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10 September 2015 Volta Finance Limited ("Volta" or "the Company") today announces that Jim Gilligan, Chairman of the Company, has notified the Board of his intention to step down from the Board at the Company's forthcoming AGM.

The Company, through its Nominations Committee, has previously engaged in succession planning and the other Board members have come to the view that Paul Meader, current Senior Independent Director of the Company, has the qualities, expertise and relevant experience required to take over as Chairman. Mr Meader has agreed to succeed Mr Gilligan as Chairman and, accordingly, the Board will be proposing at the AGM that Paul Meader takes over as Chairman of Volta from that date and Mr Meader will be putting himself forward for re-election by shareholders.

Mr Gilligan comments as follows "I have greatly enjoyed my 5 years as Volta Chairman. However, as I am in my 65th year with a daughter and new granddaughter in Australia, I have decided to cut back on my Non-Executive roles. I am pleased to note that my Board colleagues have recognised the strong contribution and expertise demonstrated by Paul Meader since he joined the Board in May last year and would fully endorse their decision to nominate Paul Meader as the new Chairman."

The Board has agreed that Paul Varotsis will succeed Mr Meader in the role of Senior Independent Director.

The Company, through its Nominations Committee, has commenced a selection and interview process to appoint a new independent non-executive director to maintain the board composition at five independent directors once Mr Gilligan has resigned. On successful completion of this process the Company will make the appropriate announcement of the new appointee.