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Stolt-nielsen

Transaction in Own Shares Jan 5, 2010

9910_dirs_2010-01-05_c7b25290-2bac-49b9-935b-2c1877f1a0d5.html

Transaction in Own Shares

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SNI STOCK OPTIONS

In December 2009, employees of Stolt-Nielsen S.A.

exercised options to acquire a total of 4,200 Common

Shares of Stolt-Nielsen S.A. All shares have been

acquired at a volume weighted average price of

14.625. Total proceeds were USD 61,425.

As a consequence of use of treasury shares to satisfy

stock options exercised, no new Common Shares were

issued.

The total number of issued Common Shares as of

December 31, 2009 is 64,133,796.

Total number of Common Shares held by Stolt-Nielsen

Transportation Group Ltd. as of December 31, 2009 is

4,479,808.

Total number of Common Shares therefore outstanding

as of December 31, 2009 is 59,653,988.

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