STOLT-NIELSEN S.A.                                  [LOGO OF STOLT-NIELSEN S.A.]

c/o Stolt-Nielsen Ltd.          Tel: +44 207 611 8960
Aldwych House                   Fax: +44 207 611 8965
71-91 Aldwych                   www.stolt-nielsen.com
London WC2B 4HN
United Kingdom

NEWS RELEASE

       STOLT-NIELSEN S.A. AND NUTRECO N.V. REACH AGREEMENT TO SELL ENTIRE
           SHAREHOLDING IN MARINE HARVEST TO GEVERAN TRADING CO. LTD.

LONDON, ENGLAND - MARCH 6, 2006 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Stock
Exchange: SNI) and Nutreco Holding N.V. announced today an agreement to sell
their entire shareholding in the aquaculture company Marine Harvest N.V. to the
investment fund Geveran Trading Co. Ltd. for total cash proceeds of
approximately EUR 1.175 billion, plus the assumption of all of Marine Harvest's
debt of approximately EUR 150 million. SNSA currently owns 25% of Marine Harvest
and Nutreco owns 75%. SNSA expects to realize cash proceeds of approximately
$350 million from the sale of its share of Marine Harvest and a gain of
approximately $80 million.

Geveran Trading is part of Greenwich Holding Ltd, a company indirectly
controlled by Mr John Fredriksen. The Greenwich Group also holds significant
stakes in the two Norwegian aquaculture companies Pan Fish ASA and Fjord Seafood
ASA.

The closing of the transaction is subject to the approval of regulatory and
competition authorities, of which all risks are borne on the account of the
buyer. As a consequence of this transaction, the previously announced dividend
from Marine Harvest will not be paid. The preparations for the IPO of Marine
Harvest have been put on hold.

Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA, said, "The sale of our
full stake in Marine Harvest to Geveran Trading will unlock substantial value
for SNSA. With the repayment in February of this year of SNSA's $65 million
shareholder loan to Marine Harvest, SNSA will have realized cash proceeds of
approximately $415 million from its aquaculture investments. SNSA will continue
to own and grow its turbot and sole operations within Stolt Sea Farm."

Contact: Richard M. Lemanski
         U.S. 1 203 299 3604
         rlemanski@stolt.com

         Jan Chr. Engelhardtsen
         UK 44 20 7611 8972
         jengelhardtsen@stolt.com

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ABOUT STOLT-NIELSEN S.A.
Stolt-Nielsen S.A. (the "Company") is one of the world's leading providers of
transportation services for bulk liquid chemicals, edible oils, acids, and other
specialty liquids. The Company, through the parcel tanker, tank container,
terminal, rail and barge services of its wholly-owned subsidiary, Stolt-Nielsen
Transportation Group, provides integrated transportation for its customers.
Stolt Sea Farm, wholly-owned by the Company, produces and markets high quality
turbot and Southern bluefin tuna. The Company also owns 25% of Marine Harvest,
the world's leading producer and supplier of farmed salmon.

FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements may be identified by the use of words
like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan,"
"project," "will," "should," "seek," and similar expressions. The
forward-looking statements reflect our current views and assumptions and are
subject to risks and uncertainties. The following factors, and others which are
discussed in Stolt-Nielsen S.A.'s public filings and submissions with the U.S.
Securities and Exchange Commission, are among those that may cause actual and
future results and trends to differ materially from our forward-looking
statements: the general economic conditions and competition in the markets and
businesses in which Stolt-Nielsen S.A. operates; changes in the supply of and
demand for parcel tanker, tank container and terminal capacity in the markets in
which Stolt-Nielsen S.A. operates; changes in the supply and demand for the
products we transport, particularly the bulk liquids, chemicals and other
specialty liquids that form the majority of the products that Stolt-Nielsen S.A.
transports; prevailing market rates for the transportation services that
Stolt-Nielsen S.A. offers; changes in bunker fuel prices; the cost and
feasibility of maintaining and replacing Stolt-Nielsen S.A.'s older ships and
building or purchasing new ships; the outcome of legal proceedings; the outcome
of discussions with customers concerning potential antitrust claims; the impact
of negative publicity; environmental challenges and natural conditions facing
Stolt-Nielsen S.A.'s aquaculture business; the ability to complete the Marine
Harvest sale transaction; the impact of laws and regulations; uncertainties
inherent in operating internationally; Stolt-Nielsen S.A.'s relationship with
significant customers; the conditions and factors that may influence the
decision to issue future dividends; the market for long-tem debt and operating
hazards, including marine disasters, spills or environmental damage. Many of
these factors are beyond Stolt-Nielsen S.A.'s ability to control or predict.
Given these factors, you should not place undue reliance on the forward-looking
statements. Should one or more of these risks or uncertainties occur, or should
management's assumptions or estimates prove incorrect, actual results and events
may vary materially from those discussed in the forward-looking statements.

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