Teleste - Major shareholder announcements

ANNOUNCEMENT IN ACCORDANCE WITH SECTION 10 OF CHAPTER 2 OF THE FINNISH SECURITIES MARKET ACT

TELESTE CORPORATION  STOCK EXCHANGE RELEASE  5.8.2008  KLO 13:30               


ANNOUNCEMENT IN ACCORDANCE WITH SECTION 10 OF CHAPTER 2 OF THE FINNISH          
SECURITIES MARKET ACT                                                           

In accordance with the Securities Market Act Section 9 Chapter 2, Schroder      
Investment Management Limited has notified Teleste Corporation on August 4th    
2008 as follows:                                                                

As a result of share transactions concluded on 22 July 2008, the holdings of    
Schroder Investment Management Limited on behalf of its clients has decreased   
below 5%, now representing 4.96% of the share capital and 4.42% of the voting   
rights of Teleste Corporation.                                                  

Holdings by Schroder Investment Management Limited on behalf of its clients are 
now as follows:                                                                 

--------------------------------------------------------------------------------
|   Number of shares/votes |     Proportion of share |    Proportion of voting |
|                          |                 capital |                  rights |
--------------------------------------------------------------------------------
|                  875,518 |                   4.96% |                   4.96% |
--------------------------------------------------------------------------------
|                  780,374 |                   4.42% |                   4.42% |
--------------------------------------------------------------------------------

Differences in share capital and voting right figures are due to fact that some 
clients retain their right to vote.                                             


The breakdown of holdings by client name is given below:                        

--------------------------------------------------------------------------------
| Client                        |   No.of ord. | Proportion of | Proportion of |
|                               |  shares held | share capital | voting rights |
--------------------------------------------------------------------------------
| ING                           |        15765 |          .09% |         0.09% |
--------------------------------------------------------------------------------
| Schroder European Smaller     |       136421 |          .77% |         0.77% |
| Companies Fund                |              |               |               |
--------------------------------------------------------------------------------
| Schroder Inst.Euro Smaller    |         6948 |          .04% |         0.04% |
| Cos Fd                        |              |               |               |
--------------------------------------------------------------------------------
| S.I.S.F.European Smaller      |       611524 |         3.46% |         3.46% |
| Companies                     |              |               |               |
--------------------------------------------------------------------------------
| S.I.S.F.Global Smaller        |         8054 |          .05% |         0.05% |
| Companies                     |              |               |               |
--------------------------------------------------------------------------------
| State of Connecticut          |         1662 |          .01% |         0.01% |
--------------------------------------------------------------------------------
| Vanguard International        |        95144 |          .54% |         0.00% |
| Explorer International        |              |               |               |
| Equities                      |              |               |               |
--------------------------------------------------------------------------------
| TOTAL                         |       875518 |         4.96% |         4.42% |
--------------------------------------------------------------------------------





TELESTE CORPORATION                                                             


Jukka Rinnevaara                                                                
CEO                                                                             


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OMX Nordic Exchange Helsinki                                                    
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