euro adhoc: ItN Nanovation AG / other / ItN Nanovation AG Restructures Board of Directors and Strengthens Liquidity

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

Company Information

19.12.2008

Saarbrücken, December 19, 2008 - ItN Nanovation AG´s (ISIN
DE000A0JL461) supervisory board has asked chairman of the board Dr.
Tillmann C. Lauk to step down and resign from his duties as chairman
effective today. Directorial board member Dr. Roland Schlager also
resigned from his position. Until further notice, Dr. Ralph Nonninger
will be in charge of the company´s operations as sole director.

ItN Nanovation AG had experienced a liquidity shortage during a
diversification phase in which the company developed new business
segments. The strained liquidity situation could now be alleviated by
an influx of funds. A consortium of existing shareholders and new
investors secured the necessary funding, which consists of several
tranches. In addition to a loan, further corporate actions to
increase the capital will be taken, provided that they are in
accordance with stock-corporation and capital market laws. In the
context of these corporate actions, creditors will have the option to
provide their loan financing as investment in kind with a partial
utilization of the approved capital and exempting shareholder
purchase options. In consequence, parts of these corporate actions
may have a diluting effect on shares held by existing shareholders.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: ItN Nanovation AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Please address questions to:

ItN Nanovation AG

Untertürkheimer Straße 25

66117 Saarbrücken

Tel.: +49 (0) 681/50 01-460

Fax: +49 (0) 681/50 01-499

E-Mail: info@itn-nanovation.com

www.itn-nanovation.com

IR contact:

edicto GmbH

Herr Axel Mühlhaus

Zeißelstr. 19

60318 Frankfurt am Main

Tel.: 069-90 55 05-52

Fax.: 069-90 55 05-77

Email: amuehlhaus@edicto.de

Branche: Technology
ISIN: DE000A0JL461
WKN: A0JL46
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade