TELESTE CORPORATION STOCK EXCHANGE ANNOUNCEMENT 16.2.2007 AT 13:00 DISPOSAL OF TELESTE CORPORATION OWN SHARES ON 16 FEBRUARY 2007 Date: 16 February 2007 Basis for Disposal: The shares are disposed to the President and CEO and members of the Management Group in accordance with the incentive plan determined by the Board of Directors. Trading Code: TLT1V Number of Shares: 10,180 shares Price/share: Gratuitous After the disposal on 16 February 2007, the number of own shares in Telestes possession is 444,820 shares. 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 Stock Exchange. Visit www.teleste.com for more information. TELESTE CORPORATION Jukka Rinnevaara CEO ADDITIONAL INFORMATION: CFO Erja Saarikoski tel. +358 2 2605 685 or +358 40 550 9677 DISTRIBUTION: Helsinki Stock Exchange www.teleste.com