STOLT-NIELSEN S.A. BOARD DECLARES INTERIM DIVIDEND




Stolt-Nielsen S.A

London, England - November 19, 1997 - Stolt-Nielsen S.A. (Nasdaq: STLTF, STLBY; Oslo Stock Exchange: SNIB) announced today that at its meeting held on November 18, 1997, the Company’s Board of Directors has decided to pay an interim dividend of $0.25 per Common Share and per Class B Share (including American Depository Shares (ADS’s) each of which represents one Class B Share) of the Company, payable on December 17, 1997 to shareholders of record as of December 3, 1997.

Stolt-Nielsen S.A. 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 its parcel tanker, tank container, terminal, rail and barge services, provides integrated transportation for its customers. The Company owns 43 percent of Stolt Comex Seaway S.A. ('SCS'), which is among the largest subsea services contractors in the world. SCS specializes in providing engineering, flowline lay, construction, inspection, and maintenance services to the offshore oil and gas industry. Stolt Sea Farm, wholly owned by the Company , produces and markets high quality Atlantic Salmon, salmon trout, turbot and halibut. -end text-

Stolt-Nielsen S.A Hugin