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    Stolt Offshore sold off by Stolt-Nielsen

    News // January 21, 2005
    Stolt Offshore SA has announced that 79,414,260 common shares, formerly held by parent company Stolt-Nielsen SA, have successfully been placed.

    Tom Ehret, Chief Executive Officer, commented, "We thank Stolt-Nielsen for their history of support and welcome this expansion of our shareholder base. Stolt Offshore has emerged from a significant restructuring as a stronger and refocused company. Thisis a new chapter for Stolt Offshore, as an independent pipeplay deepwater contractor, and our long-term prospects are positive."

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