Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 55

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 55
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, GAP Bermuda IV, GAP Bermuda EU,      
 GAP Lux, GA Coop LP, GA DLO, GAP 100, GA SPV, GA GenPar, GA LP, GA GenPar Lux, GA Lux, GenPar Bermuda and GAP Bermuda are a “group”         
 within the meaning of Rule 13d-5 of the US Securities Exchange Act of 1934, as amended. Each of the members of the GA Partnership Committee 
 disclaims ownership of the Class A common shares reported herein except to the extent that he has a pecuniary interest therein.             
 The mailing address of GA DLO, GA SPV, GAPCO III, GAPCO IV, GAPCO V, GAPCO CDA, GAP 100, GA GenPar, and GA LP is 55 East 52nd Street,       
 33rd Floor, New York, NY 10055. The mailing address of GAP Bermuda EU, GAP Bermuda IV, GA Coop LP, GenPar Bermuda, and GAP                  
 Bermuda is c/o Conyers Client Services (Bermuda) Limited, Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The mailing address    
 of GA DO and GA Coop UA is Prinsengracht 769 A, 1017 JZ,, Amsterdam, The Netherlands. The mailing                                           |

<div align='center'>S-35</div>

address of GAP Lux, GA Lux, and GA
GenPar Lux is 412F, Route d’Esch, L-1471 Luxembourg. The mailing address of GA DO SPV and GA DO SPV GP is c/o Conyers Trust Company
(Cayman) Limited, SIX, 2 Floor, Cricket Square, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands.

| (3) | Held indirectly through IZBA S.A. Sergio Enrique Fogel Kaplan                                                                           
 and Aline Eva Herrnstadt disclaim any beneficial ownership of the shares other than to the extent of any pecuniary interest he or she   
 may have therein, directly or indirectly. Information is based on the Schedule 13G/A filed by the shareholder on February 14, 2025, and 
 information provided by the shareholder to the Company.                                                                                 |

| (4) | Held directly and indirectly through Emerald Bay 24 LLC. Information                                                                     
 is based on the Schedule 13G/A filed by the shareholder on February 8, 2024, and information provided