Stolt Tankers B.V. Cancels Newbuilding Contract

LONDON, Jun 26 (MARKET WIRE) --
Stolt Tankers B.V., a subsidiary of Stolt-Nielsen S.A. (OsloBors: SNI),
today announced that it cancelled a contract with SLS Shipbuilding Co.
Ltd. of South Korea for the construction of hull #474, a 44,000 dwt
coated parcel tanker, the second in a series of four ships, citing
extended delivery delays. On March 30, 2009, Stolt Tankers had entered
into arbitration with SLS Shipbuilding Co. Ltd. disputing their claim for
force majeure to justify delays on hull #474. The ship was originally
scheduled for delivery in September 2008. All progress payments to date
are covered by bank refund guarantees. This cancellation follows the
cancellation of hull #473, the first ship in the series from SLS Shipyard
Co. Ltd., on March 18, 2009. The shipyard has disputed the cancellation
of hull #473 and the parties entered into arbitration on March 26, 2009.

Contacts:

Jan Chr. Engelhardtsen
U.K. +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com

Jens F. Gruner-Hegge
U.K. +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com

About Stolt-Nielsen S.A.

Stolt-Nielsen S.A. (SNSA or 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 Tankers & Terminals and Stolt Tank
Containers, provides integrated transportation solutions for its
customers. Stolt Sea Farm, wholly owned by the Company, produces and
markets high quality turbot, sole, sturgeon, and caviar. Stolt-Nielsen is
currently listed on the Oslo Stock Exchange.

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