Eastman Board Increases Dividend for Eighth Consecutive Year

KINGSPORT, Tenn. Dec. 7, 2017 - The Board of Directors of Eastman Chemical Company (NYSE: EMN) has declared a quarterly cash dividend of $0.56 per share on the company's common stock, a 10 percent increase from $0.51 per share. The dividend is payable Jan. 5, 2018, to stockholders of record as of Dec. 18, 2017.

"I am pleased that for the eighth consecutive year, Eastman is increasing the dividend as part of our ongoing commitment to return cash to our stockholders," said Curt Espeland, executive vice president and chief financial officer. "This action represents our commitment to increasing our dividend as the company grows, as well as reflects the Board's continued confidence in our ability to deliver earnings growth and strong cash flow generation."

Eastman is a global advanced materials and specialty additives 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 more than 100 countries and had 2016 revenues of approximately $9.0 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 14,000 people around the world. For more information, visit www.eastman.com.

# # #

Contacts

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

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