Solutia Stockholders Approve Proposed Transaction with Eastman

        Solutia Stockholders Approve Proposed Transaction with Eastman

Transaction Expected to Close First Week of July 2012

PR Newswire

ST. LOUIS, June 29, 2012

ST. LOUIS, June 29, 2012 /PRNewswire/ -- Solutia Inc. ("Solutia") (NYSE: SOA)
announced today that its stockholders have voted to approve the previously
announced acquisition of Solutia by Eastman Chemical Company ("Eastman"). 
Pursuant to the merger agreement with Eastman, which was entered into on
January 26, 2012, Solutia stockholders will receive $22.00 in cash and 0.12
shares of Eastman common stock for each share of Solutia common stock as
consideration in the acquisition.  Of the shares voted at today's special
meeting, 95,183,599 were voted in favor of the adoption of the merger
agreement, which represents approximately 99 percent of the votes cast.

(Logo: http://photos.prnewswire.com/prnh/20081029/AQW096LOGO )

Adoption of the merger agreement by Solutia stockholders satisfies one of the
conditions to complete the acquisition of Solutia by Eastman.  All regulatory
closing conditions have been satisfied.  The transaction remains subject to
the satisfaction or waiver of a number of customary closing conditions as set
forth in the merger agreement and discussed in detail in the definitive proxy
statement filed with the U.S. Securities and Exchange Commission by Solutia on
May 25, 2012.  The transaction is expected to close during the week of July
2nd.

Notes to Editor:  SOLUTIA and the Radiance Logo™ and all other trademarks
listed below are trademarks of Solutia Inc. and/or its affiliates. 

Forward Looking Statements

This communication may contain forward-looking statements, which can be
identified by the use of words such as "believes," "expects," "may," "will,"
"intends," "plans," "estimates" or "anticipates," or other comparable
terminology, or by discussions of strategy, plans or intentions.  All
statements other than statements of historical fact are statements that could
be deemed forward-looking statements, including, without limitation,
statements regarding the proposed acquisition; prospective performance and
opportunities of Solutia and the outlook for its business; the development and
delivery of new products; the expected timing of the completion of the
acquisition; the ability to complete the acquisition considering the various
closing conditions; and any assumptions underlying any of the foregoing. 
These statements are based on Solutia's management's current expectations and
assumptions, including assumptions about the industries in which Solutia
operates. Forward-looking statements are not guarantees of future performance
and are subject to significant risks and uncertainties that may cause actual
results or achievements to be materially different from the future results or
achievements expressed or implied by the forward-looking statements.  For
example, (1) the conditions to the closing of the acquisition may not be
satisfied or waived or satisfaction of the conditions may delay or prevent the
closing of the acquisition; (2) problems may arise in successfully integrating
the businesses of the companies, which may result in the combined company not
operating as effectively and efficiently as expected; (3) the combined company
may be unable to achieve synergies or other benefits of the acquisition or it
may take longer than expected to achieve those synergies or benefits; (4) the
acquisition may involve unexpected costs, unexpected liabilities or unexpected
delays or other adverse effects on the companies; (5) the credit ratings of
the combined company or its subsidiaries may be different from what the
companies expect; (6) the businesses of the companies may suffer as a result
of uncertainty surrounding the acquisition; (7) the industry may be subject to
future regulatory or legislative actions that could adversely affect the
companies; and (8) the combined company may be adversely affected by other
economic, business, and/or competitive factors. Discussions of some of these
other important factors and assumptions are described in Solutia's most recent
Annual Report on Form 10-K, including under "Risk Factors", and Solutia's
quarterly reports on Form 10-Q.  These reports can be accessed through the
"Investors" section of Solutia's website at www.solutia.com.  Solutia
disclaims any intent or obligation to update or revise any forward-looking
statements in response to new information, unforeseen events, changed
circumstances or any other occurrence except as required by law.

About Solutia

Solutia is a market-leading performance materials and specialty chemicals
company. The company focuses on providing solutions for a better life through
a range of products, including: Saflex® polyvinyl butyral interlayers for
glass lamination and for photovoltaic module encapsulation and
VISTASOLAR® ethylene vinyl acetate films for photovoltaic module
encapsulation;  LLumar®, Vista™, EnerLogic®, FormulaOne®, Gila®, V-KOOL®,
Huper Optik®, IQue™, Sun-X™ and Nanolux™ aftermarket performance films for
automotive and architectural applications; XIR® and Heat Mirror® performance
films that are incorporated into aftermarket window films, laminated glass
products and suspended insulated glass units for use in automotive and
architectural applications.  Flexvue™ advanced film component solutions for
solar and electronic technologies; and technical specialties products
including Crystex® insoluble sulfur, Santoflex® PPD antidegradants, Therminol®
heat transfer fluids and Skydrol® aviation hydraulic fluids. Solutia's
businesses are world leaders in each of their market segments. With its
headquarters in St. Louis, Missouri, USA, the company operates globally with
approximately 3,400 employees in more than 50 worldwide locations. More
information is available at www.solutia.com .

SOURCE Solutia Inc.

Website: http://www.Solutia.com
Contact: Media, Melissa Zona, +1.314.674.5555, or Investors, Susannah
Livingston, +1.314.674.8914