SHARE REPURCHASE 15.12.2008

Teleste Corporation          ANNOUNCEMENT          15.12.2008                   



SHARE REPURCHASE 15.12.2008                                                     

Helsinki Stock Exchange                                                         

Trade date                                         15.12.2008                   
Bourse trade                                       PURCHASE                     
Share                                              TLT1V                        
Amount                                             4 000        shares          
Total cost                                         8 137.52     EUR             
Average price / share                              2.0344       EUR             
Highest price / share                              2.04         EUR             
Lowest price / share                               2.00         EUR             


Teleste Corporation now holds 724 131 shares                                    
including the shares repurchased on 15.12.2008.                                 



On behalf of Teleste Corporation                                                

HANDELSBANKEN CAPITAL MARKETS                                                   

Juha Kolehmainen                   Antti Kässi