Guernsey, 31 October 2011 - Volta Finance Limited has published its results for the financial year ended 31 July 2011. The Annual Report and Accounts 2011 is attached to this release and is available on Volta Finance Limited's financial website (www.voltafinance.com).

KEY POINTS 2011
Net Asset Value ("NAV") of €142.6 million (€4.63 per share) at 31 July 2011, an increase of 44.62% from €98.6 million at 31 July 2010 (€3.25 per share)

A proposed dividend of €0.22 per share for the second half year period from 1 February 2011 to 31 July 2011 in addition to a €0.22 dividend paid for the first half of the year

Net profit of the Company for the year was €31.0 million, or €1.01 profit per share, taking into account the recognition of net reversal of previously recognised impairments on 10 CLOs and impairment recognition on one asset (Promise Mobility), the mark-to-market gains of assets held at fair value through profit or loss and the mark-to-market losses of derivative financial instruments

The investments held by the Company generated €23.2 million of interest or coupons during the financial year

Over the financial year, the investment strategy has mainly been to invest cash in CDOs following the stabilisation of market conditions. The cash holdings were €8.9 million at the year end against €3.3 million at the beginning of the year

During the financial year, the Company purchased assets for €34.3 million, sold assets for €18.8 million and redeemed assets for €9.3 million, which continued to increase its asset base

As of 31 July 2011, the Company held investments in three underlying asset classes (CDOs, Corporate Credits and ABS)

The Company intends to continue pursuing investment opportunities that are consistent with its objective of paying a dividend in line with the annual 10% objective described in the Chairman's Statement whilst at the same time increasing its asset base

Operating expenses as a percentage of average NAV for the financial year ended 31 July 2011 were 2.89% compared to 2.17% at 31 July 2010, primarily as a result of higher fees payable to the Investment Manager as a result of improved performance