Eastman Announces Board Action to Eliminate Supermajority Stockholder Voting Provisions

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KINGSPORT, Tenn., Oct. 7, 2011 – Eastman Chemical Company (NYSE:EMN) today announced the Board of Directors will recommend that stockholders approve amendments to the company’s Certificate of Incorporation to eliminate all supermajority stockholder voting provisions that are not required by Delaware law. The recommended amendments to the Certification of Incorporation, and related changes to the Bylaws, will be described in detail in the company’s 2012 annual meeting proxy statement and submitted to stockholders at the company’s 2012 annual meeting of stockholders.

Eastman’s chemicals, fibers and plastics are used as key ingredients in products that people use every day. Approximately 10,000 Eastman employees around the world blend technical expertise and innovation to deliver practical solutions. The company is committed to finding sustainable business opportunities within the diverse markets and geographies it serves. A global company headquartered in Kingsport, Tenn., USA, Eastman had 2010 sales of $5.8 billion. For more information, visit www.eastman.com.

Contacts:

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

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