During a study on the occurrence and pathogenicity of oomycetes in the reed-belt (Phragmites australis) of Lake Constance (Germany), a new Pythium resembling the important cereal pathogen species complex P. arrhenomanes/P. graminicola was consistently isolated from necrotic mature reed leaves and reed rhizosphere samples. The new species proved to be significantly more aggressive towards reed leaves and seedlings in vitro than related species. It is characterised by filamentous, inflated sporangia and plerotic oospores with usually more than one antheridium. ITS and cox II sequence data indicate this new species shares a common ancestor with P. arrhenomanes, but the sequence differences are clearly consistent with a divergence of the two taxa and with P. phragmitis being a distinct species. ITS 1 and 2 of 15 isolates of the taxon consistently differed from P. arrhenomanes by 13 positions. Sequence analyses of the cox II gene confirmed the new species' phylogenetic position. This paper gives a formal description of the taxon as P. phragmitis sp. nov., providing information on morphology, ecology and pathogenicity in comparison to related species. As indicated by the close association to Phragmites australis, the high aggressiveness towards reed leaves and seedlings, and the abundance in the investigated stands, Pythium phragmitis might act as a reed pathogen of considerable importance, in particular under flooding situations.