TELESTE SIGNS A TWO-YEAR CONTRACT ON DELIVERIES OF CABLE TV EQUIPMENT AND SEVICES FOR THE FINNISH TELCO OPERATOR DNA

TELESTE CORPORATION STOCK EXCHANGE RELEASE 11.6.2008 AT 10:00

TELESTE SIGNS A TWO-YEAR CONTRACT ON DELIVERIES OF CABLE TV EQUIPMENT AND
SERVICES FOR THE FINNISH TELCO OPERATOR DNA

The signed contract includes deliveries of equipment and services related to
cable TV network upgrading, maintenance and network planning as well as
deliveries of headend equipment for the implementation of new cable TV and
broadband services for DNA.

DNA has 250 000 cable television subscribers in Finland. The contract value
stands at approximately EUR 2.6 million.

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 91% of Teleste's net sales are generated outside
Finland. The company is listed on the OMX Nordic Exchange Helsinki.
Visit www.teleste.com for more information.

TELESTE CORPORATION

Jukka Rinnevaara
CEO

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

DISTRIBUTION:
OMX Nordic Exchange Helsinki
Media
www.teleste.com