Guernsey, 4 April 2008 - Volta Finance Limited (the "Company" or
"Volta Finance") has published its semi-annual report and accounts 2008. 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:

- Net Asset Value ("NAV") of €217 million (€7.22 per share) at 31
January 2008.

- Net loss of the Company of €28.2m (€0.94 per share) following the
recognition of an impairment under IFRS accounting for five UK
non-conforming ABS and unrealised mark-to-market losses of assets
held for trading and derivative financial instruments such as the
TRS.

- Distribution Income of the Company negative at -€33m (-€1.10 per
share), reflecting the recognition of a reduction in expected cash
flows both from the TRS and on five UK non-conforming ABS assets.

- Considering the negative Distribution Income and the interests of
its shareholders, the Company has decided not to pay an interim
dividend for this semi-annual period. The cash generated by the
Company will be maintained within the Company in order to take
advantage of reinvestment opportunities which we hope will increase
our ability to pay dividends in the future.

- Considering current market conditions and the present level of
uncertainty, the Company does not believe that it can issue
meaningful dividend guidance for the next semi-annual period.

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

*****

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. Volta Finance's basic
approach to its underlying assets is through vehicles and
arrangements that provide leveraged exposure. The exposure to those
underlying assets is gained through direct and indirect investment in
five principal asset classes: corporate credits, CDOs, ABS, leveraged
loans, and infrastructure assets.

Volta Finance 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 €550 billion in assets under management as of the
end of March 2007. AXA IM employs approximately 2,800 people around
the world and operates out of 19 countries.