KINGSPORT, Tenn., May 7, 2009 – The board of directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.44 per share on the company's common stock.

The dividend is payable July 1, 2009, to stockholders of record as of June 15, 2009.

Eastman manufactures and markets chemicals, fibers and plastics worldwide. It provides key differentiated coatings, adhesives and specialty plastics products; is a major supplier of cellulose acetate fibers; and produces PET polymers for packaging. As a Responsible Care® company, Eastman is committed to achieving the highest standards of health, safety, environmental and security performance. Founded in 1920 and headquartered in Kingsport, Tenn., Eastman is a FORTUNE 500 company with 2008 sales of $6.7 billion and approximately 10,200 employees. For more information about Eastman and its products, visit www.eastman.com.

Contacts:

Media: Tracy Broadwater
423-224-0498
tkbroadwater@eastman.com

Investors: Greg Riddle
212-835-1620
griddle@eastman.com