Stolt-Nielsen S.A. will release its second quarter results
on Thursday, July 10th, 2003. A conference call will
be held to discuss the earnings and review of business operations on Thursday, July 10th, 2003. The date for release of second quarter 2003 results has been delayed to permit Stolt Offshore S.A., a subsidiary of Stolt-Nielsen S.A., to discuss the major items of the Stolt Offshore S.A. Blueprint for financial recovery during Stolt Offshore
S.A. investor conference call.