Stolt-Nielsen S.A. announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 94,400 of SNSA Common Shares on the Oslo Børs at an average price of NOK 187.49 per share (approximately $29.21 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares.
Accordingly, in conformity with applicable Oslo Børs requirements, we report that Stolt-Nielsen S.A., through its wholly-owned subsidiary, Stolt-Nielsen Transportation Group Ltd., after this transaction has the following ownership (in the aggregate) in Stolt-Nielsen S.A., whose Common Shares are secondarily listed on the Oslo Børs with primary listing (through ADS arrangements) in the United States:
Total number of Common Shares purchased: 94,400
Total number of Common Shares owned after purchase: 6,157,550
Percentage of issued shares of such class of shares following such purchase: 9.3%
Including today's purchases, the Company has purchased Common Shares totaling approximately $179.0 million under the $200 million repurchase program announced on August 25, 2005.