Exhibit (99.1)

EASTMAN KODAK COMPANY

Kodak Canada Inc. Announces Changes to Toronto Manufacturing
Operations

Response to Structural Changes in the Worldwide Imaging
Industry

TORONTO, ON, December 9, 2004 - Kodak Canada Inc. today
announced that it will be closing its Toronto manufacturing
operations as part of a three-year worldwide program by
Eastman Kodak Company to reduce employment by 12,000-15,000
and facilities square footage by one-third.

The company is consolidating many different types of
functions and operations at sites around the world to
maintain competitiveness in the face of fundamental changes
in the imaging market driven by the rising popularity of
digital photography. Kodak manages its manufacturing plants
as worldwide assets and makes strategic asset decisions
based on global capacity requirements.

The Toronto manufacturing operation closure will be
completed by mid-2005 and the workforce reduction will
affect approximately 360 employees. Impacted employees will
receive severance packages, access to counseling support,
outplacement services and a retaining allowance.

"Kodak Canada remains committed to the Canadian market and
will continue to offer the full array of leading traditional
and digital imaging products and services," said Michael
Ducey, President of Kodak Canada Inc. "Approximately 550
employees in a variety of sales, marketing, service, and
support activities will continue to work for Kodak in
Canada."

"This is a very difficult decision because it affects our
employees who have performed so well," Ducey said. "This
decision reflects the changing realities of the global
imaging marketplace to which all companies must adapt. We
acknowledge and thank the impacted employees for their
contribution to the company over the years and we will make
every effort to assist them in their transition."

Products currently manufactured in Toronto will be
transitioned to other Kodak plants.


KODAK CANADA INC.

For more than a century, Kodak Canada Inc. has been meeting
the imaging needs of Canadians - in consumer, professional,
motion picture, health and commercial applications. Today,
Kodak Canada's sales, marketing and distribution teams offer
customers a full range of products and services that make
picture taking and picture making easier, faster, more
versatile and more exciting.

For more information visit www.kodak.ca