Stolthaven New Orleans Terminal News

Stolt-Nielsen Limited : Stolthaven New Orleans Flooded following Hurricane Isaac Landfall. Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that hurricane Isaac made landfall in southern Louisiana in the early hours of August 29, 2012 as a category 1 hurricane. The hurricane has caused serious flooding at our Stolthaven New Orleans terminal located at Braithwaite resulting from failure of the levee surge protection system with parts of the terminal being under as much as seven feet of water. All personnel on-site are reported to be safe, and we have currently no reports of any environmental issues or failure of product containment systems.

Stolt-Nielsen S.A. will enter into a new five-year $150 million credit facility to be fully underwritten by DnB NOR Bank ASA. The facility will be secured by a pledge of the Company's Stolthaven Houston and Stolthaven New Orleans terminal-storage assets. The facility will be used to prepay an existing $64 million credit facility on Stolthaven Houston, which is scheduled to mature in January 2005, and for general corporate purposes. The transaction is expected to close by the end of July 2004. "SNSA continues to strengthen its liquidity position," said Niels G. Stolt-Nielsen, chief executive officer of SNSA. "The completion of this latest transaction is expected to provide us with sufficient liquidity for the foreseeable future."