Stolt-Nielsen Transportation Group Executive

Tuesday, June 24, 2003

Removed from Conditional Amnesty Agreement The Stolt-Nielsen Transportation Group (SNTG), a wholly-owned subsidiary of Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Stock Exchange: SNI), today confirmed that the U.S. Department of Justice has advised the Company that it is charging Mr. Richard Wingfield, an executive with the Company, with a violation of Section 1 of the Sherman Act regarding alleged collusion in the parcel tanker industry. The Department of Justice has advised the Company that it no longer considers Mr. Wingfield to be covered by the conditional amnesty granted to the Company. Mr. Wingfield has been suspended from his position with the Company.