Knowlton Technologies-Wet Laid Non-Wovens

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Eastman Completes Acquisition of Knowlton Technologies, LLC

Acquisition supports company’s commitment to microfibers growth platform

KINGSPORT, Tenn., Aug. 6, 2014 – Eastman Chemical Company has completed the acquisition of Knowlton Technologies, LLC. The company, which is located in Watertown, NY, is a leader in the design, accelerated prototyping and manufacture of wet-laid nonwovens in filtration, friction and custom designed composite webs. Terms of the transaction were not disclosed.

“We are excited to welcome Knowlton Technologies and its employees to the Eastman team,” said Tim Dell, vice president, innovation. "This acquisition brings together complementary skills and development capabilities that will help Eastman better innovate with our nonwovens-producing customers and accelerate the innovation cycle for microfibers in important markets like filtration.”

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 2013 revenues of approximately $9.4 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

423-224-0498 / tjkilgore@eastman.com

Investors: Greg Riddle

212-835-1620 / griddle@eastman.com