VOLTA FINANCE LIMITED - SEPTEMBER MONTHLY REPORT

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

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Guernsey, 22 October 2014 - 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 30.09.14	At 29.08.14
Gross Asset Value (GAV / € million)	284.4	277.8
GAV per share (€)	7.79	7.61

At the end of September 2014, the Gross Asset Value* (the "GAV") of Volta Finance Limited (the "Company", "Volta Finance" or "Volta") was €284.4 m or €7.79 per share, an increase of €0.18 per share from the end of August 2014.

This brings the performance for the first 9 months of 2014 to +9.9% including the April dividend payment.

The September mark-to-market variations* of Volta's asset classes have been: -0.1% for Synthetic Corporate Credit deals, +0.1% for CLO Equity tranches; +1.1% for CLO Debt tranches, -2.7% for Cash Corporate Credit deals and +3.0% for ABS. The positive performance of Volta in September is in line with a modest widening of credit  market spreads in September  and  to the depreciation of the Euro against USD and GBP.

Volta's assets generated the equivalent of €2.6m cash flows in September 2014 (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 €14.7m.

In September, Volta made no new investment but the equivalent of €7.6m principal amount was received from one asset sale and two maturing assets (all of them being Synthetic Corporate Credit deals).

At the end of September, Volta held €13.7m in cash excluding payments to be settled in the coming weeks. Taking into account the unsettled commitment (€4m committed in the CESL Fund) and the dividend payment to be made in December, Volta can be considered as having up to €5m available for investment.

MARKET ENVIRONMENT

In September 2014, credit market spreads modestly widened  both in Europe and in the US :  the 5 year iTraxx European Main index and 5 year iTraxx European Crossover Index (series 21) spreads went respectively from 60 and 242 bps at the end of August 2014 to 63 and 257 bps at the end of September 2014. In the US, in the same vein, the 5y CDX main index (series 22) modestly widened from 57 to 64 bps.  According to the CSFB Leverage Loan Index, the average price for US liquid first lien loans declined  from 98.59% at the end of August 2014 to 97.67% at the end of September 2014. In Europe, the price of the S&P European Leveraged Loan Index increased modestly from 95.28% to   95.36%. **