Mandatory Notification of trade

On November 15, 2012, Mr. Niels G. Stolt-Nielsen,
Chief Executive Officer of Stolt-Nielsen Limited and
a primary insider of the company, exercised stock
options to purchase 38,750 shares in Stolt-Nielsen
Limited (Ticker: SNI) at an average price of USD
$6.62 per share.

After this transaction Mr. Niels G. Stolt-Nielsen
owns 423,570 shares in Stolt-Nielsen Limited.