SNI STOCK OPTIONS

In March 2013 no stock options were exercised by
employees of Stolt-Nielsen Limited.

As a consequence, no new Common Shares were issued.

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

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

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