Debt

Stolt-Nielsen Limited has the following bonds outstanding, which are listed on the Oslo Stock Exchange under the ticker symbols SNI10 and SNI11.

^{*For SNI10, Stolt-Nielsen Limited has swapped (a) NOK 1.2 billion into USD obligations at a fixed interest rate of 7.8225% and (b) NOK 0.325 billion into USD obligations at a fixed interest rate of 7.805%. For SNI11, Stolt-Nielsen Limited has swapped NOK 1.5 billion into USD obligations at a fixed interest rate of 5.934%}