Saarbrücken / Frankfurt – July 4, 2008 – Nanostart-Holding ItN Nanovation AG has signed a major contract covering the delivery of 20 mobile wastewater treatment plants with 12 filtration units each to the Dubai region.

The contract volume amounts to approximately EUR 5 million. The entire delivery of the plants is expected to be completed by July 2009. This order is a significant milestone in the history of ItN Nanovation.

It represents the first step towards a sustained market success of the highly innovative CFM Systems filter technology for water treatment.

The treatment plants are designed to filtrate wastewater in construction worker camps located in the dry, fast-growing region of Dubai. The plants will convert wastewater to recyclable water for industrial/domestic use - free of suspended substances, germs and bacteria - and thus alleviate the water shortage there.

About ItN Nanovation:

ItN Nanovation AG is one of the leading nanotechnology companies in the world, developing innovative ceramic products, such as filtration systems and coatings, for large industrial customers. The nanoscale powder needed for those products is manufactured by the company itself. ItN Nanovation was formed in 2000 and currently has over 100 employees. The company's success is founded on an extensive patent portfolio, combined with comprehensive development and application know-how. For further information about the company, please visit www.itn-nanovation.com.

About Nanostart:

Nanostart AG is the world’s leading nanotechnology investment company. The Frankfurt-based company provides venture capital financing for nanotechnology companies in various growth phases. It also provides the benefits of its experience and expertise to developers of financial instruments and to investors in the nanotechnology sector. For further information about the company, please visit www.nanostart.de.

Disclaimer:

This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the “Entry Standard” segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within the United States of America, Canada, Australia or Japan.

Media contact:

Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
D-60313 Frankfurt
Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
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