Eastman Board Declares Dividend

Eastman Board Declares Dividend

KINGSPORT, Tenn., February 16, 2012 - The board of directors of Eastman Chemical
Company (NYSE:EMN) has declared a quarterly cash dividend of $0.26 per share on
the company´s common stock.

The dividend is payable April 2, 2012, to stockholders of record as of March
15, 2012.

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, Tennessee, USA, Eastman had 2011 sales of $7.2 billion. For more
information, visit www.eastman.com.

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Contacts:

Media:  Tracy Broadwater
423-224-0498 /[e-mail]

Investors:  Greg Riddle
212-835-1620 /[e-mail]

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Source: Eastman Chemical Company via Thomson Reuters ONE

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