Teleste - Corporate Action

SHARES SUBSCRIBED WITH STOCK OPTIONS 2002B IN TELESTE CORPORATION

TELESTE CORPORATION      RELEASE  	21.12.2007	AT 10:00	                       


SHARES SUBSCRIBED WITH STOCK OPTIONS 2002B IN TELESTE CORPORATION               

A total of 6,275 shares in Teleste Corporation have been subscribed for with the
stock options 2002B after the increase of shares registered on 18 October 2007. 
In accordance with the Terms and Conditions, the share subscription price with  
the stock options 2002B is EUR 2.09/share.                        

The share subscription period with the stock options 2002B commenced in February
2006. The stock option program was approved by the Annual General Meeting on 8  
April 2002.                                                                     

These shares, 6,275 in total, have been entered into the Trade Register on 21   
December 2007. As a result of the share subscriptions, the number of shares was 
increased by a total of 6,275 new shares. The share subscription price will be  
recorded under the invested non-restricted equity fund.                         

After the increase of 6,275 shares registered on 21 December 2007, the number of
Teleste shares is 17,671,305. The shares have no nominal value.                 

The holders of the new shares are entitled to all shareholder rights from the   
registration date, i.e. 21 December 2007. Listing of the new shares will be     
applied for on the OMX Nordic Exchange Helsinki Oy together with the old shares 
beginning 27 December 2007.                                                     
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 2006 the group's net sales totalled EUR 101.8 million and the    
group employed 621 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 OMX Nordic Exchange Helsinki Oy. Visit    
www.teleste.com for more information.                                           


TELESTE CORPORATION                                                             

Jukka Rinnevaara                                                                
CEO                                                                             


ADDITIONAL INFORMATION:                                                         
CFO Erja Saarikoski tel. +358 2 2605 685 or +358 40 550 9677                    

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