Guernsey, 20 February 2013 - Volta Finance Limited (the "Company" or "Volta Finance" or "Volta") has published its 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 31.01.13 At 31.12.12
Gross Asset Value (GAV / € million) 212.4 205.1
GAV per share (€) 6.60 6.37

At the end of January 2013, the Gross Asset Value (the "GAV") of Volta Finance Limited (the "Company", "Volta Finance" or "Volta") was €212.4 m or €6.60 per share, an increase of €0.23 (+3.5%) since the end of December 2012 GAV.

The January mark-to-market variations* of Volta Finance's asset classes have been: +3.3% for Synthetic Corporate Credit deals, +5.6% for CLO Equity tranches; +6.5% for CLO Debt tranches, +3.5% for Cash Corporate Credit deals and +2.9% for ABS. The increase in the value of the portfolio in January is in line with a positive credit market in Europe and in the US over the month.

Volta's assets generated the equivalent of €2.0m cash flows in January 2013 (non-Euro amounts converted to Euro using end-of-month cross currency rates and excluding principal payments from debt assets) bringing the total cash generated during the last six months to €16.0m. It can be compared with €15.7m for the previous six-month period which ended in July 2012.

In January, the company did not make any purchase or sale.

At the end of January, Volta held €5.3m in cash, including €0.3m received in respect to the currency hedge transactions as well as €0.3m in relation with the Liquidity Enhancement Contract. Considering the pace at which cash flows are generated, Volta could be considered as being able to invest €3 to 4m presently.

MARKET ENVIRONMENT
In January 2013, credit continued to tighten in Europe and in the US. The 5 year iTraxx European Main index and 5 year iTraxx European Crossover Index (series 18) spreads went respectively, from 117 and 482 bps at the end of December 2012 to 112 and 442 bps at the end of January 2013. During the same period, credit spreads in the US, as illustrated by the 5y CDX main index (series 19), also tightened from 95 to 89 bps. According to the CSFB Leverage Loan Index, the average price for USA liquid first lien loans significantly increased from 96.6% at the end of December 2012 to 97.5% at the end of January 2013. It was almost similar in Europe: the price of the S&P European Leveraged Loan Index went from 90.0% to 91.4% at the end of January 2013.**

VOLTA FINANCE PORTFOLIO
In January 2013, no particular event materially affected the situation of the Synthetic Corporate Credit deals. However, the first loss positions in this bucket (ARIA III and the residual positions in JAZZ III) remain highly sensitive to any new credit event.

Regarding the Cash Corporate Credit Deals, no particular event materially affected the situation of the 3 positions in this bucket during the month.

Regarding the Company's investments in Equity or Debt tranches of CLOs, at the end of January 2013, except for one Euro CLO equity position affected by a default in November, all 57 positions are currently paying their coupons.

Regarding the Company's ABS investments, no particular event materially affected the situation of the positions in this bucket during the month.

The Company considers that opportunities could arise in several structured credit sectors in the current market environment. Amongst others, mezzanine tranches of CLOs as well as tranches of Cash or Synthetic Corporate Credit portfolios could be considered for investment. Potential investments could be done depending on the pace at which market opportunities could be seized and cash is available. Depending on market opportunities, the Company may aim to take advantage of the current volatility in prices to sell some assets in order to reinvest the sale proceeds on assets representing, at the time of purchase, those which the Company considers a better opportunity.

* "Mark-to-market variation" is calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at month-end, payments received from the assets over the period, and ignoring changes in cross currency rates Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.

** Index data source: Markit, Bloomberg.

(Full monthly report in attachment or on www.voltafinance.com)