KINGSPORT, Tenn.--(BUSINESS WIRE)--At Eastman Chemical Company’s (NYSE: EMN - News) 2009 Investor Day, President and CEO Jim Rogers will update the company’s earnings expectations and outline the company’s strategy for growth.

During the presentation, Mr. Rogers will say that Eastman expects 2009 earnings per share of approximately $3.50 excluding the asset impairments and restructuring charges for the first nine months detailed in the company’s third quarter sales and earnings disclosures.

In addition, Mr. Rogers and Eastman’s senior executives are expected to outline the company’s strategy for building on its solid core businesses and strong financial position to deliver 20 percent annual earnings per share growth from 2009 through the recovery.

Eastman will host its 2009 Investor Day on Nov. 17 at 9:00 a.m. ET. To listen to a live webcast of the presentation and view the accompanying slides, go to www.investors.eastman.com, Presentations. A web replay and the accompanying slides will be available at www.investors.eastman.com, Presentations.

Forward-Looking Statements: This news release includes forward-looking statements concerning current expectations for future economic and business conditions, company business and earnings growth strategies and financial position, and earnings per share for 2009 and earnings per share growth after 2009. Such expectations are based upon certain preliminary information, internal estimates, and management assumptions, expectations, and plans, and are subject to a number of risks and uncertainties inherent in projecting future conditions, events, and results. Actual results could differ materially from expectations expressed in the forward-looking statements if one or more of the underlying assumptions or expectations prove to be inaccurate or are unrealized. Important factors that could cause actual results to differ materially from such expectations are and will be detailed in the company's filings with the Securities and Exchange Commission, including the Form 10-Q filed for third quarter 2009 available on the Eastman web site at www.eastman.com in the Investors, SEC filings section.

About Eastman Chemical Company

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, Tennessee, USA, Eastman had 2008 sales of $6.7 billion. For more information, visit www.eastman.com.

Eastman Chemical Company
Media Relations:
Tracy Broadwater, 423-224-0498
tkbroadwater@eastman.com
or
Investor Relations:
Greg Riddle, 212-835-1620
griddle@eastman.com