Stolt-nielsen

Regulatory Filings • Aug 17, 2010

Stolt Tankers B.V. Receives Full Refund for Two Cancelled Newbuildings

LONDON, August 17, 2010 - Stolt-Nielsen S.A. (Oslo Børs: SNI) announced today

that its wholly owned subsidiary Stolt Tankers B.V. received a full refund of

$84.5 million plus accrued interest, as part of an early termination agreement

with SLS Shipbuilding Co. Ltd. (SLS) of South Korea to cancel newbuilding

contracts for two 43,000 dwt stainless steel parcel tankers.  The refund was for

progress payments made by Stolt Tankers on the two ships, which were ordered in

2006 as part of a series of eight parcel tankers to be built by SLS.  Due to

extensive delays at the yard it was unlikely that these ships would have been

delivered within the terms of the shipbuilding contracts.  All of the eight

ships ordered by Stolt Tankers from SLS are covered by refund guarantees and the

Company similarly expects to receive full refunds for the six remaining ships in

the series.  Stolt Tankers made a total of $296 million in progress payments to

SLS towards the eight ships.

The refund will be used by the Company to repay loans taken to fund the

newbuildings and for general corporate purposes.

For additional information please contact:

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 S.A.

Stolt-Nielsen S.A. (SNSA 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 growing

fleet of very large gas carriers (VLGCs). Stolt-Nielsen S.A. 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#1438513]