NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN
OR INTO THE UNITED STATES
**
Guernsey, 19 June 2007 - Volta Finance Limited has published its May
monthly report. The full report is attached to this release and is
available on Volta Finance Limited's financial website
(www.voltafinance.com). As of 31 May 2007, Volta Finance Limited's
Gross Asset Value stood at ¤9.91, up ¤0.03 from 30 April 2007.
Gross Asset Value
+---------------------------------------------------------+
| | At 31.05.07 | At 30.04.07 |
|-----------------------------+-------------+-------------|
| Gross Asset Value (GAV - ¤) | 297,387,237 | 296,433,896 |
|-----------------------------+-------------+-------------|
| GAV per Share (¤) | 9.91 | 9.88 |
+---------------------------------------------------------+
Asset Breakdown by Primary Target Asset Class
+---------------------------------------+
| Asset class | At 31.05.07 |
|-------------------------+-------------|
| Corporate Credits | 26.6% |
|-------------------------+-------------|
| CDOs | 16.0% |
|-------------------------+-------------|
| Asset Backed Securities | 18.5% |
|-------------------------+-------------|
| Leveraged Loans (TRS) | 24.9% |
|-------------------------+-------------|
| Cash | 14.0% |
+---------------------------------------+
(Full monthly report in attachment or on www.voltafinance.com)
**
ABOUT VOLTA FINANCE LIMITED
Volta Finance Limited is incorporated in Guernsey under the Companies
(Guernsey) Laws, 1994 to 1996 (as amended) and listed on Euronext
Amsterdam. Its investment objectives are to preserve capital and to
provide a stable stream of income to its shareholders through
dividends. For this purpose, it pursues a multi-asset investment
strategy targeting various underlying assets. Volta Finance's basic
approach to its underlying assets is through vehicles and
arrangements that provide leveraged exposure. The exposure to those
underlying assets is gained through direct and indirect investment in
five principal asset classes: corporate credits, CDOs, ABS, leveraged
loans, and infrastructure assets.
Volta Finance has appointed AXA Investment Managers Paris, an
investment management company with a division specialised in
structured credit, for the investment management of all its assets.
ABOUT AXA INVESTMENT MANAGERS
AXA Investment Managers (AXA IM) is a multi-expert asset management
company within the AXA Group, a global leader in financial protection
and wealth management. AXA IM is one of the largest European-based
asset managers with ¤550 billion in assets under management as of the
end of March 2007. AXA IM employs approximately 2,800 people around
the world and operates out of 19 countries.
CONTACTS
Company Secretary
Mourant Guernsey Limited
volta.finance@mourant.com
+44 (0) 1481 715601
Porfolio Administrator
Deutsche Bank
voltaadmin@list.db.com
For the Investment Manager
AXA Investment Managers Paris
Julien Laplante
julien.laplante@axa-im.com
+33 (0) 1 44 45 94 92
**
This press release is for information only and does not constitute an
invitation or inducement to acquire shares in Volta Finance. Its
circulation may be prohibited in certain jurisdictions and no
recipient may circulate copies of this document in breach of such
limitations or restrictions.
This press release is not an offer of securities for sale in the
United States. Securities may not be offered or sold in the United
States absent registration with the United States Securities and
Exchange Commission or an exemption from registration under the U.S.
Securities Act of 1933, as amended (the "Securities Act"). Volta
Finance has not registered, and does not intend to register, any
portion of any offering of its securities in the United States or to
conduct a public offering of any securities in the United States.
**
This document is being distributed by Volta Finance Limited in the
United Kingdom only to investment professionals falling within
article 19(5) of the Financial Services and Market Act 2000
(Financial Promotion) Order 2005 (the "Order") or high net worth
companies and other persons to whom it may lawfully be communicated,
falling within article 49(2)(A) to (E) of the Order ("Relevant
persons"). The shares are only available to, and any invitation,
offer or agreement to subscribe, purchase or otherwise acquire the
shares will be engaged only with, relevant persons. Any person who is
not a relevant person should not act or rely on this document or any
of its contents. Past performance cannot be relied on as a guide to
future performance.
**
