Dividend Policy

It is the Company's policy to pay a semi-annual cash dividend to the Company's shareholders. The amount to be paid is determined each year by the Board of Directors according to the financial situation of the Company and its investment plans.

Historical Dividends/Split Summary

Declared

Ex-Date

Record

Payable

Common

Class B

Type

Apr.19.12 Apr.24.12

Apr.26.12

May.11.12 $0.500 N/A Regular Cash

Nov.10.11

Nov.21.11

Nov.23.11

Dec.08.11

$0.500

N/A

Regular Cash

Feb.17.11

Apr.26.11

Apr.28.11

May.12.11

$0.500

N/A

Regular Cash

Nov.19.10

Nov.30.10

Dec.02.10

Dec.16.10

$0.500

N/A

Regular Cash

Nov.12.09

Nov.23.09

Nov.25.09

Dec.09.09

$0.500

N/A

Regular Cash

Nov.13.08

Nov.24.08

Nov.26.08

Dec.10.08

$0.500

N/A

Regular Cash

Feb.07.08

May.19.08

May.21.08

Jun.04.08

$0.500

N/A

Regular Cash

Nov.08.07

Nov.26.07

Nov.28.07

Dec.12.07

$0.500

N/A

Regular Cash

Feb.08.07

Jun.18.07

Jun.20.07

Jul.05.07

$0.500

N/A

Regular Cash

Nov.09.06

Nov.16.06

Nov.20.06

Dec.06.06

$0.500

N/A

Regular Cash

Feb.02.06

May.30.06

Jun.01.06

Jun.15.06

$1.000

N/A

Regular Cash

Nov.17.05

Nov.28.05

Nov.30.05

Dec.14.05

$1.000

N/A

Regular Cash

Mar.11.05

Jun.13.05

Jun.15.05

Jun.30.05

$2.000

N/A

Regular Cash

Mar.12.03

May.12.03

May.14.03

May.28.03

$0.125

N/A

Regular Cash

Nov.15.02

Dec.02.02

Dec.04..02

Dec.18.02

$0.125

N/A

Regular Cash

Feb.15.02

May.09.02

May.13.02

May.29.02

$0.125

N/A

Regular Cash

Nov.14.01

Dec.03.01

Dec.05.01

Dec.19.01

$0.125

N/A

Regular Cash

Feb.15.01

May.03.01

May.07.01

May.23.01

$0.125

N/A

Regular Cash

On Mar.07.01 Stolt-Nielsen S.A. reclassified non-voting Class B Share as Common Shares on a one-for-one basis

Nov.09.00

Dec.04.00

Dec.06.00

Dec.20.00

$0.125

$0.125

Regular Cash

Feb.15.00

Apr.28.00

May.02.00

May.18.00

$0.125

$0.125

Regular Cash

Nov.16.99

Nov.29.99

Dec.01.99

Dec.15.99

$0.125

$0.125

Regular Cash

Feb.11.99

Apr.29.99

May.03.99

May.19.99

$0.125

$0.125

Regular Cash

Nov.19.98

Nov.30.98

Dec.02.98

Dec.16.98

$0.25

$0.25

Regular Cash

Mar.04.98

Apr.30.98

May.04.98

May.20.98

$0.25

$0.25

Regular Cash

Nov.18.97

Dec.01.97

Dec.03.97

Dec.17.97

$0.25

$0.25

Regular Cash

Mar.07.97

May.08.97

May.12.97

May.28.97

$0.25

$0.25

Regular Cash

Nov.20.96

Dec.03.96

Dec.05.96

Dec.19.96

$0.25

$0.25

Regular Cash

Mar.11.96

May.15.96

May.17.96

Jun.05.96

$0.25

$0.25

Regular Cash

Dec.01.95

Dec.26.95

Dec.29.95

Jan.02.96

Stock Dividend of 1 Class B Share for Every 2 Common Shares Held

Jul.17.95

Jul.26.95

Jul.28.95

Aug.15.95

$0.30

N/A

Regular Cash

May.05.95

May.09.95

May.12.95

May.31.95

$0.25

N/A

Regular Cash

May.19.92

Jun.22.92

Jun.26.92

Jul.15.92

$0.05

N/A

Regular Cash

Nov.26.91

Dec.20.91

Dec.27.91

Jan.17.92

$0.30

N/A

Regular Cash

May.03.91

Jun.24.91

Jun.28.91

Jul.19.91

$0.30

N/A

Regular Cash

Nov.28.90

Dec.21.90

Dec.28.90

Jan.18.91

$0.30

N/A

Regular Cash

Apr.25.90

Jun.25.90

Jun.29.90

Jul.20.90

$0.30

N/A

Regular Cash

Nov.28.89

Dec.22.89

Dec.29.89

Jan.19.90

$0.30

N/A

Regular Cash

May.03.89

Jun.26.89

Jun.30.89

Jul.20.89

$0.25

N/A

Regular Cash

Nov.30.88

Dec.23.88

Dec.30.88

Jan.20.89

$0.25

N/A

Regular Cash