Press Release

Stolt-Nielsen Transportation Group Appoints Jens Lassen As Managing Director of Shipowning

Rotterdam, The Netherlands - March 23, 2005 - Stolt-Nielsen Transportation Group (SNTG) announced today that Jens Lassen has been appointed Managing Director of Shipowning, based at SNTG's headquarters in Rotterdam. Mr. Lassen was previously Vice President of Technical Operations for Royal Caribbean Cruise Lines.

Commenting on the appointment, Otto H. Fritzner, Chief Executive Officer of SNTG, said, "Jens is a seasoned shipping executive who brings more than 26 years of broad industry experience to SNTG.  For the last 15 years of his career he has focused on ship management and earned a strong reputation for leadership in all aspects of the business.  We are delighted to have him with us in this important role at SNTG."
Mr. Lassen succeeds Mr. Fritzner, who was appointed Chief Executive Officer of SNTG in June 2004 and remained responsible for ship management while conducting the search for his replacement.
Prior to joining SNTG, Mr. Lassen was based in Miami where he was responsible for Royal Caribbean International's port, ship management, technical systems and technical ship operations since 2000.  He was previously with V. Ships, the world's largest provider of independent ship management and related marine services, which he joined in 1991.  In his role as Technical Director, he was responsible for the technical management of a variety of vessels, including OBOs, product tankers, LPG tankers, chemical tankers, crude oil tankers and one bulk carrier.  Prior to that he was with Anders Wilhelmsen, where he was responsible for the daily operation of a saturation diving vessel and the company's commitments in the offshore sector.  Most of his early career was spent as a surveyor with Det Norke Veritas, which he joined in 1982.
Mr. Lassen graduated from Strathclyde University in 1979 with a BSc in Naval Architecture and Marine Engineering.
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 Atlantic salmon, salmon trout, turbot, halibut, sturgeon, caviar, bluefin tuna, and tilapia.
Richard Lemanski
USA 1 203.625.3604
[email protected]

Valerie Lyon
UK 44 20 7611 8904
[email protected]