Stolt-nielsen — M&A Activity 2010

Dec 2, 2010

Stolt-Nielsen Gas Ltd. and Sungas Holdings Ltd. Complete Partnership Transaction

LONDON, December 2, 2010 - Stolt-Nielsen Limited (Oslo Børs: SNI) announced

today that its subsidiary Stolt-Nielsen Gas Ltd. ("SNG") and Sungas Holdings

Ltd. ("Sungas") completed the planned partnership transaction announced on

November 19, 2010, whereby SNG and Sungas become equal shareholders in Avance

Gas Holdings Ltd. ("Avance Gas"), which was previously wholly owned by SNG.

As part of the transaction, Sungas sold its three very large gas carriers

(VLGCs) to Avance Gas.  Including the former Sungas ships, Avance Gas now owns

four VLGCs, operates a fifth VLGC under a time charter, and time charters a

medium-sized gas carrier.

Contacts:

Jan Chr. Engelhardtsen

Chief Financial Officer

UK +44 (0) 20 7611 8972

j.engelhardtsen@stolt.com

Jens F. Grüner-Hegge

V.P. Corporate Finance

UK +44 (0) 20 7611 8985

j.gruner-hegge@stolt.com

About Stolt-Nielsen Limited

Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of

integrated transportation solutions for bulk liquid chemicals, edible oils,

acids, and other specialty liquids through its three largest business divisions,

Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm

produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-

Nielsen Gas transports liquefied petroleum gas (LPG) with its fleet of very

large gas carriers (VLGCs). Stolt-Nielsen Limited is listed on the Oslo Stock

Exchange.

Forward-Looking Statements

This press release contains "forward-looking statements" based on information

available to the Company on the date hereof, and the Company assumes no

obligation to update any such forward-looking statement. These statements may be

identified by the use of words like "anticipate," "believe," "estimate,"

"expect," "intend," "may," "plan," "project," "will," "should," "seek," and

similar expressions. The forward-looking statements reflect the Company's

current views and assumptions and are subject to risks and uncertainties. The

Company does not represent or warrant that the Company's actual future results,

performance or achievements will be as discussed in the those statements, and

assumes no obligation to, and does not intend to, update any of those forward-

looking statements other than as may be required by applicable law.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1468313]