Kodak’s Quarterly Report Highlights Progress in Business Transformation

• Kodak now expects 2011 segment losses to be closer to $300 million, which is within the previously forecasted segment loss range of $100 million to $300 million. On a GAAP basis, the company now expects earnings from continuing operations before interest expense, other income (charges), net, and income taxes in the range of a negative $300 million to negative $400 million, reflecting lower earnings and lower gains on asset sales. Previously, the company forecasted GAAP earnings in the range of $50 million to negative $150 million.