Guernsey, 19 September 2008 - Volta Finance Limited (the "Company" or
"Volta Finance" or "Volta") has published its August monthly report.
The full report is attached to this release and is available on Volta
Finance Limited's financial website (www.voltafinance.com).
Gross Asset Value

+---------------------------------------------------------+
| | At 29.08.08 | At 31.07.08 |
|-----------------------------+-------------+-------------|
| Gross Asset Value (GAV / €) | 159,160,332 | 166,184,738 |
|-----------------------------+-------------+-------------|
| GAV per share (€) | 5.30 | 5.53 |
+---------------------------------------------------------+

As of the end of August 2008, the Gross Asset Value (the "GAV") of
Volta Finance Limited (the "Company", "Volta Finance" or "Volta") was
€159.2m or €5.30 per share, a decrease of €0.23 from €5.53 per share
at the end of July 2008.

The August mark-to-market variations* of Volta Finance's asset
classes have been: +0.4% for ABS investments, -1.7% for CDO
investments and -9.7% for Corporate Credit investments.

On 15 September 2008, Lehman Brothers Holdings Inc (LBHI) announced
that it was filing a petition under Chapter 11 of the U.S. Bankruptcy
Code. This bankruptcy will have a significant direct impact on the
expected cash flows of some of the assets held by Volta Finance. As a
matter of fact, the Company's largest investments, ARIA II and ARIA
III, as well as Jazz III, have direct exposure to the Senior Debt of
LBHI and other financial companies.

MARKET ENVIRONMENT AND LATEST DEVELOPMENTS

The financial environment remained difficult in August. Markets still
suffer from the ongoing difficulties of banks and financial
institutions, as well as depressed economic growth.

>From the end of July to the end of August, the spread of the 5y
European iTraxx index (series 9) widened slightly from 92 bps to 100
bps, while its Crossover counterpart (5y iTraxx European Crossover
index series 8) continued to widen from 523 bps to 550 bps. According
to the iTraxx LevX Senior Index, the average price for European
liquid first lien loans declined from 98.77% to 98.08%.**

Mid-September, the financial crisis went through some significant and
exceptional events:
- LBHI entered into Chapter 11. Around the same time,
Bank of America announced its intention to purchase Merrill Lynch.
- On Monday 15 September and Tuesday 16 September, American Insurance
Group's (AIG) worsening situation turned into a full-blown liquidity
crisis, followed by the Fed's USD85bn lending announcement to the
world's largest insurer, hence effectively taking control of the
company.

These events have so far affected the market in various ways, among
them:
- A credit event on LBHI Credit Default Swap (CDS). The recovery rate
on the senior debt issued by LBHI is currently estimated at around
30%.
- A violent widening of AIG CDS, first trading with 30% upfront +
500bp running on Monday and then 60% upfront + 500bp running on
Tuesday.
- A general credit spread widening: the ITraxx Main widened by 30bp
on Monday September 15 from 100bp to 130bp and then by an additional
10bp on Tuesday September 16.
meer info op www.voltafinance.com