Press Release

Stolt-Nielsen S.A. Announces Expiration of Early Consent Period

London, England - February 17, 2005 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Stock Exchange: SNI) today announced that the early consent period relating to Stolt-Nielsen Transportation Group Ltd.'s pending consent solicitation for SNTG's senior notes expired at 5:00 p.m., New York City time, on February 15, 2005. As of that time, a total of $18.21 million outstanding principal amount of notes and related consents had been tendered pursuant to the Solicitation. The Solicitation is scheduled to expire at 5:00 p.m., New York City time, on February 18, 2005. The Offer is scheduled to expire at midnight, New York City time, on February 22, 2005.

This press release is neither an offer to purchase the notes nor a solicitation of an offer to sell the notes.  The Offer and the Solicitation are being made solely pursuant to the Offer to Purchase and Consent Solicitation Statement, dated January 24, 2005, as amended by the Supplement to the Offer to Purchase and Consent Solicitation Statement, dated February 7, 2005.
 
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (NASDAQNM: SNSA; Oslo Stock Exchange: SNI) is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. Stolt-Nielsen S.A., through its parcel tanker, tank container, terminal, rail and barge services, provides integrated transportation for its customers.  Stolt Sea Farm, wholly-owned by Stolt-Nielsen S.A., produces and markets high quality Atlantic salmon, salmon trout, turbot, halibut, sturgeon, caviar, bluefin tuna, and tilapia. (www.stolt-nielsen.com).
Contact:
Richard M. Lemanski
U.S. 1 203 625 3604
[email protected]

Valerie Lyon
UK 44 20 7611 8904
[email protected]