X0303 4 2009-05-12 0001099590 MERCADOLIBRE INC MELI 0001409278 Hernan Kazah TRONADOR 4890, 8TH FLOOR BUENOS AIRES C1 C1430DNN ARGENTINA 0 1 0 0 Executive VP and CFO Common Stock 2009-05-12 4 S 0 5000 25.60 D 60475 D Common Stock 2009-05-13 4 S 0 1600 25.06 D 58875 D Common Stock 216300 I By Trust Represents the weighted-average sale price per share of a series of transactions, all of which were executed on May 12, 2009. The actual sale prices ranged from a low of $25.36 to a high of $25.89. The Reporting Person undertakes to provide upon request of the SEC Staff, MercadoLibre, Inc. or a MercadoLibre, Inc. security holder full information regarding the number of shares sold at each price within the range. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on May 13, 2009. The actual sale prices ranged from a low of $25.01 to a high of $25.13. The Reporting Person undertakes to provide upon request of the SEC Staff, MercadoLibre, Inc. or a MercadoLibre, Inc. security holder full information regarding the number of shares sold at each price within the range. Shares held by the Hernan Kazah Family Trust, of which Hernan Kazah is the sole beneficiary. /s/ Jacobo Cohen Imach (attorney-in-fact) 2009-05-14