TELESTE SIGNS A TWO-YEAR CONTRACT ON DELIVERIES OF CABLE TV EQUIPMENT AND SEVICES FOR THE FINNISH TELCO OPERATOR DNA

TELESTE CORPORATION STOCK EXCHANGE RELEASE  11.6.2008 AT 10:00                


TELESTE SIGNS A TWO-YEAR CONTRACT ON DELIVERIES OF CABLE TV EQUIPMENT AND       
SERVICES FOR THE FINNISH TELCO OPERATOR DNA                                     

The signed contract includes deliveries of equipment and services related to    
cable TV network upgrading, maintenance and network planning as well as         
deliveries of headend equipment for the implementation of new cable TV and      
broadband services for DNA.                                                     

DNA has 250 000 cable television subscribers in Finland. The contract value     
stands at approximately EUR 2.6 million.                                        

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 91% of Teleste's net sales are generated outside    
Finland. The company is listed on the OMX Nordic Exchange Helsinki.             
Visit www.teleste.com for more information.                                     


TELESTE CORPORATION                                                             

Jukka Rinnevaara                                                                
CEO                                                                             


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


DISTRIBUTION:                                                                   
OMX Nordic Exchange Helsinki                                                    
Media                                                                           
www.teleste.com