Eastman Board Declares Dividend   KINGSPO

KINGSPORT, Tenn., Feb. 16, 2017 - The board of directors of Eastman Chemical Company (NYSE: EMN ) has declared a quarterly cash dividend of $0.51 per share on the company's common stock.

The dividend is payable April 3, 2017, to stockholders of record as of March 15, 2017.

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 .

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Contacts:

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

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