Press Release

Stolt-Nielsen S.A Announces U.S. Securities and Exchange Commission Investigation Completed

London, England - July 11, 2008 - Stolt-Nielsen S.A. (Oslo Stock Exchange: SNI) announced today that it has been informed by the staff of the U.S. Securities and Exchange Commission ("SEC") that the SEC's formal investigation of Stolt-Nielsen has been completed and that the SEC staff does not intend to recommend any enforcement action be taken by the SEC.  Stolt-Nielsen had previously disclosed the formal order of investigation it received in July 2007 relating to, among other things, Stolt-Nielsen's stock options practices and procedures.
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
Jens F. Gruner-Hegge
V.P. Corporate Finance
U.K. +44 (0) 20 7611 8985
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (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.