Eastman Chemical raising global esters prices by US$0.03/lb.-US$0.08/lb., effective Sept. 1, on growing demand, operating costs

KINGSPORT, Tennessee , August 17, 2011 (press release) – Eastman Chemical Company is increasing prices on the following products Sep. 1, or as contracts allow. These increases are due to increased market demand and operating costs, particularly in raw materials and energy.

EASTMAN™ EEP : Off-list price increase of $USD 0.03/lb ($USD 0.07/kg) globally.

EASTMAN™ N-BUTYL ACETATE : Off-list price increase of $USD 0.03/lb ($USD 0.07/kg) globally.

EASTMAN™ 2EH ACETATE : List price increase of $USD 0.03/lb ($USD 0.07/kg) globally. Off-list price increase of $USD 0.03/lb ($USD 0.07/kg) globally.

EASTMAN™ ISOBUTYL ACETATE : Off-list price increase of $USD 0.03/lb ($USD 0.07/kg) globally.

EASTMAN™ N-PROPYL ACETATE : Off-list price increase of $USD 0.03/lb ($USD 0.07/kg) globally.

EASTMAN™ ISOPROPYL ACETATE : Off-list price increase of $USD 0.03/lb ($USD 0.07/kg) globally.

EASTMAN™ IBIB : List price increase of $USD 0.03/lb ($USD 0.07/kg) globally. Off-list price increase of $USD 0.03/lb ($USD 0.07/kg) globally.

EASTMAN™ N-BUTYL PROPIONATE : List price increase of $USD 0.08/lb ($USD 0.18/kg) globally. Off-list price increase of $USD 0.03/lb ($USD 0.07/kg) globally.

EASTMAN™ N-PROPYL PROPIONATE : List price increase of $USD 0.06/lb ($USD 0.13/kg) globally. Off-list price increase of $USD 0.03/lb ($USD 0.07/kg) globally.

EASTMAN™ EGDA : Off-list price increase of $USD 0.03/lb ($USD 0.07/kg) globally.

Eastman's chemicals, fibers and plastics are used as key ingredients in products that people use every day. Approximately 10,000 Eastman employees around the world blend technical expertise and innovation to deliver practical solutions. The company is committed to finding sustainable business opportunities within the diverse markets it serves. A global company headquartered in Kingsport, Tenn., USA, Eastman had 2010 sales of $5.8 billion. For more information, visit www.eastman.com.

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