Mandatory Notification of trade
On march 11, 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, Directorof 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 92.93 per share.
After this transaction Fiducia Ltd. owns 28,792,255
shares in Stolt-Nielsen S.A.