On May 6 2010, Niels G. Stolt-Nielsen, CEO of
Stolt-Nielsen S.A. and a Primary Insider of Stolt-
Nielsen S.A., purchased 50,000
shares at NOK 88.81 in Stolt-Nielsen S.A.

After this transaction, Niels G. Stolt-Nielsen holds
317,820 shares and 133,750 stock options, of which
88,750 are exercisable.