Teleste - Corporate Action

TELESTE CORPORATION STOCK OPTIONS 2007A DISTRIBUTED

TELESTE CORPORATION STOCK EXCHANGE RELEASE 10.9.2007 16:15 


TELESTE CORPORATION STOCK OPTIONS 2007A DISTRIBUTED                             

The Board of Directors of Teleste Corporation decided on the distribution of    
stock options 2007A to the Group key personnel. The Annual General Meeting of   
Shareholders of Teleste Corporation decided on the issue of the stock options on
3 April 2007. A total of 260 000 stock options 2007A were distributed to the key
personnel.                                                                      

The total number of Teleste Corporation new shares, or existing shares held by  
the Company, that can be subscribed for with the stock options 2007, is 840,000.
The share subscription period for stock options 2007A will be 1 April 2010-30   
April 2012, for stock options 2007B 1 April 2011-30 April 2013 and for stock    
options 2007C 1 April 2012-30 April 2014.                                       

The share subscription price for stock options 2007A is EUR 12.69 that is the   
trade volume weighted average quotation of the Teleste Corporation share on the 
OMX Nordic Exchange Helsinki Stock Exchange Oy during 1 April-30 April 2007 with
an addition of 10 per cent. The share subscription price for stock options 2007B
is the trade volume weighted average quotation of the Teleste Corporation share 
on the OMX Nordic Exchange Helsinki Oy during 1 April-30 April 2008 with an     
addition of 10 per cent, and for stock options 2007C the trade volume weighted  
average quotation of the Teleste Corporation share on the OMX Nordic Exchange   
Helsinki Oy during 1 April-30 April 2009 with an addition of 10 per cent. From  
the share subscription price of stock options will be deducted the amount of the
dividend distributed annually.                                                  

A share ownership plan, in which the senior management included in the stock    
option plan is obliged to acquire the Company's shares with 20% of the gross    
income gained from the exercised stock options, is incorporated into the stock  
options 2007. The obligation to subscribe for shares expires when a person      
belonging to the senior management owns the Company's shares worth his/her gross
annual salary.                                                                  

They must own shares, acquired with the income gained from the stock options,   
worth their gross annual salary as long as their employment or service in the   
Group continues.                                                                

The terms and conditions of the stock options 2007 are available on the         
Company's internet pages: www.teleste.com.                                      


TELESTE CORPORATION                                                             

Jukka Rinnevaara                                                                
President and CEO                                                               



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

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