SHARE REPURCHASE 17.12.2008

Teleste Corporation          ANNOUNCEMENT          17.12.2008                   



SHARE REPURCHASE 17.12.2008                                                     

Helsinki Stock Exchange                                                         

Trade date                                         17.12.2008                   
Bourse trade                                       PURCHASE                     
Share                                              TLT1V                        
Amount                                             4 500        shares          
Total cost                                         9 895.00     EUR             
Average price / share                              2.1989       EUR             
Highest price / share                              2.22         EUR             
Lowest price / share                               2.13         EUR             


Teleste Corporation now holds 733 631 shares                                    
including the shares repurchased on 17.12.2008.                                 



On behalf of Teleste Corporation                                                

HANDELSBANKEN CAPITAL MARKETS                                                   

Juha Kolehmainen                   Antti Kässi