Kodak Announces Agreement to Sell Eastman Gelatine Subsidiary

Kodak Board Elects Laura Quatela as President



Eastman Kodak Company (NYSE:EK) announced that, consistent with its previously announced intention to sell non-core assets to sharpen the Company’s focus on its digital growth initiatives and accelerate Kodak’s transformation to a digital company, it has agreed to sell its Eastman Gelatine Corporation business to Rousselot, part of the Vion Food Group. Financial details were not disclosed. Subject to customary closing conditions, the transaction is expected to close within 30 days.

About 95 Eastman Gel employees associated with the business will continue with the business following the closing. Included in the sale is 575,000 square foot of production space in Peabody, Mass.

Eastman Gel has been successfully managing the transition of the photographic market by increasingly expanding its sales into non-photographic categories, such as the pharmaceutical, edible protein and food/confectionary categories.

In addition, Eastman Kodak Company announced that its board of directors has elected Laura Quatela as President, effective January 1, 2012.

Quatela, 54, who is currently the company’s General Counsel, will serve alongside Philip Faraci, who continues as President, a position he has held since September 2007. Both report to Kodak Chairman and Chief Executive Officer Antonio M. Perez.

“Laura’s election reflects her increasing role in the company, including the strategic importance of the intellectual property business,” Perez said.

Eastman Kodak Company provides imaging technology products and services to the photographic and graphic communications markets worldwide. It operates in three segments: Consumer Digital Imaging Group (CDG), Graphic Communications Group (GCG), and Film, Photofinishing, and Entertainment Group (FPEG).

More about EK at www.kodak.com

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