Transpetrol Withdraws from Joint Venture

London, July 4, 2013


Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that Transpetrol Gas Holdings Limited (Transpetrol) has exercised a call option to buy back two very large gas carriers (VLGCs) previously sold to Avance Gas Holding Ltd. (AGHL), and a put option to simultaneously sell its shares in the joint venture back to AGHL. The options formed part of a transaction a year ago when AGHL bought the two ships from Transpetrol in exchange for shares and cash. The ship sale and share purchase is expected to be completed by mid-August 2013. Following the transaction Sungas Holdings Ltd. and Stolt-Nielsen Gas Ltd. will each own 50% of AGHL.

The transaction is not expected to have a material impact on Stolt-Nielsen Limited's balance sheet. Following the transaction AGHL will operate six modern VLGCs and will continue to participate in the consolidation of the LPG transportation market by building a fleet of VLGCs through mergers and acquisitions of second-hand tonnage.

About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of integrated transportation solutions for bulk liquid chemicals, edible oils, acids, and other specialty liquids through its three largest business divisions, Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-Nielsen Gas, through its investment in Avance Gas Holding Ltd., transports liquefied petroleum gas (LPG) with a fleet of very large gas carriers (VLGCs). Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.

Stolt-Nielsen S.A. press release