SNI STOCK OPTIONS

In May 2013 employees of Stolt-Nielsen Limited
exercised options to acquire a total of 5,800 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 42,514

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 May
31, 2013 is 64,133,796.

Total number of Common Shares held by Stolt-Nielsen
Limited as of May 31, 2013 is 6,118,769.

Total number of Common Shares therefore outstanding
as of May 31, 2013 is 58,015,027.