Stolt Tankers B.V. Cancels Newbuilding Contract

  Stolt Tankers B.V., a subsidiary
of Stolt-Nielsen S.A.  (Oslo Børs: SNI), today  announced that it
has
cancelled a contract with  SLS Shipbuilding Co.  Ltd. of South
Korea
for the construction of hull #475, a 44,000 dwt coated parcel
tanker,
the third  in  a  series  of four  ships,  citing  extended
delivery
delays.  The ship was originally  scheduled for delivery in
November
2008.  All  progress payments  to  date are  covered by  bank
refund
guarantees.

This cancellation follows the cancellation of hull #473, the first ship in the series from SLS Shipyard Co. Ltd., in March of this year, and hull #474 in June. The yard has challenged our right to cancel the contracts for hulls #473 and #474, and the parties are now in arbitration. The fourth ship in the series, hull #476, is also experiencing substantial construction delays.

Contacts:

Jan Chr. Engelhardtsen
U.K. [phone]
[e-mail]

Jens F. Gruner-Hegge
U.K. [phone]
[e-mail]

About Stolt-Nielsen S.A.

Stolt-Nielsen S.A. (SNSA or the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly owned subsidiary Stolt Tankers & Terminals and Stolt Tank Containers, provides integrated transportation solutions for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-Nielsen is listed on the Oslo Stock Exchange.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Jan Chr. Engelhardtsen U.K. [phone] Email Contact Jens F. Gruner-Hegge U.K. [phone] Email Contact