End Of Day Cash Register Report Template

TELESTE CORPORATION STOCK EXCHANGE RELEASE 11 MARCH 2021 AT 8:45

TELESTE CORPORATION NOTICE OF ANNUAL GENERAL MEETING

The Anniversary General Affair of Teleste Corporation (the “Company”) will be captivated on Wednesday, April 7, 2021, starting at 2:00 p.m. The affair will be captivated beneath appropriate align afterwards the appearance of shareholders or their proxy assembly at the Company's headquarter in Kaarina, Telestenkatu 1, 20660 Littoinen.

The Company's Board of Directors has absitively on an aberrant affair action based on the acting legislation accustomed by Finnish Parliament on 15 September 2020 (“Temporary Act”). In adjustment to absolute the beforehand of the COVID-19 pandemic, the Anniversary General Affair will be captivated afterwards the appearance of shareholders or their proxy assembly at the venue. This is a all-important admeasurement to adapt the Anniversary General Affair in a anticipated manner, demography into anniversary the bloom and assurance of shareholders, aggregation cadre and added stakeholders.

The Company's shareholders and their proxy assembly may participate in the affair and exercise their actor rights alone by voting in beforehand and appointment counterproposals and questions in beforehand in accordance with this apprehension and the Company’s added instructions. It is not accessible to appear the affair on site. The CEO's pre-recorded presentation will be broadcast on the Company's website on the day of the Anniversary General Meeting. The instructions for shareholders can be activate in Area C, “Instructions for participants in the Anniversary General Meeting” of this invitation.

A. MATTERS ON THE AGENDA OF THE ANNUAL GENERAL MEETING:

1 § Opening of the meeting

2 § Calling the affair to order

Mr Jukka Laitasalo, Attorney-at-Law, will armchair the meeting. If, for beefy reasons, Mr Laitasalo does not accept the befalling to serve as chairman, the Board of Directors shall accredit the being they annual best to chair. The Administrator may accredit a secretary for the meeting.

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3 § Acclamation of being to appraise the annual and administer the counting of votes

Mr Teemu Limnell, Acknowledged Counsel, will act as the examiner of the annual and the administrator for the counting of votes. If, for beefy reasons, Mr Limnell does not accept the befalling to act as the examiner of the annual and administrator for the counting of votes, the Board of Directors shall accredit the being it deems best as the examiner of the annual and administrator for the counting of votes.

4 § Recording the amends of the meeting

5 § Recording the appearance at the affair and the annual of votes

Shareholders who accept voted in beforehand during the beforehand voting aeon and who accept the appropriate to participate in the Anniversary General Affair pursuant to Chapter 5, Sections 6 and 6a of the Finnish Limited Liability Companies Act are advised to be shareholders accommodating in the meeting. The annual of votes will be adopted according to the advice provided by Euroclear Finland Ltd.

6 § Presentation of the 2020 Banking Statements, the Consolidated Banking Statements, the Auditors’ Address and the Address of the Board of Directors

The Company's anniversary report, including the Company's Banking Statements, the Address of the Board of Directors and the Auditor's Report, will be accessible on the Company's website no afterwards than three weeks afore the Anniversary General Affair and is accordingly accounted to accept been submitted to the Anniversary General Meeting.

7 § Acceptance of the Banking Statements, including the acceptance of the Consolidated Banking Statements

8 § Resolution on the use of the accumulation apparent on the antithesis area and the acquittal of a dividend

The Board of Directors proposes to the Anniversary General Affair that, based on the adopted antithesis sheet, a allotment of EUR 0.12 per allotment be paid for the banking aeon that concluded on December 31, 2020 for shares added than those captivated by the Company. The allotment shall be paid to shareholders registered on the almanac date April 9, 2021 as a actor in the Company’s shareholders’ annals maintained by Euroclear Finland Ltd. The allotment will be paid out on April 16, 2021.

9 § Resolution on the acquittal of the associates of the Board of Directors and the CEO from liability

10 § Accomplishment Report

The Board of Directors proposes to accept the 2020 Accomplishment Address of the Company's administering bodies. According to the Finnish Limited Liability Companies Act, the resolution on the Accomplishment Address is advisory.

The Accomplishment Address is accessible on the Company's website at www.teleste.com/AGM.

11 § Resolution on the cardinal of associates of the Board of Directors

The Shareholders’ Nomination Board proposes to the Anniversary General Affair that the cardinal of associates of the Board of Directors abide banausic and that six (6) associates serve on the Board of Directors.

12 § Resolution on the accomplishment of the associates of the Board of Directors

The Shareholders' Nomination Board proposes to the Anniversary General Affair that the accomplishment abide banausic and that the afterward anniversary accomplishment be paid to the associates of the Board adopted at the Anniversary General Meeting: EUR 66,000 per year for the Administrator and EUR 33,000 per year for anniversary member. The anniversary accomplishment of the Board affiliate who acts as the Administrator of the Audit Committee shall be EUR 49,000 per year.

It is proposed that of the accomplishment to be paid to the Board members, 40% of the absolute gross accomplishment bulk will be acclimated to acquirement Teleste Corporation's shares for the Board associates through trading on a adapted bazaar organised by Nasdaq Helsinki Ltd and the blow will be paid in cash.

However, a abstracted affair fee shall not be paid to the associates of the Board of Directors nor the Administrator of the Audit Committee. The associates of the Board's Audit Committee are paid a affair fee of EUR 400 for the affairs of the Audit Committee in which they participate.

13 § Acclamation of the associates of the Board of Directors

The Shareholders’ Nomination Committee proposes that the accepted Board associates be re-elected for the new appellation of office, extending until the end of the abutting Anniversary General Meeting: Timo Luukkainen, Jussi Himanen, Vesa Korpimies, Mirel Leino-Haltia, Heikki Mäkijärvi and Kai Telanne.

All accept been adjourned as absolute of the Aggregation and its cogent shareholders, with the barring of Timo Luukkainen and Vesa Korpimies, who accept been adjourned as absolute of the Aggregation but not absolute of its cogent actor on the afterward grounds: Timo Luukkainen is the Administrator of the Board of Directors of Tianta Oy and Vesa Korpimies is the President and CEO and a affiliate of the Board of Directors of Tianta Oy.

All Board affiliate candidates accept accustomed their accord for election.

14 § Resolution on the cardinal of auditors

In accordance with the advocacy of the Audit Committee, the Board of Directors proposes that one (1) accountant be adopted for the Company.

15 § Resolution on the accomplishment of the auditor

In accordance with the advocacy of the Audit Committee, the Board of Directors proposes that the auditor’s fees be paid according to the balance accustomed by the Company.

16 § Acclamation of the auditor

In accordance with the advocacy of the Audit Committee, the Board of Directors proposes that the auditing close PricewaterhouseCoopers Oy be adopted as the company’s accountant for a appellation abiding until the end of the abutting Anniversary General Meeting. PricewaterhouseCoopers Oy has accepted that Markku Launis, APA, would serve as the arch auditor, provided that the PricewaterhouseCoopers Oy will be adopted as the company´s auditor.

17 § Authorizing the Board of Directors to adjudge on the repurchase of the Company’s own shares

The Board of Directors proposes that the Anniversary General Affair adjudge to accredit the Board of Directors to adjudge on the repurchase of a best of 1,200,000 of the Company's own shares.

The shares shall be repurchased contrarily than in admeasurement to the backing of the shareholders with complete disinterestedness through trading on the adapted bazaar organized by Nasdaq Helsinki at the bazaar amount of the time of the purchase.

The shares shall be repurchased and paid for in accordance with the rules and instructions of Nasdaq Helsinki Ltd and Euroclear Finland Ltd.

The shares shall be repurchased for use as application in accessible acquisitions or added align accompanying to the Company’s business, as costs for investments or as allotment of the Company’s allurement affairs or to be captivated by the Company, to be conveyed by added agency or to be cancelled.

The Board of Directors decides on added agreement and altitude accompanying to the repurchase of own shares.

The repurchase allotment shall be accurate for eighteen (18) months from the resolution of the Anniversary General Meeting. The repurchase allotment revokes ahead accepted repurchase authorizations.

18 § Authorizing the Board of Directors to adjudge on the arising of shares and appropriate rights entitling to shares

The Board of Directors proposes to the Anniversary General Affair that the Board of Directors would be accepted allotment to decide

issuing new shares and/or

conveying the Company's own shares captivated by the Aggregation and/or

granting appropriate rights referred to in Chapter 10, Area 1 of the Limited Liability Companies Act beneath the afterward conditions:

Right to shares:

The new shares may be issued and the Company's own shares captivated by the Aggregation may be conveyed

-to the Company's shareholders in admeasurement to their accepted shareholdings in the Company, or

-by waiving the shareholder's pre-emption right, through a directed allotment affair if the Aggregation has a beefy banking acumen to do so, such as application the shares as application in accessible acquisitions or added align accompanying to the Company’s business, as costs for investments or application shares as allotment of Company’s allurement program.

The new shares may additionally be issued in a Chargeless Allotment Affair to the Aggregation itself.

Share affair adjoin acquittal and for free:

New shares may be issued and the Company's own shares captivated by the Aggregation may be conveyed either adjoin acquittal (“Share Affair Adjoin Payment”) or for chargeless (“Free Allotment Issue”). A directed allotment affair may be a Chargeless Allotment Affair alone if there is an abnormally beefy banking acumen both for the Aggregation and with attention to the interests of all shareholders in the Company.

Maximum cardinal of shares:

Based on the authorization, the Board of Directors is advantaged to adjudge on the arising of new shares and/or conveyance of the Company's own shares captivated by the Aggregation so that a best of 2,000,000 shares may be issued and/or conveyed in total.

Granting of appropriate rights:

The Board of Directors may admission appropriate rights referred to in Chapter 10, Area 1 of the Limited Liability Companies Act, which backpack the appropriate to accept adjoin acquittal new shares or own shares captivated by the Company. The appropriate may additionally be accepted to the Company's creditor in such a address that the appropriate is accepted on action that the creditor's receivable is acclimated to set off the cable amount (“Convertible Bond”).

The best cardinal of new shares that may be subscribed and own shares captivated by the Aggregation that may be conveyed by advantage of the appropriate rights accepted by the Aggregation is 1,000,000 shares in absolute which cardinal is included in the best cardinal declared in the area ‘Maximum cardinal of shares'.

Recording of the cable price:

The cable amount of the new shares and the application payable for the Company's own shares shall be recorded beneath the invested non-restricted disinterestedness fund.

Other agreement and validity:

The Board of Directors shall adjudge on all added agreement and altitude accompanying to the authorizations.

The authorizations shall be accurate for eighteen (18) months from the resolution of the Anniversary General Meeting. The authorizations abjure ahead accepted authorizations to adjudge on the arising of shares and appropriate rights entitling to shares.

19 § Closing of the meeting

B. DOCUMENTS OF THE ANNUAL GENERAL MEETING

This apprehension to the Anniversary General Meeting, absolute the proposals fabricated to the Anniversary General Affair in its entirety, and the Company's Accomplishment Report, are accessible on Teleste Corporation's website at www.teleste.com/AGM and at the Company's headquarters, Telestenkatu 1, 20660 Littoinen. The Company's Accomplishment Address is additionally absorbed to this apprehension of the meeting. Teleste Corporation's Banking Statements, Consolidated Banking Statements, the Address of the Board of Directors and the Auditor's Address will be accessible on the above-mentioned website no afterwards than March 17, 2021. The annual of the Anniversary General Affair will be accessible on the above-mentioned website no afterwards than April 21, 2021.

C. INSTRUCTIONS FOR PARTICIPANTS IN THE ANNUAL GENERAL MEETING

In adjustment to absolute the beforehand of the COVID-19 pandemic, the Anniversary General Affair will be captivated afterwards the appearance of shareholders or their proxy assembly at the venue. The Company's shareholders and their proxy assembly may participate in the affair and exercise their actor rights alone by voting in beforehand and appointment counterproposals and questions in beforehand in accordance with the Acting Act.

A actor or proxy adumbrative cannot participate in the affair via a real-time online webstream either. The CEO's pre-recorded presentation will be broadcast on the Company's website on the day of the Anniversary General Meeting.

1. Shareholders registered in the shareholders’ register

Each shareholder, who is registered on Wednesday, March 24, 2021, in the shareholders’ annals of the Aggregation maintained by Euroclear Finland Ltd, has the appropriate to participate in the Anniversary General Meeting. A shareholder, whose shares are registered on his/her claimed Finnish book-entry account, is registered in the shareholders’ annals of the Company.

2. Allotment and beforehand voting of a actor entered in the shareholders’ register

Registration and beforehand voting will activate on March 17, 2021, back the borderline for appointment counterproposals for voting has expired, and the Aggregation has appear any counterproposals for voting on the Company's website. A actor entered in the Company's actor annals adulatory to participate in the Anniversary General Affair allegation annals for the Anniversary General Affair and vote in beforehand no afterwards than March 30, 2021 at 10:00 a.m., by which time the allotment and votes allegation be received.

Shareholders captivation a Finnish book-entry anniversary may annals and vote in beforehand amid March 17, 2021 and March 30, 2021 at 10:00 a.m. in the afterward ways:

a) Via the Company's website www.teleste.com/AGM

For allotment and beforehand voting, able cyberbanking identification (bank IDs or adaptable certificate) is appropriate for accustomed persons, as able-bodied as a business ID and book-entry anniversary cardinal for acknowledged entities.

b) By column or e-mail

A actor voting in beforehand by column or e-mail allegation abide the beforehand voting anatomy accessible on the Company's website www.teleste.com/AGM to Euroclear Finland Oy by column to Euroclear Finland Ltd, Anniversary General Meeting/Teleste Corporation, PO Box 1110, FI-00101 Helsinki or by e-mail to yhtiokokous@euroclear.eu.

If a actor participates in the Anniversary General Affair by appointment beforehand votes by column or e-mail to Euroclear Finland Ltd, appointment votes afore the borderline for allotment and beforehand voting is advised allotment to the Anniversary General Meeting, provided that the shareholder's e-mail contains the advice appropriate for registration.

In affiliation with the registration, the requested information, such as the shareholder's name, claimed character cardinal and acquaintance information, allegation be provided. The claimed abstracts provided by shareholders in affiliation with the allotment will alone be acclimated in affiliation with the Anniversary General Affair and the processing of the all-important registrations accompanying thereto.

Voting instructions for all shareholders are accessible on the Company's website at www.teleste.com/AGM. Further advice is additionally accessible during the allotment aeon by buzz at 358 (0)2 2605 611 Monday to Friday from 9:00 a.m. to 4:00 p.m.

3. Proxy adumbrative and admiral of attorney

A actor may participate in the Anniversary General Affair and exercise their rights at the affair by way of proxy representation.

The proxy adumbrative of the actor shall aftermath a anachronous proxy certificate or contrarily prove in a reliable address their appropriate to represent the shareholder. If the actor participates in the Anniversary General Affair by several proxy representatives, who represent the actor with shares on abstracted balance accounts, the shares with which anniversary adumbrative represents the actor shall be notified in affiliation with the registration.

A proxy certificate and voting instructions templates will be fabricated accessible on the Company's website at www.teleste.com/AGM no afterwards than March 17, 2021 back the borderline for appointment counter-proposals for voting has expired, and the Aggregation has appear any counter-proposals for voting on the Company's website.

A actor who does not vote in beforehand may use the proxy annual provided by the Aggregation chargeless of allegation and accredit Attorney-at-law Veli Siitonen of Asianajotoimisto Merilampi Oy or accession advocate appointed by him absolute of the Aggregation to represent the actor and exercise their voting appropriate at the affair in accordance with voting instructions accustomed by the shareholder. The active proxy document, including the beforehand voting form, allegation be submitted to the Attorney-at-law Veli Siitonen by column or e-mail (contact advice below) afore the end of the allotment aeon and voting time, by which time the said abstracts allegation be received.

Additional advice on the Company's appointed absolute proxy adumbrative can be activate on the website https://www.merilampi.com/ihmiset/specialist-counsels/veli-siitonen and his acquaintance advice is:

postal address: Asianajotoimisto Merilampi Oy, Veli Siitonen, Keskuskatu 7, FI-00100, Helsinkiemail: veli.siitonen@merilampi.com.

Shareholders may participate in the Anniversary General Affair and exercise their rights at the affair through accession proxy adumbrative of their choice. The proxy adumbrative called by the actor allegation additionally vote in beforehand by column or e-mail as declared in this allurement (the proxy adumbrative cannot vote through the cyberbanking beforehand voting system). The proxy adumbrative allegation abide the proxy certificate received, including the beforehand voting anatomy or agnate advice by column to Euroclear Finland Ltd, Anniversary General Meeting/Teleste Corporation, PO Box 1110, FI-00101 Helsinki or by e-mail yhtiokokous@euroclear.eu afore the end of the allotment aeon and voting time, by which time the said abstracts or agnate advice allegation be received. Submission of a proxy certificate to Euroclear Finland Ltd afore the end of the allotment aeon is advised allotment for the Anniversary General Meeting.

4. Holders of nominee-registered shares

Holders of nominee-registered shares are advantaged to appear the Anniversary General Affair based on the shares that would baptize them to be entered in the actor register, maintained by Euroclear Finland Ltd, on March 24, 2021. In addition, accord in the Anniversary General Affair requires that such shareholders are, based on these shares, briefly entered in the actor annals maintained by Euroclear Finland Ltd no afterwards than March 31, 2021 at 10:00 a.m. (EET). For nominee-registered shares, this will be advised as a allotment to participate in the Anniversary General Meeting.

Shareholders with nominee-registered shares are encouraged to appeal their babysitter coffer for the all-important instructions apropos acting allotment with the shareholders' register, arising proxy documents, and allotment for the Anniversary General Affair in acceptable time. The anniversary administrator of the babysitter coffer allegation annals a actor with nominee-registered shares briefly into the shareholders’ annals of the Aggregation at the latest by the time declared aloft and align voting on annual of a actor with nominee-registered holdings.

5. Authoritative of counterproposals to the proposed resolutions and sending questions in advance

Shareholders who authority at atomic one hundredth of all the shares in the Aggregation aural the acceptation of the Acting Act accept a appropriate to accomplish a counterproposal on the items on the calendar of the Anniversary General Meeting, to be placed for a vote. Such counterproposals are appropriate to be beatific to the Aggregation by email to investor.relations@teleste.com no afterwards than by March 15, 2021, at 12:00 noon. In affiliation with authoritative a counterproposal, shareholders are appropriate to accommodate able affirmation of their shareholding. The counterproposal will be placed for a vote accountable to the actor accepting the appropriate to participate in the Anniversary General Meeting, shareholder´s allotment for the Anniversary General Affair and that the actor holds at atomic one hundredth of all shares in the Aggregation on the almanac date of the Anniversary General Meeting. Should the counterproposal not be placed for a vote at the Anniversary General Meeting, beforehand votes in favour of the counterproposal will not be taken into account. The Aggregation will broadcast the counterproposals, if any, that may be voted on the Company’s website at www.teleste.com/AGM no afterwards than by March 17, 2021.

A actor has the appropriate to ask questions referred to in Chapter 5, Area 25 of the Finnish Limited Liability Companies Act with account to the affairs to be advised at the affair until March 25, 2021 by email to investor.relations@teleste.com. Such questions from shareholders, the Company’s management’s answers to them, and any counterproposals that accept not been placed for a vote will be fabricated accessible on the Company’s website www.teleste.com/AGM no afterwards than March 29, 2021. In adjustment to ask questions or accomplish counterproposals, shareholders are appropriate to accommodate able affirmation of their shareholding.

6. Added information

Changes in shareholding afterwards the almanac date of the Anniversary General Affair do not affect the appropriate to participate in the Anniversary General Affair or the cardinal of votes of the shareholder.

The absolute cardinal of shares in Teleste Corporation on the date of this apprehension of the Anniversary General Affair is 18,985,588, apery an agnate cardinal of votes.

Turku, March 10, 2021

TELESTE CORPORATION

Board of Directors

Attachment 1: Teleste Accomplishment Report

FURTHER INFORMATION:Jukka Rinnevaara, tel. 358 (0)2 2605 611

DISTRIBUTION:Nasdaq HelsinkiMain mediawww.teleste.com

Attachment

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