Volta Finance Limited announced that Jim Gilligan, Chairman of the company, has notified the Board of his intention to step down from the Board at the company`s forthcoming AGM. The Company, through its Nominations Committee, has previously engaged in succession planning and the other Board members have come to the view that Paul Meader, current Senior Independent Director of the Company, has the qualities, expertise and relevant experience required to take over as Chairman. Mr. Meader has agreed to succeed Mr. Gilligan as Chairman and, accordingly, the Board will be proposing at the AGM that Paul Meader takes over as Chairman of Volta from that date and Mr. Meader will be putting himself forward for re-election by shareholders.

The Board has agreed that Paul Varotsis will succeed Mr. Meader in the role of Senior Independent Director.