Kodak’s Quarterly Report Highlights Progress in Business Transformation

• Kodak is now targeting a 2011 loss from continuing operations in the range of $400 million to $600 million. Previously, the company forecasted a loss in the range of $200 million to $400 million.

• The company now expects a year-end cash balance of $1.3 billion to $1.4 billion, excluding the proceeds of any sale of its digital imaging patent portfolios. Previously, the company forecasted a year-end cash balance of $1.6 billion to $1.7 billion. The company continues to expect $250 million to $350 million in cash this year from intellectual property licensing transactions. The company now expects proceeds from sales of non-core assets to be approximately $200 million.