Mandatory Notification of Trade

On February 1 2011, Jacob Stolt-Nielsen, Primary
Insider and Board Member of Stolt-Nielsen Limited,
has exercised 24,250 Stock Options at a price of NOK
43,25 (weighted average) and sold 24,250 shares in
Stolt-Nielsen Limited at a price of NOK 130,86.

After this transaction, Jacob Stolt-Nielsen holds
274,746 shares and 45,000 stock options, of which
45,000 are exercisable.