SNI STOCK OPTIONS

In February 2010 there were no stock options
exercised by employees of Stolt-Nielsen S.A.

The total number of issued Common Shares as of
February 28, 2010 is 64,133,796.

The total number of Common Shares held by Stolt-
Nielsen Transportation Group Ltd. as of February 28,
2010 is 4,479,283.

The total number of Common Shares therefore
outstanding as of February 28, 2010 is 59,654,513.