DECISIONS OF THE ANNUAL GENERAL MEETING OF TELESTE CORPORATION

TELESTE CORPORATION  STOCK EXCHANGE RELEASE  9 April 2010  AT 17:00             
                                                                                


DECISIONS OF THE ANNUAL GENERAL MEETING OF TELESTE CORPORATION                  

The Annual General Meeting of Teleste Corporation held on 9 April 2010 resolved 
in accordance with the proposal of the Board of Directors to distribute a       
dividend of EUR 0.08 per share for year 2009 for shares other than those held by
the Company. The record date for the dividend is 14 April 2010 and the dividend 
will be paid on 21 April 2010.                                                  
                                                                                

The Annual General Meeting adopted the financial statements. The members of the 
Board of Directors as well as the CEO were discharged from liability for the    
financial year 2009.                                                            

The Annual General Meeting decided the number of members of the Board of        
Directors to be six. Mrs. Marjo Miettinen was elected as the Chairman of the    
Board of Directors and Mr. Pertti Ervi, Mr. Tero Laaksonen, Mr. Pertti          
Raatikainen, Mr. Kai Telanne and Mr. Petteri Walldén were elected as members of 
the Board of Directors.                                                         

The annual remunerations to be paid to the members of the Board of Directors    
were decided to remain unchanged so that EUR 40,000 is paid to the Chairman of  
the Board of Directors and EUR 25,000 is paid to other members of the Board of  
Directors. In addition, a meeting fee of EUR 250 per meeting will be paid to    
each member of the Board of Directors. The annual remuneration will be paid so  
that 40 per cent of the annual remuneration will be used for purchasing         
Company's shares for the members of the Board of Directors and the rest will be 
paid in cash.                                                                   

The Annual General Meeting decided that the number of auditors of Teleste       
Corporation shall be one. KPMG Oy Ab was elected as the auditor of the Company  
and KPMG Oy Ab has appointed Mr. Esa Kailiala (APA) as the principally          
responsible auditor. It was decided to pay the auditor's remuneration against an
invoice approved by the Company.                                                

AMENDMENT OF ARTICLES 4, 9, 10 and 11 OF THE ARTICLES OF ASSOCIATION            

The Annual General Meeting decided to amend Articles 4 and 10 of the Articles of
Association so, that the Board of Directors shall, instead of the General       
Meeting, elect the Chairman of the Board of Directors.                          

The Annual General Meeting decided to amend the Article 9 of the Articles of    
Association so, that the notice to the General Meeting shall be announced on the
Company's website and the time and place of the General Meeting as well as the  
address of the Company's website shall be announced in at least one newspaper   
decided by the Board of Directors no later than three weeks before the General  
Meeting, however, at least nine days before the record date of the General      
Meeting.                                                                        

The Annual General Meeting decided to remove the Article 11 regarding the       
redemption obligation from the Articles of Association.                         

AUTHORIZATION OF THE BOARD OF DIRECTORS TO DECIDE ON THE REPURCHASE OF COMPANY'S
OWN SHARES                                                                      

The Annual General Meeting decided to authorize the Board of Directors to       
repurchase Company's own shares in accordance with the proposal of the Board of 
Directors. Based on the authorization, the Board of Directors may repurchase a  
maximum of 1,400,000 own shares of the Company otherwise than in proportion to  
the holdings of the shareholders by using the non-restricted equity at the      
market price prevailing at the time of the acquisition in NASDAQ OMX Helsinki   
Ltd.                                                                            

The authorization to repurchase own shares is valid until the Annual General    
Meeting for year 2011.                                                          

AUTHORIZATION OF THE BOARD OF DIRECTORS TO DECIDE ON THE ISSUANCE OF SHARES AND 
OF SPECIAL RIGHTS ENTITELING TO SHARES                                          

The Annual General Meeting accepted the proposal of the Board of Directors to   
authorize the Board of Directors to decide on issuing new shares and/or         
conveying Company's own shares held by the Company and/or granting special      
rights referred to in Chapter 10, Section 1 of the Finnish Companies Act.       
                                                                                

Based on the authorization, a maximum of 10,000,000 new shares may be issued and
a maximum of 1,779,985 of own shares held by the Company may be conveyed. The   
number of shares to be issued to the Company itself together with the shares    
repurchased to the Company on the basis of the authorization to repurchase own  
shares shall be at the maximum 1,400,000 shares. The maximum number of new      
shares that may be subscribed and own shares held by the Company that may be    
conveyed by virtue of the special rights granted by the Company is 5,000,000    
shares in total which number shall be included in the above maximum numbers of  
new shares and own shares held by the Company.                                  

The authorizations are valid until the Annual General Meeting for year 2011.    
                                                                                



Teleste Corporation                                                             

Jukka Rinnevaara                                                                
CEO                                                                             


ADDITIONAL INFORMATION:                                                         
CEO Jukka Rinnevaara, tel [+358 2 2605 866 or +358 400 747 488]                 
                                                                                

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NASDAQ OMX Helsinki                                                             
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