SNI STOCK OPTIONS

On September 12 2013, Christer Olsson, Chairman of
the Board of Stolt-Nielsen Limited and a Primary
Insider of Stolt-Nielsen Limited, exercised stock
options and sold 1,300 shares at a price of NOK
154.50.

After this transaction, Christer Olsson holds 0
(zero) shares in Stolt-Nielsen Limited and 14,300
stock options, of which 14,300 are exercisable.