Kodak Acts to Strengthen Financial Position

The company is required to deposit up to $575 million of net proceeds from these transactions into a cash collateral account, to be used to satisfy the repayment of the 3.375% Convertible Senior Notes due 2033.

Kodak Updates Outlook

In conjunction with the actions referenced above, and given the proximity to the close of the third quarter of 2009, Kodak has chosen to reiterate its guidance on its financial results for the remainder of the year. This reiteration of guidance is done solely in connection with this announcement. The company does not provide quarterly guidance on a regular basis.