Exhibit (99.1)

EASTMAN KODAK COMPANY

Thursday, 16 September, 2004



         KODAK ANNOUNCES CLOSURE OF COBURG PLANT

               A statement from John Allen
     Chairman and Managing Director, Kodak Australia


It is with regret that I announce the closure of the
Coburg manufacturing plant. The plant will cease
operating on 26 November 2004 and most impacted employees
will leave the company on 2 December 2004.

It is also with regret that I announce the closure of the
wholesale photo processing lab at Coburg. The last day
for production will be 22 October 2004.

All impacted employees will receive their full redundancy
and other entitlements.  We are also offering employees
and their families a comprehensive counselling and career
transition program to help with finding new employment.

As a result of these closures, approximately 600 staff
will be made redundant.

These closures have been caused by the fundamental change
in consumer behaviour driven by the increasing popularity
of digital photography, in Australia and worldwide.

This decision was in no way influenced by the performance
of our operations, or Australian economic, industrial or
political factors - Kodak values the strong support it
has received from its employees, governments and the
local community.

Kodak remains committed to the Australian market and will
continue to offer a full range of traditional and digital
photographic services and products to our consumer and
commercial customers.


/s/  John Allen


Media Contact:
Paul Conroy
Phone:  0418 371 099