Stolt Offshore Announces General Meeting

Stolt Offshore S.A. announced that an Extraordinary General Meeting of shareholders will be held on Thursday, October 17, 2002 at 3:00 p.m. local time at the offices of Services Généraux de Gestion S.A., 23, avenue Monterey, L-2086 Luxembourg. The Board of Directors of Stolt Offshore S.A. (the "Company") has determined that Common Shareholders of record as of the close of business on September 9, 2002 will be entitled to vote. The purpose of this meeting is to consider and approve a recommendation of the Audit Committee and the Board of Directors of the Company to elect Deloitte & Touche S.A. as the Auditors of the company for a term to expire at the next Annual General Meeting of Shareholders.