SNI STOCK OPTIONS
In February 2012 there were no stock options
exercised by employees of Stolt-Nielsen Limited.
As a consequence of use of treasury shares to satisfy
stock options exercised, no new Common Shares were
The total number of issued Common Shares as of
February 29, 2012 is 64,133,796.
Total number of Common Shares held by Stolt-Nielsen
Limited as of February 29, 2012 is 6,222,275.
Total number of Common Shares therefore outstanding
as of February 29, 2012 is 57,911,521.