SHARE REPURCHASE 22.12.2008

Teleste Corporation          ANNOUNCEMENT          22.12.2008                   



SHARE REPURCHASE 22.12.2008                                                     

Helsinki Stock Exchange                                                         

Trade date                                         22.12.2008                   
Bourse trade                                       PURCHASE                     
Share                                              TLT1V                        
Amount                                             8 000        shares          
Total cost                                         17 650.00    EUR             
Average price / share                              2.2062       EUR             
Highest price / share                              2.25         EUR             
Lowest price / share                               2.20         EUR             


Teleste Corporation now holds 753 691 shares                                    
including the shares repurchased on 22.12.2008.                                 



On behalf of Teleste Corporation                                                

HANDELSBANKEN CAPITAL MARKETS                                                   

Juha Kolehmainen                   Antti Kässi