Press Release

Stolt-Nielsen S.A. Announces Sale of Southern Bluefin Tuna

London, England - December 18, 2006 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo B?rs: SNI) today announced that through its wholly-owned subsidiary, Stolt Sea Farm Holdings BV (SSF), it had completed the sale of its Southern bluefin tuna business, based in Port Lincoln, Australia, to SAMS Holdings (SA) Pty. Ltd. for proceeds totaling AUS $90 million (approximately U.S. $70 million at current exchange rates).  In the fourth quarter of 2003, SSF sold 200 metric tons of its Southern bluefin tuna quotas and today's sale represents the remaining 500 metric tons.  SNSA expects to recognize a gain of approximately $44 million on the transaction in its first quarter of 2007.   Operating revenue for the Southern bluefin tuna business in 2006 was approximately US $11 million.
Pablo Garcia, President of SSF, said, "The Southern bluefin tuna business has been a non-core activity for SSF for the last couple of years.  SSF's strategy is focused on developing species where biological know-how and technology expertise create a fundamental competitive advantage. We are happy to complete this sale today at a price that we believe reflects the real value of the business."
Richard M. Lemanski
U.S. 1 203 299 3604
Jan Chr. Engelhardtsen
U.K. 44 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 Southern bluefin tuna.
Forward-Looking Statements
This 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 more 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.