On February 9, 2022, the board of directors of MercadoLibre, Inc., upon the recommendation of the nominating and corporate governance committee of the board pursuant to Article VI, Section 1 of the company's Certificate of Incorporation and with Sections 2.2 and 2.5 of the company's bylaws, approved a resolution increasing the size of the Board from eight to nine directors. Concurrently, the Board unanimously approved the appointment of Mr. Richard Sanders as a Class II director of the company, to serve from February 9, 2022 until the company's 2022 Annual Meeting of Stockholders or until his successor is duly elected and qualified or until his earlier death, resignation or removal. Richard Sanders is a partner at Permira.

Mr. Sanders is a member of Permira's Executive Committee and Investment Committees for their Flagship and Growth Opportunities funds, the latter as Chairman, and is also the co-head of the technology sector investment team.