PAI Paion

        
     PAION AG 
     Change of NOMAD 
     Aachen (Germany), 12 November 2008 - The biopharmaceutical company PAION AG (ISIN DE000A0B65S3; Frankfurt Stock
Exchange, Prime Standard: PA8, London AIM: PAI) today announces  that in accordance with AIM Rule 17, the Company's
nominated adviser and broker is Teathers, a division of Straumur-Burdaras Investment Bank hf., of:
    Berkeley Square House,
Third Floor,
Berkeley Square,
London
W1J 6BH
 Enquiries:                    
  
 PAION AG
 Dr. Peer Nils Schr�der          +49 (0)241 4453-152
  
 Teathers Limited
 Shaun Dobson/Claes Sp�ng        +44 (0)20 7426 9000
    

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