Ad-hoc: PAION: Notice of Cancellation of AIM Listing

PAION AG (ISIN DE000A0B65S3; Frankfurt Stock Exchange, Prime Standard: PA8; London AIM: PAI) (“PAION” or the “Company”) today announced that, following a review of the Company’s AIM listing, the Company has decided to cancel the admission of its shares to trading on the Alternative Investment Market of the London Stock Exchange (“AIM”) with effect from 7.00 a.m. (GMT) on Thursday 19 March 2009 (the “Cancellation Date”). The last trading day on AIM will be Wednesday 18 March 2009.
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