LIQUIDITY PROVIDING FOR TELESTE CORPORATION'S SHARE ENDS

TELESTE CORPORATION STOCK EXCHANGE RELEASE 22.10.2008 AT 17:30

LIQUIDITY PROVIDING FOR TELESTE CORPORATION'S SHARE ENDS

Liquidity providing for Teleste Corporation's share has ended. Teleste has
terminated the Liquidity Providing agreement between Teleste Corporation and
Kaupthing Bank on 22 October 2008. The liquidity providing was interrupted on 9
October 2008, when Kaupthing Bank informed that they have stopped their market
making services.

Teleste is an international technology group founded in 1954, which is
specialized in broadband data communication systems and solutions. The group is
divided into two Strategic Business Units: Broadband Cable Networks and Video
Networks. Broadband Cable Networks serves cable operators and a major part of
its business activities are handled through direct customer contact. Video
Networks supplies solutions for optical signal transmission and video network
management software solutions for video surveillance and a major part of its
business is handled through system integrators. Both Business Units are among
the leading providers in their market areas and are globally recognized for
their know-how and ability to produce technically cutting edge solutions year
after year. In 2007 the group's net sales totalled EUR 125.1 million and the
group employed 672 persons at the year-end. The company has approximately 30
offices world-wide and over 90% of Teleste's net sales are generated outside
Finland. The company is listed on the NASDAQ OMX Helsinki Ltd.
Visit www.teleste.com for more information.

TELESTE CORPORATION

Jukka Rinnevaara
CEO

ADDITIONAL INFORMATION:
CEO Jukka Rinnevaara, tel +358 2 2605 866 or +358 400 747 488

DISTRIBUTION:
NASDAQ OMX Helsinki
Media
www.teleste.com