dLocal Seeking More Independent Board Directors, Sees Continued Momentum in Q3

Aug 13 (Reuters) - Dlocal Ltd DLO.O:

• DLOCAL SEES GROWTH IN OPERATING EXPENSES IN H2 - EXECUTIVE

• DLOCAL CEO SAYS HIGHER GUIDANCE DUE TO STRONG PERFORMANCE IN H1 AND SUSTAINED MOMENTUM EXPECTED ACROSS BUSINESSES

• DLOCAL CEO: WE ARE TRANSITIONING TO A MAJORITY INDEPENDENT BOARD, HAVE BEGUN SEARCH FOR ADDITIONAL INDEPENDENT DIRECTORS

• DLOCAL CEO: WE WILL ALSO STRENGTHEN OVERSIGHT WITH CORPORATE GOVERNANCE, COMPENSATION COMMITTEES

• DLOCAL: WE ARE BEING SOMEWHAT CAUTIOUS ON GUIDANCE, BUT WE'VE SEEN Q3 WITH SAME KIND OF MOMENTUM AS H1 - EXECUTIVE