NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
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Guernsey, 2 December 2014 - Volta Finance Limited (the "Company" or "Volta Finance" or "Volta") has published its Interim Management Statement. The full report is attached to this release and is available on Volta Finance Limited's financial website (www.voltafinance.com).
Dear Shareholders and Investors,
During the quarter, from the end of July 2014 to the end of October 2014, the Gross Asset Value (the "GAV") of Volta Finance Limited (the "Company" or "Volta Finance" or "Volta") went from €274,0m or €7.51 per share, to €285,4m or €7.82 per share.

It reflects a positive 4,1% quarterly performance in the per share value.

Year to date 2014 performance is +10,3% as at the end of October.

During the quarterly period, the Company purchased 1 USD CLO 2.0 debt tranche for a total of €4,1m and settled previous commitments for €14,6m. The USD CLO debt tranche was purchased at an expected rate of return close to 9% (under reasonable historical hypothesis).

During the quarter, cash flows generated by the Company's assets, excluding asset sales and principal payments from assets, amounted to €7,8m (non-euro amounts being translated in euro using the end of month currency rate).

The cash position in the Company's accounts went from €19,9m at the end of July 2014 to €14,7m at the end of October 2014.

The GAV increase during the quarter is reflecting the high level of cash flows generated by Volta's assets as well as the impact of the USD appreciation against euro.

VOLTA FINANCE PORTFOLIO
Synthetic Corporate Credit
During the quarter, no material event affected the Synthetic Corporate Credit holdings except the early call of Alpine Taurus bank balance sheet transaction.

CLO Equity and Debt tranches
During the quarter, no material event affected the CLO holdings of the Company.

Allegro II Warehouse has been fully drawn during the summer. As of end of October, the pricing of the Allegro II CLO has been delayed. It still can occur in December of by the very first months of 2015. If it does not occur, Volta will have several months to sell the underlying loan portfolio.

Cash Corporate Credit
During the quarter, no material event affected the Cash Corporate Credit holdings.

ABS
During the quarter, no material event affected the ABS holdings. No material event affected the other positions in this bucket during the quarter.

The Company considers that opportunities could arise in several structured credit sectors in the current market environment. Amongst others, mezzanine or Equity tranches of CLOs, European or US ABS 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 compression on discount margins to sell some assets in order to reinvest the sale proceeds on assets that the Investment Manager consider being, at the time of purchase, better opportunities.

The Investment Manager continues working on a solution to leverage part of the Company CLO debt positions.

Unless stated otherwise, the figures in this Interim Management Statement are as at the end of October 2014 as valuations are available only on a monthly basis with some delays. Between the end of October 2014 and 1st December 2014, the date of publication of this Interim Management Statement, the Company is not aware of any significant event, materially affecting the Company's financial position or the Company's controlled undertaking.

(Full Interim Management Statement attachment on www.voltafinance.com)