SHARE REPURCHASE 01.12.2008

Teleste Corporation          ANNOUNCEMENT          01.12.2008                   



SHARE REPURCHASE 01.12.2008                                                     

Helsinki Stock Exchange                                                         

Trade date                                         01.12.2008                   
Bourse trade                                       PURCHASE                     
Share                                              TLT1V                        
Amount                                             1 500        shares          
Total cost                                         3 444.80     EUR             
Average price / share                              2.2965       EUR             
Highest price / share                              2.32         EUR             
Lowest price / share                               2.26         EUR             


Teleste Corporation now holds 681 671 shares                                    
including the shares repurchased on 01.12.2008.                                 



On behalf of Teleste Corporation                                                

HANDELSBANKEN CAPITAL MARKETS                                                   

Juha Kolehmainen                   Antti Kässi