Teleste Oyj has today filed its listing application with the Helsinki Stock Exchange.

TELESTE CORPORATION STOCK EXCHANGE RELEASE 16.03.1999 17.30

Teleste Oyj has today filed its listing application with the Helsinki
Stock Exchange.

Attached to the listing application is the Board of Directors review
of the development in the current and next financial year. The Board
of Directors considers that, subsequent to the financial year ended 31
December 1998, no significant changes have occurred in Teleste's
business environment as compared to the financial year ended
31.12.1998.

The Board of Directors also considers that the positive development of
Teleste's business is expected to continue in the near future.

ADDITIONAL INFORMATION
Further information:
Teleste Corporation, CEO Timo Toivila, tel. 02 2605 866 or 0400
630 484
CFO Antti Salminen, tel. 02 2605 725 or 040 535 1216

Enskilda Securities AB, Director Antti Mäkinen, tel. 09 616 28120 or
050 5611 501

TELESTE CORPORATION
Timo Toivila
CEO

Distribution: Helsinki Exchanges
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