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Stolt-Nielsen S.A. Announcement of Unaudited Fourth Quarter and Year-end 2006 Results and First Quarter 2007 Results
London, England - April 17, 2007 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Stock Exchange: SNI) reported on March 21, 2007 that it would delay the release of its results for the fourth quarter and full year of 2006 pending an assessment of the errors identified in previously issued financial statements.
Management has now completed this assessment and concluded that these errors were not material to the previously issued financial statements and, accordingly, no restatement is required. Further details including the accounting treatment will be included in the earnings release and in the Company's Form 20-F.
The results for the Fourth Quarter 2006, Year-end 2006 and First Quarter 2007 will therefore be announced as follows:
- Wednesday, April 25, 2007 - Fourth Quarter 2006 and Year-end 2006 results.
Please note that this announcement will be only through a press release and will NOT be accompanied by a conference call
- Thursday, April 26, 2007 - First Quarter 2007 results announcement.
Presentation and conference call
Stolt-Nielsen will hold a presentation and conference call for the First Quarter 2007 results on Thursday, April 26, 2007 at 4:00pm CET (10:00am EDT; 3:00pm BST) at Shippingklubben, Haakon VII's gate 1, in Oslo, Norway.
Participating in the presentation and the call will be:
- Mr. Niels G. Stolt-Nielsen - Chief Executive Officer, Stolt-Nielsen S.A.
- Mr. Jan Chr. Engelhardtsen - Chief Financial Officer, Stolt-Nielsen S.A.
- Mr. Otto H. Fritzner - Chief Executive Officer, Stolt-Nielsen Transportation Group
Anyone wishing to participate should dial 0800-0289792 (in UK), 1 800-500-6404 (in U.S. & Canada), 800-19057 (Norway) or 1 (719) 457-2735 (outside U.S.) at that time. Phone lines will open 10 minutes before the call.
If you cannot participate in this call there is a Postview facility (a taped recording of the conference call) available after the conference call on Thursday, April 26, 2007 until Friday, April 27, 2007 at 11.59pm CET (5.59pm EDT, 10.59pm BST). For access dial 1 888-203-1112 (U.S. & Canada), 0800-0288204 (in UK), 800-15503 (Norway) or 1 (719) 457-2735 (international) and quote the passcode: 4663189.
Alternatively, a Live Webcast conference call will be available via the company's Internet site www.stolt-nielsen.com commencing on Thursday, April 26, 2007 at 4:00pm CET (10:00am EDT, 3:00pm BST). A playback of the conference call commences on Thursday, April 26, 2007 after 7.00pm CET (1.00pm EDT, 6.00pm BST).
For additional information please contact:
U.K. +44 (0) 20 7796 4133
Jan Chr. Engelhardtsen
U.K. +44 (0) 20 7611 8972
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-Nielsen Transportation Group, provides integrated transportation for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot and sturgeon, and caviar.
Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "should," "seek," and similar expressions. The forward-looking statements reflect the Company's current views and assumptions and are subject to risks and uncertainties. The following factors, and others which are discussed in the Company's public filings and submissions with the U.S. Securities and Exchange Commission, are among those that may cause actual and future results and trends to differ materially from the Company's forward-looking statements: the general economic conditions and competition in the markets and businesses in which the Company operates; changes in the supply of and demand for parcel tanker, tank container and terminal capacity in the markets in which the Company operates; changes in the supply of and demand for the products we transport, particularly the bulk liquids, chemicals and other specialty liquids that form the majority of the products that we transport; prevailing market rates for the transportation services that the Company offers and the fish products that the Company sells; changes in bunker fuel prices; the cost and feasibility of maintaining and replacing the Company's older ships and building or purchasing new ships; uncertainties inherent in operating internationally; the outcome of legal proceedings; the Company's relationship with significant customers; the outcome of discussions with customers concerning potential antitrust claims; the impact of negative publicity; environmental challenges and natural conditions facing the Company's aquaculture business; the impact of laws and regulations; operating hazards, including marine disasters, spills or environmental damage; the conditions and factors that may influence the decision to issue future dividends; and the market for long-term debt. Many of these factors are beyond the Company's ability to control or predict. Given these factors, you should not place undue reliance on the forward-looking statements. Should one or ore of these risks or uncertainties occur, or should management's assumptions or estimates prove incorrect, actual results and events may vary materially from those discussed in the forward-looking statements.