Teleste's annual general meeting 2007

Decisions

The Annual General Meeting (AGM) of Teleste Corporation held on April 3, 2007 resolved to distribute a dividend of EUR 0.20 per share for 2006 for shares other than those held by the Company in accordance with the proposal of the Board of Directors. The record date for the dividend is April 10, 2007 and the dividend will be paid as of April 17, 2007.

The AGM approved the accounts and the Board of Directors and the CEO were discharged from liability for the financial period.

The AGM decided that the Board of Directors shall consist of five members. Mr. Tapio Hintikka was re-elected as the Chairman of the Board of Directors and Mr. Tero Laaksonen, Mr. Pertti Raatikainen, Mr. Timo Toivila and Mr. Pekka Vennamo were re-elected as members of the Board of Directors.

KPMG Oy Ab was elected as the auditor of Teleste Corporation.

The AGM approved the proposal of the Board of Directors for partial amendment of the Articles of Association

The AGM approved the proposal of the Board of Directors to grant share repurchase authorization to the Board of Directors

The AGM approved the proposal of the Board of Directors to grant an authorization to the Board of Directors to issue shares, to convey own shares and to grant special rights entitling to shares

The AGM approved the proposal of the Board of Directors on amending the terms and conditions of the stock option plans for years 2002 and 2004

The AGM approved the proposal of the Board of Directors concerning the issue of stock options