MERCADOLIBRE INC — Director's Dealing 2011

May 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MERCADOLIBRE INC (MELI)
CIK: 0001099590
Period of Report: 2011-05-18

Reporting Person: LEVY ANTON J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-18	Common Stock	S	69189	$87.96	Disposed	773243	Indirect
2011-05-18	Common Stock	S	46125	$88.106	Disposed	773243	Indirect
2011-05-18	Common Stock	S	74735	$88.08	Disposed	773243	Indirect
2011-05-18	Common Stock	S	896	$87.96	Disposed	773243	Indirect
2011-05-18	Common Stock	S	598	$88.106	Disposed	773243	Indirect
2011-05-18	Common Stock	S	968	$88.08	Disposed	773243	Indirect
2011-05-18	Common Stock	S	165	$89.96	Disposed	773243	Indirect
2011-05-18	Common Stock	S	110	$88.106	Disposed	773243	Indirect
2011-05-18	Common Stock	S	178	$88.08	Disposed	773243	Indirect
2011-05-18	Common Stock	S	75	$87.96	Disposed	773243	Indirect
2011-05-18	Common Stock	S	50	$88.106	Disposed	773243	Indirect
2011-05-18	Common Stock	S	81	$88.08	Disposed	773243	Indirect
2011-05-18	Common Stock	S	2975	$87.96	Disposed	773243	Indirect
2011-05-18	Common Stock	S	2325	$88.106	Disposed	773243	Indirect
2011-05-18	Common Stock	S	3610	$88.08	Disposed	773243	Indirect
2011-05-18	Common Stock	S	577	$87.96	Disposed	773243	Indirect
2011-05-18	Common Stock	S	439	$88.106	Disposed	773243	Indirect
2011-05-18	Common Stock	S	726	$88.08	Disposed	773243	Indirect
2011-05-18	Common Stock	J	1704	—	Disposed	773243	Indirect
2011-05-18	Common Stock	J	486	—	Disposed	773243	Indirect
2011-05-19	Common Stock	S	63008	$89.044	Disposed	773243	Indirect
2011-05-19	Common Stock	S	816	$89.044	Disposed	773243	Indirect
2011-05-19	Common Stock	S	150	$89.044	Disposed	773243	Indirect
2011-05-19	Common Stock	S	68	$89.044	Disposed	773243	Indirect
2011-05-19	Common Stock	S	2897	$89.044	Disposed	773243	Indirect
2011-05-19	Common Stock	S	577	$89.044	Disposed	773243	Indirect
2011-05-19	Common Stock	J	622	—	Disposed	773243	Indirect
2011-05-19	Common Stock	J	162	—	Disposed	773243	Indirect

Footnotes

F1: By General Atlantic Partners 84, L.P ("GAP 84"). See footnote 7.

F2: By GapStar, LLC ("GapStar"). See footnote 7.

F3: By GAPCO GmbH & Co. KG ("KG"). See footnote 7.

F4: By GAP Coinvestments CDA, L.P. ("CDA"). See footnote 7.

F5: By GAP Coinvestments III, LLC ("GAPCO III"). See footnote 7.

F6: By GAP Coinvestments IV, LLC ("GAPCO IV"). See footnote 7.

F7: Amount of securities beneficially owned following May 19, 2011 represents 713,328 shares of common stock owned by GAP 84,
9,244 shares owned by GapStar, 39,836 shares owned by GAPCO III, 8,366 shares owned by GAPCO IV, 769 shares owned by CDA and
1,700 shares owned by KG.

F8: General Atlantic LLC ("General Atlantic") is the general partner of General Atlantic GenPar, L.P. ("GenPar") and CDA. GenPar
is the general partner of GAP 84. The officers of GapStar and the managing members of GAPCO III and GAPCO IV are managing
directors of General Atlantic. GAPCO Management GmbH ("GmbH Management") is the general partner of KG. The managing
directors of General Atlantic make voting and investment decisions with respect to the securities held by KG and GmbH
Management. Mr. Levy is a managing director of General Atlantic and a managing member of GAPCO III and GAPCO IV. Mr. Levy
disclaims beneficial ownership of such shares beneficially owned by them except to the extent of his pecuniary interest
therein.

F9: Distribution of shares of common stock to certain members of GAPCO III.

F10: Distribution of shares of common stock to certain members of GAPCO IV.