Stolt-nielsen

Major Shareholding Notification • Mar 1, 2010

Mandatory Notification of trade

On February 26, 2010; Fiducia Ltd.; a company related

to primary insiders: John Wakely, Chairman of

Fiducia Ltd and Executive Vice President of Stolt-

Nielsen S.A.; Jacob Stolt-Nielsen, Chairman of Stolt-

Nielsen S.A.; Niels G. Stolt-Nielsen, CEO of Stolt-

Nielsen S.A.; and Jacob B. Stolt-Nielsen, Director of

Stolt-Nielsen S.A.; acquired 50,000 shares in Stolt-

Nielsen S.A. at an average price of NOK 92.55 per

share.

After this transaction Fiducia Ltd. owns 28,742,255

shares in Stolt-Nielsen S.A.