Differential cross sections of neutral pions emitted in 181Ta + 197Au collisions at a beam energy of 39.5A MeV have been measured with the photon spectrometer TAPS. The kinetic energy and transverse momentum spectra of neutral pions cannot be properl
y described in the framework of the thermal model, nor when the reabsorption of pions is accounted for in a phenomenological model. However, high energy and high momentum tails of the pion spectra can be well fitted through thermal distributions with unexpectedly soft temperature parameters below 10 MeV.
