Corning Announces Expiration and Results of Cash Tender Offer

  Corning Announces Expiration and Results of Cash Tender Offer

Business Wire

CORNING, N.Y. -- November 27, 2012

Corning Incorporated (NYSE: GLW) announced today that its cash tender offer
relating to an aggregate principal amount of $75,000,000 of debentures expired
at 11:59 p.m., New York City time, on Monday, November 26. According to
information provided by D.F. King & Co., Inc., the depositary for the tender
offer, $74,736,000 in aggregate principal amount of debentures subject to the
cash tender offer were validly tendered and not validly withdrawn before the
expiration date. The tendered debentures are set forth below:

                                       Aggregate                    Approximate
                          Acceptance     Principal        Principal       Percentage
                          Priority       Amount           Amount          Outstanding
Title of Security       Level        Outstanding    Tendered      Tendered
8.875% Debentures due     1              $ 75,000,000     $13,095,000     17.46%
August 15, 2021
8.875% Debentures due     2              $ 75,000,000     $10,729,000     14.31%
March 15, 2016
6.75% Debentures due      3              $100,000,000     $50,912,000     50.88%
September 15, 2013
Aggregate Total
Tender Offer                             $250,000,000     $74,736,000     29.89%

(1) The maximum aggregate principal amount of debentures Corning offered to
purchase was $75,000,000.

Corning has accepted for purchase all of the debentures tendered, as noted

Corning expects to make payment for all debentures accepted for purchase,
including payment of accrued but unpaid interest on the purchased debentures,
in same-day funds on Tuesday, Nov. 27, 2012.

J.P. Morgan Securities LLC served as dealer manager for the tender offer. D.F.
King & Co., Inc. served as depositary and information agent for the tender
offer. The Colbent Corporation served as certificated notes depositary for
debentures tendered by physical delivery.

Forward-Looking and Cautionary Statements

This press release contains “forward-looking statements” (within the meaning
of the Private Securities Litigation Reform Act of 1995), which are based on
current expectations and assumptions about Corning’s financial results and
business operations, that involve substantial risks and uncertainties that
could cause actual results to differ materially. These risks and uncertainties
include: the effect of global political, economic and business
conditions;conditions in thefinancial and credit markets;currency
fluctuations;tax rates; product demand and industry capacity; competition;
reliance on a concentrated customer base; manufacturing efficiencies; cost
reductions; availability of critical components and materials; new product
commercialization;pricing fluctuationsandchanges in the mix of sales
between premium and non-premium products;new plant start-upor
restructuringcosts; possible disruption in commercial activities due to
terrorist activity, armed conflict, political or financial instability,
natural disasters, adverse weather conditions, or major health concerns;
adequacy of insurance; equity company activities; acquisition and divestiture
activities; the level of excess or obsolete inventory; the rate of technology
change; the ability to enforce patents; product and components performance
issues; retention of key personnel; stock price fluctuations; and adverse
litigation or regulatory developments.These and otherrisk factors
aredetailedin Corning’s filings with the Securities and Exchange
Commission.Forward-looking statements speak only as of the day that they are
made, and Corning undertakes no obligation to update them in light of new
information or future events.

About Corning Incorporated

Corning Incorporated ( is the world leader in specialty glass
and ceramics. Drawing on more than 160 years of materials science and process
engineering knowledge, Corning creates and makes keystone components that
enable high-technology systems for consumer electronics, mobile emissions
control, telecommunications and life sciences. Our products include glass
substrates for LCD televisions, computer monitors and laptops; ceramic
substrates and filters for mobile emission control systems; optical fiber,
cable, hardware & equipment for telecommunications networks; optical
biosensors for drug discovery; and other advanced optics and specialty glass
solutions for a number of industries including semiconductor, aerospace,
defense, astronomy, and metrology.


Corning Incorporated
Media Relations:
M. Elizabeth Dann, 607-974-4989
Investor Relations:
Ann H. S. Nicholson, 607-974-6716
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