SNI STOCK OPTIONS

In February 2013 employees of Stolt-Nielsen Limited
exercised options to acquire a total of 2,500 Common
Shares of Stolt-Nielsen Limited. All shares have
been acquired at a volume weighted average price of
USD 7.33. Total proceeds were USD 18,325.00.

As a consequence of use of treasury shares to satisfy
stock options exercised, no new Common Shares were
issued.

The total number of issued Common Shares as of
January 31, 2013 is 64,133,796.

Total number of Common Shares held by Stolt-Nielsen
Limited as of January 31, 2013 is 6,139,569.

Total number of Common Shares therefore outstanding
as of January 31, 2013 is 57,994,227.