Share Buyback


On December 1, 2006, Stolt-Nielsen S.A. completed the $200 million share repurchase program authorised by the Board of Directors and announced on August 25, 2005. The shares were bought in open market transactions. There is no further Share buyback program authorised by the Board.

Purchase Date

Number of Shares

Avg. Price

Total Number of Shares Owned

Dec.01.06

67,000

NOK 189.14

6,852,240

Nov.30.06

109,900

NOK 190.08

6,785,240

Nov.29.06

87,980

NOK 190.97

6,675,340

Nov.28.06

95,760

NOK 189.75

6,587,360

Nov.27.06

21,000

NOK 194.21

6,491,600

Nov.24.06

37,700

NOK 193.25

6,470,600

Nov.23.06

14,250

NOK 192.89

6,432,900

Nov.20.06

40,400

NOK 192.31

6,418,650

Nov.17.06

133,000

NOK 190.91

6,378,250

Nov.16.06

78,800

NOK 190.42

6,245,250

Nov.15.06

5,400

NOK 190.57

6,166,450

Nov.10.06

3,500

NOK 188.02

6,161,050

Nov.09.06

94,400

NOK 187.49

6,157,550

Nov.08.06

24,300

NOK 188.25

6,063,150

Nov.07.06

38,450

NOK 188.00

6,038,850

Nov.06.06

16,600

NOK 188.13

6,000,400

Nov.03.06

379,300

NOK 187.98

5,983,800

Oct.31.06

69,600

NOK 188.00

5,604,500

Oct.12.06

200,000

NOK 169.69

5,534,900

Oct.11.06

215,300

NOK 168.73

5,334,900

Oct.10.06

131,050

NOK 169.83

5,119,600

Jul.19.06

92,300

NOK 134.52

4,988,550

Jul.18.06

56,000

NOK 130.78

4,896,250

Jul.17.06

70,750

NOK 129.47

4,840,250

Jul.10.06

176,000

NOK 139.74

4,769,500

May.19.06

78,500

NOK 159.45

4,593,500

May.16.06

382,950

NOK 164.05

4,515,000

May.15.06

589,450

NOK 162.50

4,132,050

May.04.06

147,050

NOK 164.53

3,542,600

May.03.06

101,450

NOK 163.50

3,395,550

Apr.28.06

171,150

NOK 174.00

3,294,100

Apr.27.06

295,200

NOK 174.72

3,122,950

Apr.21.06

465,800

NOK 177.58

2,827,750

Apr.20.06

200,300

NOK 178.04

2,361,950

Apr.10.06

100,000

NOK 188.81

2,161,650

Mar.07.06

350,000

NOK 215.77

2,061,650

Feb.28.06

100,000

NOK 210.25

1,711,650

Nov.30.05

148,450

NOK 218.06

1,611,650

Nov.16.05

200,000

NOK 219.16

1,463,200

Oct.21.05

119,600

NOK 220.00

1,263,200

Oct.18.05

637,900

NOK 224.15

1,143,600

Oct.14.05

505,700

NOK 224.97

505,700