Stolt-Nielsen S.A. Announces Exercise of Stock Options and Sale of Shares by Primary Insiders
London, England - March 1, 2005 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Stock Exchange: SNI) today announced that certain senior officers and directors of the Company, including the Chairman and the Chief Executive Officer, have exercised stock options and subsequently sold an aggregate of 514,000 Common shares through offshore transactions in accordance with Regulation S under the U.S. Securities Act of 1933. These primary insiders had been restricted by law and Company policy from trading in the Company's shares for an extended period in light of the Company's financial and legal circumstances. Since the release of the Company's fourth quarter and year-end earnings announcement, the restrictions have not been applicable and these individuals, based on their personal circumstances, determined to take this opportunity to exercise options and sell shares. The shares involved represent less than two percent of the shares beneficially owned by these individuals.