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LIQUIDITY PROVIDING FOR TELESTE CORPORATION'S SHARE ENDS

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TELESTE CORPORATION  STOCK EXCHANGE RELEASE  22.10.2008 AT 17:30                


LIQUIDITY PROVIDING FOR TELESTE CORPORATION'S SHARE ENDS                        

Liquidity providing for Teleste Corporation's share has ended. Teleste has      
terminated the Liquidity Providing agreement between Teleste Corporation and    
Kaupthing Bank on 22 October 2008. The liquidity providing was interrupted on 9 
October 2008, when Kaupthing Bank informed that they have stopped their market  
making services.                                                                

Teleste is an international technology group founded in 1954, which is          
specialized in broadband data communication systems and solutions. The group is 
divided into two Strategic Business Units: Broadband Cable Networks and Video   
Networks. Broadband Cable Networks serves cable operators and a major part of   
its business activities are handled through direct customer contact. Video      
Networks supplies solutions for optical signal transmission and video network   
management software solutions for video surveillance and a major part of its    
business is handled through system integrators. Both Business Units are among   
the leading providers in their market areas and are globally recognized for     
their know-how and ability to produce technically cutting edge solutions year   
after year. In 2007 the group's net sales totalled EUR 125.1 million and the    
group employed 672 persons at the year-end. The company has approximately 30    
offices world-wide and over 90% of Teleste's net sales are generated outside    
Finland. The company is listed on the NASDAQ OMX Helsinki Ltd.                  
Visit www.teleste.com for more information.                                     



TELESTE CORPORATION                                                             

Jukka Rinnevaara                                                                
CEO                                                                             


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

DISTRIBUTION:                                                                   
NASDAQ OMX Helsinki                                                             
Media                                                                           
www.teleste.com

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