Stolt-Nielsen S.A.
On September 8 2010, Walter Wattenbergh, President of
Stolthaven Terminals, and a Primary Insider of Stolt-
Nielsen S.A., purchased 8,500 shares at NOK 87.422
and 400 shares at NOK 87.525 in Stolt-Nielsen S.A.
After this transaction, Walter Wattenbergh holds
8,900 shares and 38,500 stock options, of which
32,500 are exercisable.