TELESTE CORPORATION STOCK EXCHANGE RELEASE 31.1.2007 AT 13.30 TELESTE RECEIVED AN ADDITIONAL ORDER FROM KOREA Cableway Communications in Korea has placed an additional order for more EttH equipment to serve the on-going project at Hanaro Telecom. The value of the order is EUR 1.3 million and the products are scheduled for delivery during this quarter. 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 2006 the group's net sales totalled EUR 101.8 million and the group employed 621 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 Helsinki Exchanges. 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: Helsinki Exchanges Media www.teleste.com