Saarbrücken, March 31, 2009 - Effective May 1, 2009, Lutz Bungeroth, 48, is taking over the position as the company’s new CEO. Lutz Bungeroth will mainly be responsible for Sales and Finance. After the realignment of the management structure at the end of the last year Dr. Ralph Nonninger was the company’s sole Management Board member and is now to focus on R&D again.

ItN is gaining an experienced turnaround specialist in Lutz Bungeroth for the current restructuring
process. He is to support the development of the company in the coming years. Lutz Bungeroth holds a degree in plant engineering, has extensive management experience in mid-caps and has already successfully turned around a number of companies.

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