LONDON, January 28, 2010 - Stolt-Nielsen S.A. (Oslo Børs: SNI) today reported
unaudited results for the fourth quarter and full year ended November 30, 2009.
Net profit attributable to shareholders in the fourth quarter was $22.3
million, with revenue of $430.5 million. Net profit attributable to
shareholders for the full year was $95.2 million, with revenue of $1,645.1
million.

Highlights for the fourth quarter of 2009 compared with the third quarter of
2009 included:

·        Stolt Tankers reported an operating profit of $11.3 million, down from
$14.2 million, primarily as a result of higher bunker costs and a reduction in
deep-sea operating days.
·        The Stolt Tankers Joint Service Sailed-in Time-Charter Index[1]
decreased to 1.15 from 1.20.
·        Stolthaven Terminals reported an operating profit of $14.5 million, up
from $14.0 million, primarily due to lower operating expenses and higher equity
income from its joint-venture terminals.
·        Stolt Tank Containers reported an operating profit of $9.7 million,
down from $13.2 million, reflecting higher ocean freight costs and increased
price competition.
·        Stolt Sea Farm reported an operating loss of $2.0 million, compared
with an operating profit of $0.5 million, reflecting a $2.8 million reduction in
the fair market value of inventories, versus a $1.2 million reduction in the
third quarter.

Commenting on the Company's results, Mr. Niels G. Stolt-Nielsen, Chief Executive
Officer of SNSA, said:

"Considering the challenging circumstances in our industry in 2009, I am pleased
with SNSA's full-year results. In the fourth-quarter, results in tankers were
held down by a surge in bunker fuel prices and our tank container margins
continued to be squeezed by rising freight costs and keen competition. Despite
lower throughput, Stolthaven's operating profit was up due to lower operating
costs and increased equity income from joint ventures. Stolt Sea Farm reported
a loss this quarter, but has performed well under challenging market
conditions. Overall, SNSA has emerged from 2009 relatively well positioned,
with a strong balance sheet."

"The economic outlook for 2010 remains uncertain. While government stimulus
packages have helped to revive the financial markets, their impact on the
fundamentals of global demand, production and supply are less clear. Therefore
we expect 2010 to be another challenging year and we intend to continue
operating our businesses in the conservative manner that has served us well to
date."

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[1] The Stolt Tankers Joint Service Sailed-in Time-Charter Index is an indexed
measurement of the sailed-in rate for the Joint Service and was set at 1.00 in
the first quarter of 1990 based on the average sailed-in time-charter result for
the fleet at the time. The sailed-in rate is a measure frequently used by
shipping companies, which subtracts from the ships' operating revenue the
variable costs associated with a voyage, primarily commissions, sublets,
transshipments, port costs, and bunker fuel.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

[HUG#1378047]

Stolt-Nielsen S.A. Reports Unaudited Results For the Fourth Quarter and Full Year of 2009