Mandatory Notification of Trade

On February 4, 2011, Alan B. Winsor, Primary Insider
of Stolt-Nielsen Limited, has exercised 12,650 Stock
Options at a price of NOK 55.33 (weighted average)
and sold 12,650 shares in Stolt-Nielsen Limited at a
price of NOK 137.45.

After this transaction, Alan B. Winsor holds 0 shares
in Stolt-Nielsen Limited and 24,600 Stock Options of
which all are exercisable.