ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.

Company Information

30.10.2009

Cyrill Osterwalder, as Senior Vice President Web Application Security
part of the phion management team, will leave the company on amicable
terms within the next months.

Osterwalder will, however, remain closely connected to the company as
an advisor. Within the phion management team, he was responsible for 
the strategic development and positioning of the airlock product 
line.

Further inquiry note:

Constanze Liebenau
phion AG
Eduard-Bodem-Gasse 1
6020 Innsbruck
Tel.: +43 508 100
Email: c.liebenau@phion.com

Branche: Computing & Information Technology
ISIN: AT0000PHION3
WKN:
Index: mid market
Börsen: Wien / Regulated free trade