" width="45%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Income tax income (expense)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>25.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>20.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>30.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.479pt" width="45%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Financial income, net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>36.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>55.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>76.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.479pt" width="45%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Foreign exchange loss, net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(6.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 11.76pt" width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(22.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 0.479pt" width="45%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Depreciation and amortization</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>315.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>328.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="11%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>306.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.479pt" bgColor=#c1bcb0 width="45%" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>EBITDA LTM</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="11%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>642.7</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="11%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>515.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 width="11%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>619.2</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD width="45%" align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial information.</FONT></I></TD>

   <TD width="11%" align=left>&nbsp;</TD>

   <TD width="11%" align=left>&nbsp;</TD>

   <TD width="11%" align=left>&nbsp;</TD></TR>

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   <TD width="45%" align=left><EM><FONT size=1 face=Arial>* Last Twelve Months</FONT></EM></TD>

   <TD width="11%" align=left>&nbsp;</TD>

   <TD width="11%" align=left>&nbsp;</TD>

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   <TD width="45%" align=left><EM><FONT size=1 face=Arial>** Restated</FONT></EM></TD>

   <TD width="11%" align=left>&nbsp;</TD>

   <TD width="11%" align=left>&nbsp;</TD>

   <TD width="11%" align=left>&nbsp;</TD></TR>

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   <TD width="100%" colSpan=6 align=left>

   <P style="MARGIN-LEFT: 17.85pt"><FONT color=#404040 size=2 face=Arial>&nbsp;In addition, Free cash flow should not be interpreted as a measure of residual cash flow available to the Company for discretionary expenditures, since the Company may have mandatory debt service requirements or other nondiscretionary expenditures that are not deducted from this measure.&nbsp;</FONT></P></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Other companies in the industry may calculate Free cash flow differently from Embraer for purposes of their earnings releases, thus limiting its usefulness for comparing Embraer to other companies in the industry.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>EBITDA LTM represents earnings before interest, taxation, depreciation and amortization accumulated over a period of the last 12 months. It is not a financial measure of the Company&#8217;s financial performance under IFRS. EBIT as mentioned in this press release refers to earnings before interest and taxes, and for purposes of reporting is the same as that reported on the Income Statement as Operating Profit before Financial Income.</FONT></P>

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   <TD align=left>&nbsp;</TD>

   <TD colSpan=2 align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>in millions of U.S.dollars</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 41.399pt" bgColor=#595959 vAlign=middle rowSpan=2 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>EBITDA RECONCILIATION</FONT></B></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Net Income (loss) attributable to Embraer</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>41.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>53.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(12.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Noncontrolling interest</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Income tax (expense) income</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(2.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(12.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(7.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Financial income, net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>21.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>44.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Foreign exchange loss, net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(1.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(6.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.4)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Depreciation and amortization</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>87.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>72.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>63.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>EBITDA</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>148.1</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>113.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>89.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>EBITDA Margin</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>8.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>10.8%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>9.0%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial information.</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=center></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>EBIT and EBITDA are presented because they are used internally as measures to evaluate certain aspects of the business. The Company also believes that some investors find them to be useful tools for measuring a Company&#8217;s financial performance. EBIT and EBITDA should not be considered as alternatives to, in isolation from, or as substitutes for, analysis of the Company&#8217;s financial condition or results of operations, as reported under IFRS. Other companies in the industry may calculate EBIT and EBITDA differently from Embraer for the purposes of their earnings releases, limiting EBIT and EBITDA&#8217;s usefulness as comparative measures.</FONT></P>

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<IMG border=0 src="emblog1.gif"></P></DIV>&nbsp;&nbsp;<FONT style="POSITION: relative"></FONT><FONT lang=PT-BR>&nbsp; </FONT></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT>&nbsp;</P>

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   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 vAlign=middle rowSpan=2 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>ADJUSTED EBIT RECONCILIATION</FONT></B></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Operating profit before financial income (EBIT)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>60.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>40.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>26.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Provision for voluntary redundancy scheme</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 0pt" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>7.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Impact of penalty provision</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Non-recurring items related to Republic Airways</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(11.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Impairment loss Defense and security business</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>8.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Impairment loss Executive Jet business</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>54.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Adjusted EBIT</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>115.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>48.2</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>26.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted EBIT Margin %</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial information.</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR>

   <TD colSpan=4>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD colSpan=2 align=right></TD></TR>

<TR>

   <TD colSpan=4 align=right>&nbsp;<FONT size=1 face=Arial>in millions of U.S.dollars</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 rowSpan=2 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>ADJUSTED EBITDA RECONCILIATION</FONT></B><FONT style="FONT-SIZE: 10pt"></FONT><BR><FONT style="FONT-SIZE: 10pt"></FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 3.239pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>EBITDA</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>148.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>113.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>89.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Provision for voluntary redundancy scheme</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 0pt" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>7.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Impact of penalty provision</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Non-recurring items related to Republic Airways</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(11.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Impairment loss Defense and security business</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>8.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Impairment loss Executive Jet business</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>54.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Adjusted EBITDA</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>202.6</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>120.6</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>89.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted EBITDA Margin %</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>11.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>11.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>9.0%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial information.</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph" align=center></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Adjusted EBIT and Adjusted EBITDA are non-GAAP measures, and both exclude the impact of several non-recurring items, as described in the tables above.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph" align=center>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



<TR vAlign=bottom>

   <TD width="60%" align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="13%" align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 16.559pt" colSpan=2 align=right><FONT style="FONT-FAMILY: arial" size=1>in millions of U.S.dollars</FONT><FONT style="FONT-FAMILY: arial" size=1>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 19.919pt" bgColor=#595959 rowSpan=2 width="60%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>ADJUSTED NET INCOME (LOSS) RECONCILIATION</FONT></B><FONT style="FONT-SIZE: 10pt"></FONT><BR><FONT style="FONT-SIZE: 10pt"></FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="13%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="13%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 width="14%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#595959 width="13%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 width="13%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 width="14%" align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" width="60%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Net Income (loss) attributable to Embraer</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 0pt" width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>41.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>53.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="14%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(12.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" width="60%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Net change in Deferred income tax &amp; social contribution</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(22.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(17.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="14%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(12.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" width="60%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>After-tax provision for voluntary redundancy scheme</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 0pt" width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>5.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="14%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" width="60%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Impact of penalty provision</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="14%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" width="60%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>After-tax Non-recurring items related to Republic Airways</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 0pt" width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(7.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="14%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" width="60%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>After-tax Defense and security business impairment loss</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>5.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="14%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" width="60%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>After-tax Executive Jet business impairment loss</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 0pt" width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>35.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD width="14%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" bgColor=#c1bcb0 width="60%" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Adjusted Net Income</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 0pt" bgColor=#c1bcb0 width="13%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>56.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="13%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>40.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 width="14%" align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(24.6)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0pt" width="60%" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Adjusted Net Margin</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0pt" width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.2%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.9%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%" align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-2.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="60%" align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial information.</FONT></I>&nbsp;</TD>

   <TD width="13%" align=left>&nbsp;</TD>

   <TD width="13%" align=left>&nbsp;</TD>

   <TD width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="60%" align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD width="13%" align=left>&nbsp;</TD>

   <TD width="13%" align=left>&nbsp;</TD>

   <TD width="14%" align=left>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph" align=center></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Adjusted Net Income is a non-GAAP measure, calculated by adding Net Income attributable to Embraer Shareholders plus Deferred Income tax and social contribution for the period, as well as removing the impact of non-recurring items. Furthermore, under IFRS for purposes of calculating Embraer&#8217;s Income Tax benefits (expenses), the Company is required to record taxes resulting from gains or losses due to the impact of the changes in the Real to the US Dollar exchange rate over non-monetary assets (primarily Inventories, Intangibles, and PP&amp;E). It is important to note that taxes resulting from gains or losses over non-monetary assets are considered deferred taxes and are accounted for in the Company&#8217;s consolidated Cash Flow statement, under Deferred income tax and social contribution.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>&nbsp;&nbsp; </FONT></P>

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   <TD style="BORDER-TOP: #000000 1px solid; TEXT-INDENT: 0pt" bgColor=#595959 vAlign=middle rowSpan=2 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>CERTAIN FINANCIAL RATIOS - IFRS</FONT></B></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

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   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>4Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q17 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>1Q18</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Total debt to EBITDA (i)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.53</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>9.08</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.76</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Net debt to EBITDA (ii)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.48</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.71</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.23</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Total debt to capitalization (iii)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.50</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.52</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.50</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>LTM EBITDA to financial expense (gross) (iv)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.78</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.32</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.67</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>LTM EBITDA (v)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>642.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>515.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>619.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.479pt" bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>LTM Interest and commissions on loans (vi)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>231.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>222.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>232.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial information.</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 7pt" color=#404040 face=Arial,sans-serif>(i) Total debt represents short and long-term loans and financing.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 7pt" color=#404040 face=Arial,sans-serif>(ii) Net cash represents cash and cash equivalents, plus financial investments, minus short and long-term loans and financing.<BR><FONT lang=EN-US style="FONT-SIZE: 7pt" color=#404040 face=Arial,sans-serif>(iii) Total capitalization represents short and long-term loans and financing, plus shareholders equity.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 7pt" color=#404040 face=Arial,sans-serif>(iv) Financial expense (gross) includes only interest and commissions on loans.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 7pt" color=#404040 face=Arial,sans-serif>(v) The table at the end of this release sets forth the reconciliation of Net income to adjusted EBITDA, calculated on the basis of financial information prepared with IFRS data, for the indicated periods.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-TRANSFORM: none; FONT-WEIGHT: normal" color=#404040 face=Arial,sans-serif>(vi) Interest expense (gross) includes only interest and commissions on loans, which are included in Interest income (expense), net presented in the Company&#8217;s consolidated Income Statement.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#404040 face=Arial,sans-serif></FONT></B>&nbsp;</P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph"><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>
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   <TD vAlign=top width="50%" align=left>&nbsp;

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT style="DISPLAY: none" color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>3</FONT></FONT></FONT></P></TD></TR></TABLE>

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<IMG border=0 src="emblog1.gif"></P></DIV>&nbsp;&nbsp;<FONT style="POSITION: relative"></FONT><FONT lang=PT-BR>&nbsp; </FONT></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>FINANCial statements</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<TR vAlign=bottom>

   <TD colSpan=4 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>EMBRAER S.A.</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=4 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>CONSOLIDATED STATEMENTS OF INCOME</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=4 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(in millions of U.S.dollars, except earnings per share)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="TEXT-INDENT: 49.2pt" bgColor=#595959 colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>Three months ended on</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>31 Dec, 2017 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>31 Mar, 2017 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>31 Mar, 2018</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Revenue</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,729.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,042.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>992.0</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.885pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Cost of sales and services</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(1,384.4)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(868.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(810.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=4><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Gross profit</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>344.6</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>173.7</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>181.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Operating Income (Expense)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.885pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Administrative</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(49.0)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(42.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(44.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.885pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Selling</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(87.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(72.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(71.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.885pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Research</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(17.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(8.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(9.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.885pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Other operating income (expense), net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(131.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(9.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(29.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.885pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Equity in gain or losses of associates</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=4><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Operating profit before financial income</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>60.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>40.6</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>26.4</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.885pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Financial expenses, net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(21.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(4.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(44.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.885pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Foreign exchange gain, net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=4><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Profit (loss) before taxes on income</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>40.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>42.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(18.1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.885pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Income tax (expense) income</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>12.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>7.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=4><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Net Income (loss)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>43.6</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>55.1</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(10.2)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.479pt" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Attributable to:</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left>

   <P style="MARGIN-LEFT: 30pt"><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Owners of Embraer</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></P></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>41.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>53.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(12.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left>

   <P style="MARGIN-LEFT: 30pt"><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Noncontrolling interest</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></P></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=4><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Weighted average number of shares (in thousands)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 5.513pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Basic</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>734.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>735.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>733.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 5.513pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Diluted</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>734.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>736.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>734.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=4><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Earnings (losses) per share</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 5.513pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Basic</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.0561</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.0723</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.0168)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 5.513pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Diluted</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.0561</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.0722</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.0168)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=4><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Earnings (losses) per share - ADS basic (US$)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.2245</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.2893</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.0671)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 3.479pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Earnings (losses) per share - ADS diluted (US$)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.2243</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.2889</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.0670)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial statements.</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: center; MARGIN: 0in; TEXT-JUSTIFY: inter-ideograph" align=center></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in; TEXT-JUSTIFY: inter-ideograph" align=center>&nbsp;</P>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT style="DISPLAY: none" color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>14</FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT></P></TD></TR></TABLE></DIV></DIV></DIV>

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<IMG border=0 src="emblog1.gif"></P></DIV>&nbsp;&nbsp;<FONT style="POSITION: relative"></FONT><FONT lang=PT-BR>&nbsp; </FONT></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in; TEXT-JUSTIFY: inter-ideograph" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#205aa7 face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<TR vAlign=bottom>

   <TD colSpan=4 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>EMBRAER S.A.</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=4 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>CONSOLIDATED STATEMENTS OF CASH FLOWS</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=4 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(in millions of U.S.dollars)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#595959 align=center><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1px solid" bgColor=#595959 colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>Three Months Ended</FONT></B><FONT style="FONT-SIZE: 10pt"></FONT> <FONT style="FONT-SIZE: 10pt"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>31 Dec, 2017 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>31 Mar, 2017 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=right><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>31 Mar, 2018</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Operating activities</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Net income (loss)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>43.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>55.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(10.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Items not affecting cash and cash equivalents</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Depreciation</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>45.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>50.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>42.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Government grants amortization</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(1.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Amortization</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>52.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>28.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>24.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Amortization contribution from suppliers</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(10.0)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(5.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(4.0)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Allowance for inventory obsolescence</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Provision for adjustment to market value</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>84.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>10.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Provision (reversal) allowance for doubtful accounts</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>5.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(3.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Gains (losses) on fixed assets disposal</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>5.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Deferred income tax and social contribution</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(22.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(17.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(12.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Accrued interest</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(45.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Interest over marketable securities</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(15.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(2.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(7.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Equity in the losses of associates</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(1.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Share-based remuneration</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Foreign exchange gain (loss), net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(4.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>7.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Residual value guarantee</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(8.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Provision for voluntary redundancy scheme</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>7.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Other</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(1.4)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(2.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Changes in assets</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Financial investments</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>132.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(503.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>629.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Derivative financial instruments</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>15.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(13.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Collateralized accounts receivable and accounts receivable</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(27.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(26.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(139.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Customer and commercial financing</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Inventories</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>344.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(196.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(309.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Other assets</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>65.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>67.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(47.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Changes in liabilities</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Trade accounts payable</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>40.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(58.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>69.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Non-recourse and recourse debt</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(17.4)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Other payables</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(22.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>22.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>35.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Contribution from suppliers</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>86.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>67.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Advances from customers</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>43.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(13.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(7.4)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Taxes and payroll charges payable</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(21.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(4.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(30.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Financial guarantees</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(2.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(19.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(7.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Other provisions</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>13.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(9.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>16.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Unearned income</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(16.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(16.8)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Net cash generated (used) by operating activities</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>721.9</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(568.4)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>318.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Investing activities</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Additions to property, plant and equipment</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(76.4)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(52.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(39.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Proceeds from sale of property, plant and equipment</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>18.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Additions to intangible assets</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(125.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(117.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(80.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Investments in associates</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.1)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(1.0)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Proceeds from held to maturity securities</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>55.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>20.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(145.5)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Loans</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Dividends Received</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Restricted cash reserved for construction of assets</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(0.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Net cash used in investing activities</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(146.4)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(126.7)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(266.4)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Financing activities</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Proceeds from borrowings</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>54.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>757.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>46.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Repayment of borrowings</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(115.6)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(273.9)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(66.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Dividends and interest on own capital</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(10.7)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(9.3)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>(18.2)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Proceeds from stock options exercised</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>0.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>3.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.119pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Acquisition of own shares</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=center><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Net cash generated (used) by financing activities</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(71.4)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>477.6</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(35.3)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid; TEXT-INDENT: 2.4pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Increase (Decrease) in cash and cash equivalents</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>504.1</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(217.5)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>16.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid; TEXT-INDENT: 2.4pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Effects of exchange rate changes on cash and cash equivalents</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(5.8)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>6.9</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(0.1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid; TEXT-INDENT: 2.4pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Cash and cash equivalents at the beginning of the period</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>772.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,241.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,270.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 2.4pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Cash and cash equivalents at the end of the period</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,270.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,030.9</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,287.5</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 2.76pt" align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial statements.</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 2.76pt" align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph"><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>
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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT style="DISPLAY: none" color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>5</FONT></FONT></FONT></P></TD></TR></TABLE></DIV></DIV></DIV>

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<IMG border=0 src="emblog1.gif"></P></DIV>&nbsp;&nbsp;<FONT style="POSITION: relative"></FONT><FONT lang=PT-BR>&nbsp; </FONT></DIV>

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<TR vAlign=bottom>

   <TD colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>EMBRAER S.A.</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>CONSOLIDATED STATEMENT OF FINANCIAL POSITION</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>(in millions of U.S. dollars)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>A S S E T S</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>As of December 31,</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>As of March 31,</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>2017 *</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=center><B><FONT style="FONT-SIZE: 10pt" color=#ffffff face=Arial-BoldMT,Arial,Helvetica,sans-serif>2018</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.6pt" align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Current assets</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Cash and cash equivalents</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,270.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,287.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Financial investments</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,365.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,890.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Trade accounts receivable, net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>764.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>898.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Derivative financial instruments</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>29.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>23.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Customer and commercial financing</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.0</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Collateralized accounts receivable</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>185.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>195.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Inventories</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,148.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,480.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Income tax and Social Contribution</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>76.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>101.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Other assets</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>255.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>273.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>7,098.7</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>7,152.2</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>Non-current assets</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Financial investments</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>251.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>250.7</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Derivative financial instruments</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>7.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Customer and commercial financing</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>14.3</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>13.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Collateralized accounts receivable</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>103.1</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>88.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Guarantee deposits</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>393.8</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>396.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Deferred income tax</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>4.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Other assets</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>121.5</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>121.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#c1bcb0 align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>891.2</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>883.6</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Investments</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>5.6</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>6.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Property, plant and equipment, net</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,104.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>2,075.2</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18.263pt" align=left><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>Intangible assets</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,882.4</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><FONT style="FONT-SIZE: 10pt" face=Arial,Arial,Helvetica,sans-serif>1,877.9</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>3,992.9</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>3,959.3</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 align=left><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>TOTAL ASSETS</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>11,982.8</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=right><B><FONT style="FONT-SIZE: 10pt" face=Arial-BoldMT,Arial,Helvetica,sans-serif>11,995.1</FONT></B><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=2 align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial information.</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph"><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>
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   <TD vAlign=top width="50%" align=left>&nbsp;

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT style="DISPLAY: none" color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif></FONT></FONT><FONT color=#0e0688 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#0e0688 face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>6</FONT></FONT></FONT></P></TD></TR></TABLE></DIV>

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<IMG border=0 src="emblog1.gif"></P></DIV>&nbsp;&nbsp;<FONT style="POSITION: relative"></FONT><FONT lang=PT-BR>&nbsp; </FONT></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph" align=center>&nbsp;</P>

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<TR vAlign=bottom>

   <TD colSpan=3 align=center><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>EMBRAER S.A.</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=3 align=center><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>CONSOLIDATED STATEMENT OF FINANCIAL POSITION</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=3 align=center><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(in millions of U.S. dollars)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid" bgColor=#595959 align=center><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" bgColor=#595959 align=center><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>LIABILITIES</FONT></B>&nbsp;</TD>

   <TD bgColor=#595959 align=center><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>As of December 31,</FONT></B>&nbsp;</TD>

   <TD bgColor=#595959 align=center><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>As of March 31,</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=center><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2017 *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#595959 align=center><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2018</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 3.84pt" align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Current liabilities</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Trade accounts payable</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>824.7</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>893.5</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Loans and financing</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>388.9</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>438.0</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Non-recourse and recourse debt</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>17.6</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>21.7</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Other payables</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>292.2</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>321.0</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Advances from customers</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>844.6</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>859.4</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Derivative financial instruments</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>8.8</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>5.1</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Taxes and payroll charges payable</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>70.7</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>45.4</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Income tax and social contribution</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>16.1</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>10.4</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Financial guarantee and residual value</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>22.2</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>35.9</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Provisions</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>125.2</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>137.1</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Dividends payable</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>36.8</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>23.3</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Unearned income</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>164.0</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>148.1</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#c1bcb0 align=left>&nbsp;</TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2,811.8</FONT></B>&nbsp;</TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2,938.9</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.6pt" align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Non-current liabilities</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Loans and financing</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>3,809.6</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>3,749.0</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Non-recourse and recourse debt</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>346.5</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>345.3</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Other payables</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>21.5</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>23.0</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Advances from customers</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>104.1</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>85.4</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Derivative financial instruments</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>0.1</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>-</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Taxes and payroll charges payable</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>70.2</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>70.1</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Deferred income tax and social contribution</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>258.2</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>248.2</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Financial guarantee and residual value</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>134.6</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>115.8</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Provisions</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>136.1</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>139.6</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Unearned income</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>97.5</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>95.9</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #ffffff 5px solid" bgColor=#c1bcb0 align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #ffffff 5px solid" bgColor=#c1bcb0 align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,978.4</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #ffffff 5px solid" bgColor=#c1bcb0 align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,872.3</FONT></B>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>TOTAL LIABILITIES</FONT></B>&nbsp;</TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>7,790.2</FONT></B>&nbsp;</TD>

   <TD bgColor=#c1bcb0 align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>7,811.2</FONT></B>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 0.6pt" align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Shareholders' equity</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Capital</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1,438.0</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1,551.6</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Treasury shares</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>(51.8)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>(47.2)</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Revenue reserves</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>2,765.1</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>2,640.1</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Share-based remuneration</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>37.3</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>37.4</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Retained earnings (losses)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>-</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>(7.6)</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Accumulated Other Comprehensive Loss</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>(109.4)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>(100.9)</FONT>&nbsp;</TD></TR>

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   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,079.2</FONT></B>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,073.4</FONT></B>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 10.32pt" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Non-controlling interest</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>113.4</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>110.5</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #ffffff 4px solid; TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total company's shareholders' equity</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,192.6</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #ffffff 4px solid" bgColor=#c1bcb0 align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,183.9</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.6pt" bgColor=#c1bcb0 align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>11,982.8</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#c1bcb0 align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>11,995.1</FONT></B>&nbsp;</TD></TR>

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   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>(1) Derived from unaudited financial information.</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

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   <TD align=left><I><FONT size=1 face=Arial-ItalicMT,Arial,Helvetica,sans-serif>* Restated</FONT></I>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Eduardo Couto, Chris Thornsberry, Caio Pinez, N&#225;dia Santos, Paulo Ferreira and Viviane Pinheiro. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>(+55 12) 3927 1000</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><B><U><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>investor.relations@embraer.com.br</FONT></U></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif><U><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #0000ff">ri.embraer.com.br</FONT></U></FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>CONFERENCE CALL INFORMATION</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Embraer will host a conference call to present its 1Q18 Results on </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Friday, April 27, 2018 at 11:30 AM (SP) / 10:30 AM (NY).</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif> The conference call will also be broadcast live over the web at </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" color=blue face=arial,sans-serif>ri.embraer.com.br</FONT></U></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%" color=#404040 face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%" color=#404040 face=Arial,sans-serif>Conference ID: 8698725</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%" color=#404040 face=Arial,sans-serif>Telephones:</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%" color=#404040 face=Arial,sans-serif>Operator Assisted (US/ Canada) Toll-Free Dial-In Number: (877) 846-1574</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%" color=#404040 face=Arial,sans-serif>Operator Assisted International Dial-In Number: (708) 290-0687</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%" color=#404040 face=Arial,sans-serif>Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-JUSTIFY: inter-ideograph"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" color=#262626 face=Arial,sans-serif>ABOUT EMBRAER</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense &amp; security. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. About every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>Embraer is the leading manufacturer of commercial jets up to 150 seats. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 6pt 17.85pt; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif>For more information, please visit <U><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #0000ff">www.embraer.com.br</FONT></U></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in; TEXT-JUSTIFY: inter-ideograph"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#404040 face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 17.85pt; TEXT-JUSTIFY: inter-ideograph"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#404040 face=Arial,sans-serif>This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts of future events and financial trends that affect Embraer&#8217;s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations of industry trends; the Company&#8217;s investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words &#8220;believe&#8221;, &#8220;may&#8221;, &#8220;is able&#8221;, &#8220;will be able&#8221;, &#8220;intend&#8221;, &#8220;continue&#8221;, &#8220;anticipate&#8221;, &#8220;expect&#8221; and other similar terms are intended to identify potentialities. Embraer does not undertake any obligation to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results may therefore differ substantially from those previously published as Embraer expectations.</FONT></I></P>

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<P style="BACKGROUND: white; MARGIN: 12pt 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24.5pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face="times new roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></P>

<P style="BACKGROUND: white; MARGIN: 12pt 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face="times new roman">Date:&nbsp;<FONT style="FONT-SIZE: 10pt" face="Times New Roman">April 27</FONT>, 2018</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face="times new roman">Name:</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=ES-CL style="FONT-SIZE: 10pt" face="times new roman">Jos&#233; Antonio de Almeida Filippo</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face="times new roman">Title:</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face="times new roman">Executive Vice-President and Chief Financial and Investor Relations Officer</FONT></P></TD></TR></TABLE></DIV>

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