Eastman Stockholders Elect Board Members, Ratify Independent Accountants, Approve Stock Compensation Plan, and Reject Stockholder Proposal

Eastman Chemical Company (NYSE:EMN) stockholders re-elected directors Renee J. Hornbaker, Thomas H. McLain and Peter M. Wood to three-year terms at the company’s annual meeting here today. Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as independent auditors for Eastman for 2007.

In other business, stockholders approved the proposed 2007 Omnibus Long-Term Compensation Plan and rejected a stockholder proposal that would have recommended that the Board establish a policy limiting benefits under supplemental executive retirement plans.

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.