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2016-02-18

Eastman Chemical Company: Eastman Board Elects New Director

KINGSPORT, Tenn., Feb. 18, 2016 - The board of directors of Eastman Chemical
Company (NYSE:EMN) has elected James J. O'Brien as a director. O'Brien, 61,
is retired Chairman and Chief Executive Officer of Ashland Inc., a leading
global specialty chemical company. The Board also nominated O'Brien and the
other current directors for reelection by stockholders to a new one-year term
at the annual meeting on May 5, 2016.

"Jim is a highly respected leader in the global business community, and we are
pleased to welcome him to Eastman's Board of Directors," said Mark Costa,
chairman and CEO. "With a career spanning four decades, Jim brings extensive
knowledge of the chemical industry and substantial experience as an executive
of an international public company. His leadership during Ashland's
transformation to a specialty chemical company, which is similar to
Eastman's, will be incredibly valuable to our Board, stakeholders, and
company."

O'Brien served as Chairman of the Board and Chief Executive Officer of Ashland
Inc. from 2002 until his retirement in December 2014 and previously served as
President and Chief Operating Officer and Senior Vice President and Group
Operating Officer from 2001 to 2002. He joined Ashland in 1976, and became
President of the Valvoline business in 1995.

Eastman is a global specialty chemical company that produces a broad range of
products found in items people use every day. With a portfolio of specialty
businesses, Eastman works with customers to deliver innovative products and
solutions while maintaining a commitment to safety and sustainability. Its
market-driven approaches take advantage of world-class technology platforms
and leading positions in attractive end-markets such as transportation,
building and construction and consumables. Eastman focuses on creating
consistent, superior value for all stakeholders. As a globally diverse
company, Eastman serves customers in approximately 100 countries and had 2015
revenues of approximately $9.6 billion. The company is headquartered in
Kingsport, Tennessee, USA and employs approximately 15,000 people around the
world. For more information, visitwww.eastman.com.

Contacts:

Media: Tracy Kilgore
423-224-0498 /tjkilgore@eastman.com

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

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eastman Chemical Company via Globenewswire

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