SHARE REPURCHASE 05.12.2008

Teleste Corporation          ANNOUNCEMENT          05.12.2008                   



SHARE REPURCHASE 05.12.2008                                                     

Helsinki Stock Exchange                                                         

Trade date                                         05.12.2008                   
Bourse trade                                       PURCHASE                     
Share                                              TLT1V                        
Amount                                             3 000        shares          
Total cost                                         6 700.00     EUR             
Average price / share                              2.2333       EUR             
Highest price / share                              2.30         EUR             
Lowest price / share                               2.22         EUR             


Teleste Corporation now holds 697 671 shares                                    
including the shares repurchased on 05.12.2008.                                 



On behalf of Teleste Corporation                                                

HANDELSBANKEN CAPITAL MARKETS                                                   

Juha Kolehmainen                   Antti Kässi