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TAM announces guidance for 2011

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We announce our guidance for 2011 We believe in the market growth and in our ability to bring more Brazilians to fly with us São Paulo, January 25th, 2011 – (BM&FBOVESPA: TAMM4, NYSE: TAM) – We announce our estimates for 2011. Monitoring will be conducted quarterly and, in case of significant changes in market, macroeconomic or internal conditions, the forecasted indicators will be reviewed.

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