TELESTE CORPORATION'S ANNUAL REPORT 2008 PUBLISHED

TELESTE CORPORATION STOCK EXCHANGE ANNOUNCEMENT 13.3.2009 AT 11:30

TELESTE CORPORATION'S ANNUAL REPORT 2008 PUBLISHED

Teleste Corporation has today published its printed Annual Report for the year
2008. Annual Report is available both in English and Finnish, and it
can also be read in pdf-form on the company's website at
www.teleste.com.

The Annual Report will be mailed to the shareholders to the addresses in the
Shareholder Register kept by Euroclear Finland Ltd. The reports can be ordered
by e-mail at investor.relations@teleste.com.

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 2008 the group's net sales totalled EUR 109 million and the group
employed 677 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

DISTRIBUTION:
NASDAQ OMX Helsinki
Media
www.teleste.com