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2016-11-16

Stolt-Nielsen Limited: Competition Authorities Approve Stolt-Nielsen Limited's Acquisition of Jo Tankers

LONDON, November 16, 2016 - Stolt-Nielsen Limited (Oslo Børs: SNI) announced
today that it received unconditional Competition Authority approvals of the
Company's previously announced plans to acquire the chemical tanker
operations of Jo Tankers. The acquisition is expected to be finalized before
the end of November.

The transaction comprises 13 chemical tankers and a 50% share in a joint
venture with eight chemical tanker newbuildings, representing an enterprise
value of $575 million. The acquired ships would satisfy the
tonnage-replacement needs of the Stolt Tankers' fleet for the next several
years and add new trade routes that enhance the Company's global service
capabilities.

Funding for the transaction has been secured through Stolt-Nielsen Limited's
main commercial banks with a combination of bridge financing, secured term
loans and corporate funds. The financing of the ships in the joint venture
will be off balance sheet. The net addition to SNL's debt from this
transaction will be about $465 million. Following the transaction, available
liquidity for the Company will be approximately $300 million.

For additional information please contact:

Jan Chr. Engelhardtsen
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com

Jens F. Grüner-Hegge
V.P. Corporate Finance
U.K. +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com

About Stolt-Nielsen Limited

Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of
integrated transportation solutions for bulk liquid chemicals, edible oils,
acids, and other specialty liquids through its three largest business
divisions, Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers.
Stolt Sea Farm produces and markets high quality turbot, sole, sturgeon, and
caviar. Stolt-Nielsen Gas develops opportunities in LPG and LNG shipping and
distribution. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Forward-Looking Statements

This press release contains "forward-looking statements" based on information
available to the Company on the date hereof, and the Company assumes no
obligation to update any such forward-looking statement. 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 the Company's
current views and assumptions and are subject to risks and uncertainties. The
Company does not represent or warrant that the Company's actual future
results, performance or achievements will be as discussed in the those
statements, and assumes no obligation to, and does not intend to, update any
of those forward-looking statements other than as may be required by
applicable law.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Stolt-Nielsen Limited via Globenewswire

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