PAION AG hereby announces that the following financial reports shall be disclosed:

Report: Annual financial report 2008 (PAION AG and Group)

Date of disclosure: 17 March 2009

German: www.paion.com/berichte

English: www.paion.com/reports

Aachen, 9 March 2009

Issuer:

PAION AGMartinstr. 10-1252062 Aachen - Germany

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