JAMES GILLIGAN APPOINTED AS INDEPENDENT NON-EXECUTIVE DIRECTOR
St Peter Port, Guernsey - 15 March 2010 - The Board of Volta Finance Limited (Euronext: VTA) today announces that at its meeting held on 10 March 2010, Volta Finance Limited's Board of Directors unanimously agreed to accepted Peter Crook's notice of resignation as independent non-executive Chairman of the Board effective from 30 April 2010 and to appoint James Gilligan as an independent non-executive director with immediate effect. This appointment will be placed on the agenda for shareholder approval at the next Annual General Meeting.

As detailed in the Company's Annual Report and Accounts 2009, Mr Crook indicated when standing for re-election at the Annual General Meeting on 20 November 2009 that due to his age he may not serve his term of re-election in its entirety and it is for this reason that Mr Crook tendered his resignation.

Mr Gilligan began his career with the Civil Service in his native Scotland then moved to Guernsey in 1970 joining the Guernsey Income tax office. In 1974 he joined the Private Bank Kleinwort Benson in Guernsey. He undertook various roles during his long career at the bank and he was Managing Director of the Guernsey Branch at the time of his retirement at the end of 2006. Mr Gilligan is a Fellow of the Chartered Institute of Bankers and an Ex-President of the Guernsey Centre of the Chartered Institute of Bankers. He was also an Ex-Chairman of the Guernsey Association of Banks. He is a member of The Society of Trust and Estate Practitioners (retired). Mr Gilligan is Chairman of Guernsey Finance LBG the entity charged with the promotion of Guernsey as an International Finance Centre and also in this capacity he sits on the Finance Sector Group dealing with the strategic development of the finance sector in Guernsey.
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