Exhibit (99.1)

EASTMAN KODAK COMPANY

Media Contact:
David Kassnoff 585-724-2137        david.kassnoff@kodak.com


Kodak Announces Closure of Logistics Center and Solvent Coating
Operation at Kodak Park

ROCHESTER, N.Y., Jan. 9 - Eastman Kodak Company today
announced that a logistics center and a materials management
operation at Kodak Park will close later this year, along
with a manufacturing operation that produces specialized
solvent-coated products for various lines of business.
  Closure of the logistics and warehousing facilities will
impact about 400 employees. Some of those operations will be
relocated to other Kodak facilities, both in and outside
Rochester. Kodak noted that the closure of the logistics
center is part of the company's digital transformation and
will help align the supply chain and logistics function to
the digitally oriented operating model of the company's
business units.
  Kodak also announced today that the Solvent Coating
manufacturing operation at Kodak Park would close during the
second quarter of 2007, impacting about 85 employees. The
company said that declining demand for products manufactured
at the facility, combined with available production capacity
at other Kodak facilities, led to the closure decision.
  Kodak emphasized that neither closure decision was related
to the performance of employees, which has been excellent.
All impacted employees will be eligible to receive
termination benefits that include up to a year's pay,
continuation of health, dental and life insurance benefits
for four months, a retraining allowance and outplacement
counseling.
  In association with these actions, Kodak will take a $65
million restructuring charge in the 1st quarter of 2007 to
cover costs including asset write-offs and employee
terminations.

 2

Additional information for Rochester media:
1.  The product logistics center that will close is housed in
    Bldg. 605 at Kodak Park, and a materials receiving warehouse
    that will also close is located in Bldg. 502. Both facilities
    are in Kodak Park South (KPS), a section of the site that is
    largely in the Town of Greece, south of Ridgeway Avenue and
    west of Mount Read Boulevard, and also bounded by Lexington
    Avenue and Lee Road.

2.  KPS is an area of Kodak Park that has relatively few
    buildings (only four out of more than 125 major buildings
    currently at Kodak Park), but it does contain 328 acres of
    industrial-zoned land. The land and buildings will be put up
    for sale as a single parcel, with availability by the end of
    2007.  Bldg. 605 is a large (2.1 million square feet) and
    modern climate-controlled warehouse, making it an ideal
    centerpiece for the community's business development efforts.
    "Kodak has a strong commitment to work with local elected
    officials and private parties to redevelop this parcel in a way
    that provides maximum benefit to the community," said John E.
    Richardson, Kodak's director of State and Local Government
    Relations. "We have already had success in selling or
    redeveloping three other former Kodak buildings in this area,
    and that has helped preserve or create several hundred jobs."

3.  The Solvent Coating facility is housed in Bldg. 329 in a
    section of Kodak Park south of Ridge Road and west of Mount
    Read Boulevard, adjacent to the Koda-Vista Neighborhood in the
    Town of Greece.

About Eastman Kodak Company

Kodak is the world's foremost imaging innovator, providing
leading products and services to the photographic, graphic
communications and healthcare markets. With sales of $14.3
billion in 2005, the company is committed to a digitally
oriented growth strategy focused on helping people better use
meaningful images and information in their life and work.
Consumers use Kodak's system of digital and traditional image
capture products and services to take, print and share their
pictures anytime, anywhere; Businesses effectively
communicate with customers worldwide using Kodak solutions
for prepress, conventional and digital printing and document
imaging; Creative Professionals rely on Kodak technology to
uniquely tell their story through moving or still images; and
leading Healthcare organizations rely on Kodak's innovative
products, services and customized workflow solutions to help
improve patient care and maximize efficiency and information
sharing within and across their enterprise.

More information about Kodak (NYSE: EK) is available at
www.kodak.com.
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2007