Semi-Annual Report & Accounts Highlights

- Net Asset Value ("NAV") of €56.4 million (€1.87 per share) at 31
January 2009

- A proposed dividend of €0.06 per share for the period from 1 August
2008 to 31 January 2009 (the "period", or "interim period")

- Net loss of the Company for the period of €101.7 million, or €3.38
loss per share, taking into account the recognition of impairments on
the 13 residuals of CLOs, the further decline in value of the six UK
non-conforming ABS and the mark-to-market losses of assets held at
fair value through profit or loss and derivative financial
instruments

- The investments held by the Company generated €12.4 million of cash
over the period

- Over the period, the investment strategy was mainly to maintain
cash in the Company while waiting for investment opportunities to
arise. As a consequence, the cash holding was €24.5 million at the
period end representing 43.5% of the NAV of the portfolio

- During the period, the sole purchases of new investments were two
BBB rated tranches of CLOs for a total amount of €3 million

- As of the end of the interim period, Volta Finance held investments
in three underlying asset classes (CDO, Corporate Credit, ABS)

- In view of the increase in discount margins seen in the market, the
Company intends to continue to expand its investment horizon to
assets that benefit from larger cushions of subordination and/or
lower leverage within its target asset classes. The Company will
continue to be very selective when pursuing its investment strategy

- Operating expenses as a percentage of average NAV for the period
ended 31 January 2009 were 3.16%

(Full semi-annual report in attachment or on www.voltafinance.com)