Eastman Chemical Company : Eastman to Expand Therminol® Heat Transfer Fluid Capacity

 Eastman Chemical Company : Eastman to Expand Therminol® Heat Transfer Fluid
                                   Capacity

     Expansion of Therminol 66 Capacity Supports Market Leading Position

KINGSPORT, Tenn., July 1, 2013 - Eastman Chemical Company (NYSE:EMN) today
broke ground on a capacity increase for its Therminol^® heat transfer fluids.
The plant expansion, located in Newport, Wales, will be a new manufacturing
facility capable of producing Therminol 66 and other biphenyl based
co-products. The facility is expected to be operational in the second half of
2014 and will increase Eastman's total capacity for Therminol 66 by more than
50 percent.

"This expansion positions Eastman to meet the needs of heat transfer fluid
customers with our flagship Therminol 66 product," said Ravi Prakash, global
business director of the specialty fluids business in Eastman's Specialty
Fluids and Intermediates segment. "We are committed to helping our customers
meet demand by providing a reliable supply of Therminol 66. This investment
is consistent with our vision to remain the global leader in high temperature
heat transfer fluids."

Therminol heat transfer fluids are synthetic fluids used for indirect heating
and cooling of chemical processes. These fluids may also be used in
consumable products, as raw materials, or as process solvents in chemical
applications where high boiling point, low vapor pressure, and thermal
stability attributes are needed. Therminol 66 is the fluid of choice in high
temperature applications and serves a diverse set of end markets, such as oil
and gas, polymers, waste heat recovery, and many others.

Eastman is the world leader in synthetic high temperature heat transfer
fluids, providing more than 50 years of excellence in technical support,
customer service, performance and innovation. For more information on
Therminol heat transfer fluids, please call 1-800-426-2463 or visit
www.therminol.com.

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 2012
pro forma combined revenues, giving effect to the Solutia acquisition, of
approximately $9.1 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: Kristin Sturgill
423-229-2526/ ksturgill@eastman.com

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

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Source: Eastman Chemical Company via Thomson Reuters ONE
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