SNI STOCK OPTIONS

In November 2013 employees of Stolt-Nielsen Limited
exercised options to acquire a total of 63,425 Common
Shares of Stolt-Nielsen Limited. All shares have
been acquired at a volume weighted average price of
USD 7.68. Total proceeds were USD 487,195.50

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
November 30, 2013 is 64,133,796.

Total number of Common Shares held by Stolt-Nielsen
Limited as of November 30, 2013 is 6,045,369.

Total number of Common Shares therefore outstanding
as of November 30, 2013 is 58,088,427.