Eastman Stockholders Reelect Board Members, Ratify Independent Auditors, and Vote on Stockholder Proposal

Eastman Chemical Company (NYSE:EMN) stockholders reelected directors Michael P. Connors, J. Brian Ferguson and Howard L. Lance to new three-year terms at the company's annual meeting. Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as independent auditors for Eastman for 2008. In other business, stockholders rejected a proposal requesting that management revise the company’s employment nondiscrimination policy and supported a proposal requesting that the Board of Directors take the steps necessary for each of the company’s directors to be elected annually to a one year term. The proposal to elect directors annually received a majority of the votes cast on that proposal at the meeting but was favored by holders of less than a majority of outstanding shares. Additional information about each of the matters acted upon by stockholders at the annual meeting is in the proxy statement that was furnished to stockholders in connection with the meeting. The proxy statement is also available at www.eastman.com, Company, Investor Relations, Annual Meeting. Final voting results from the annual meeting will be posted at www.eastman.com, Company, Investor Relations, Annual Meeting when they are available. 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 2007 sales of $6.8 billion and approximately 10,500 employees. For more information about Eastman and its products, visit www.eastman.com.