PA8 Paion AG

Regulatory News: PAION AG hereby announces that the following financial reports shall be disclosed: Report: Financial report of the group for the third quarter and the first nine months 2008 Date of disclosure: 5 November 2008 Available at: http://www.paion.de/reports (German and English) Aachen, 22 October 2008 Issuer: PAION AG Martinstrasse 10-12 52062 Aachen � Germany Contact: Dr. Peer Nils Schr�der, Director Corporate Communications & Investor Relations Tel.: +49 241 4453-152 E-mail: pn.schroeder@paion.de www.paion.de Teathers Limited Nomad and broker (AIM) Shaun Dobson/Claes Sp�ng Phone +44 20 7426 9000