Guernsey, 30 March 2010 - Volta Finance Limited (the "Company" or "Volta Finance") has published its semi-annual report and accounts 2010. The full report and the presentation of the semi-annual results are attached to this release and are available on Volta Finance Limited's financial website (www.voltafinance.com).
Semi-Annual Report & Accounts Highlights
Ø Net Asset Value ("NAV") of €85.6 million (€2.83 per share) at 31 January 2010; a significant increase of 47% from €58.4 million at 31 July 2009
Ø An interim dividend of €0.13 per share for the semi-annual period from 1 August 2009 to 31 January 2010 has been declared by the Board of Directors
Ø Net profit of the Company for the semi-annual period was €20.8 million, or €0.69 per share, taking into account the increase in value of the previously impaired residual tranches of CLOs and the mark-to-market gains of assets held at fair value through profit or loss and derivative financial instruments
Ø The results for the semi-annual period reflect both a significant improvement in the general economic and financial situation but also the ability of the Company's assets to benefit from it
Ø The assets held by the Company generated €7.6 million of interest or coupons in cash over the semi-annual period
Ø After a lull in investing, the Company resumed during the semi-annual period. €31.4 million has been invested, mainly in mezzanine debt tranches of CLOs, senior tranches of Corporate Credit portfolios and short-term AAA European ABS assets. As a consequence, the cash holding went from 47.4% of the NAV of the portfolio at the beginning of the period to 4.9% at end of January 2010
Ø As of 31 January 2010, the Company held investments in three Primary Target Asset Classes (CDOs, Corporate Credits and ABS)
Ø For the coming semi-annual period, the Company intends to continue investing mainly in mezzanine debt tranches of CLOs, senior tranches of Corporate Credit portfolios and short-term AAA European ABS assets, but also to switch some existing assets for similar assets with higher or less uncertain expected cash flows. The Company intends to continue being very selective when pursuing its investment strategy
Ø Operating expenses for the semi-annual period were 1.16% of the 31 January 2010 NAV.

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

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ABOUT VOLTA FINANCE LIMITED
Volta Finance Limited is incorporated in Guernsey under the Companies (Guernsey) Laws, 1994 to 1996 (as amended) and listed on Euronext Amsterdam. Its investment objectives are to preserve capital and to provide a stable stream of income to its shareholders through dividends. For this purpose, it pursues a multi-asset investment strategy targeting various underlying assets. The assets that the Company may invest in either directly or indirectly include, but are not limited to: corporate credits; sovereign and quasi-sovereign debt; residential mortgage loans; automobile loans. Volta Finance Limited's basic approach to its underlying assets is through vehicles and arrangements that provide leveraged exposure to some of those underlying assets.

Volta Finance Limited has appointed AXA Investment Managers Paris, an investment management company with a division specialised in structured credit, for the investment management of all its assets.

ABOUT AXA INVESTMENT MANAGERS
AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with nearly €500 billion in assets under management as of the end of December 2009. AXA IM employs approximately 2,857 people around the world and operates out of 21 countries.

Toevoeging
31 March 2010 - The Board of Volta Finance Limited (Euronext: VTA) today announces that at its meeting held on 23 March 2010, Volta Finance Limited's Board of Directors unanimously agreed to appoint James Gilligan as independent non-executive Chairman of the Board effective from 30 April 2010 to fill the vacancy created by the resignation of Peter Crook. This appointment will be placed on the agenda for shareholder approval at the next Annual General Meeting.