Mandatory Notification of trade

On February 04, 2011; Fiducia Ltd.; a company related
to primary insiders: John Wakely, Chairman of
Fiducia Ltd and Executive Vice President of Stolt-
Nielsen Limited.; Jacob Stolt-Nielsen, Director of
Stolt-Nielsen Limited; Niels G. Stolt-Nielsen, CEO
of Stolt-Nielsen Limited; and Jacob B. Stolt-
Nielsen, Director of Stolt-Nielsen Limited; acquired
10,600 shares in Stolt-Nielsen Limited. at an average
price of NOK 139.04 per share.

After this transaction Fiducia Ltd. owns 28,868,241
shares in Stolt-Nielsen S.A.