Stolt-Nielsen Limited Reports Unaudited Results For the Third Quarter of 2012

LONDON, October 4, 2012 - Stolt-Nielsen Limited (Oslo Børs: SNI) today reported
unaudited results for the third quarter ended August 31, 2012.  Net profit
attributable to shareholders in the third quarter was $7.1 million, with revenue
of $516.4 million, compared with $37.0 million and $538.8 million, respectively,
in the second quarter of 2012.

Highlights for the third quarter of 2012, compared with the second quarter of
2012, were:

* Stolt Tankers reported an operating loss of $0.8 million, compared with an
operating profit of $4.5 million, excluding the second-quarter gain of $24.5
million on insurance compensation related to the loss of Stolt Valor, as
global market conditions remained weak.
* The Stolt Tankers Joint Service Sailed-in Time-Charter Index[1] was 1.12,
compared with 1.18 in the second quarter.
* Stolthaven Terminals reported an operating profit of $12.2 million, down
from $18.1 million, due in part to a $2.3 million provision towards expenses
related to the flooding of Stolthaven New Orleans by Hurricane Isaac, and
lower income from joint ventures.
* Stolt Tank Containers reported an operating profit of $20.1 million, up from
$19.6 million, due to a $3.0 million reduction in depreciation resulting
from a change to the salvage value of its tank containers.
* Stolt Sea Farm reported an operating loss of $1.4 million, compared with an
operating profit of $1.8 million, reflecting lower revenue and a negative
impact of $1.3 million from the accounting for inventories at fair value,
versus a positive impact of $1.4 million in the preceding period.
* Stolt-Nielsen Gas reported equity income of $1.1 million from its investment
in Avance Gas Holding Ltd (AGHL), compared with a loss of $0.9 million in
the second quarter, as the LPG transportation market continued to
strengthen.


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

"Stolt-Nielsen Limited's weakened result in the third quarter reflects the
underlying weakness in the parcel tanker market driven by a slowing global
economy.  Stolt Tankers reported an operating loss, as overall market conditions
remained soft and unscheduled drydockings resulted in fewer sailing days.  Lower
results at Stolthaven Terminals were attributable to a provision taken towards
the costs from the flooding of our New Orleans terminal due to Hurricane Isaac.
At Stolt Tank Containers, excluding the change to the salvage value of the
containers, results were slightly down.  However, fundamentals remain healthy.
 Stolt Sea Farm reported an operating loss due to a negative inventory
adjustment, but revenues were also down on seasonally lower volumes sold.  A
bright spot to report is the strengthening VLGC market."

"Managing our business with conservative assumptions about the global economic
recovery has put us in a position to pursue unique opportunities as and when
they arise".

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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,
external time charter expenses, transshipments, port costs, and bunker fuel.



This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


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