Exhibit (99.1)

EASTMAN KODAK COMPANY

Media Contact:
David Lanzillo	585-781-5481		david.lanzillo@kodak.com

Kodak Board Elects Two New Members to Board of Directors

IAC's Douglas Lebda, Deloitte's William Parrett Enhance Board
Capabilities

ROCHESTER, N.Y., Nov. 16 - Eastman Kodak Company (NYSE:EK) said today
that Douglas R. Lebda, the President and Chief Operating Officer of
IAC/InterActiveCorp, and William G. Parrett, the former Chief Executive
Officer of Deloitte Touche Tohmatsu, were named to the company's board
of directors, effective November 14, 2007.

       Mr. Lebda, 37, became President and COO of IAC at the end of
2005. He joined the company in 2003 after IAC acquired LendingTree,
which Mr. Lebda founded in 1996. During his nine-year tenure, he led
the company through a successful IPO and five acquisitions, and
LendingTree became the nation's leading online lending exchange, with
more than $500 million in 2003 revenue. At IAC, Mr. Lebda oversees the
operations of more than 60 brands and 20,000 employees, and has led the
growth and integration of dozens of IAC start-ups and acquisitions. IAC
is an interactive conglomerate that owns and operates more than 60
specialized and global brands, including HSN, Ticketmaster, Match.com,
Ask.com, Citysearch, Evite, and more.

       Mr. Parrett, 62, recently retired from Deloitte as Senior Partner
after serving as CEO from 2003 until earlier this year. A 40-year
veteran of Deloitte, Mr. Parrett co-founded the firm's Global Financial
Services Industry practice and served as its first chairman. During his
career at Deloitte, he served as advisory or leadership partner to many
Fortune 500 companies.

       "I am pleased to welcome such talented and exceptional
individuals to our board as Doug Lebda and Bill Parrett," said Antonio
M. Perez, Kodak's Chairman and Chief Executive Officer. "Each will
bring a depth of experience and expertise to the board's deliberations
for the benefit of our customers and shareholders.

       "In LendingTree, Doug built what has become one of the world's
great online brands, and he has continued to nurture new brands and
businesses at IAC," Perez said. "He brings to Kodak an intimate

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knowledge of digital markets and a fresh perspective on the
generational and demographic forces shaping the Internet. As Kodak
continues its historic transformation, we will benefit from Doug's
business acumen and his passion for harnessing the Web to revolutionize
commerce and drive growth.

       "Bill Parrett's record of achievement is extraordinary," Perez
said. "During Bill's tenure, Deloitte's revenue grew by 53%, reaching
$23.0 billion in 2007, and worldwide employment grew to 150,000 people
in 140 countries. Beyond his success in growing Deloitte, Bill also has
become a global advocate for a broader view of corporate governance and
business ethics. His seasoned approach to business issues, as well as
his extensive understanding of financial matters, makes him an
outstanding choice to serve on Kodak's board."

       Mr. Lebda received his bachelor's degree in business
administration from Bucknell University in 1992, and began his
professional career as an auditor and consultant for
PriceWaterhouseCoopers. He is currently a member of the Bucknell
University Alumni Association Board of Directors and the Board of
Trustees for the Darden School Foundation. A recognized entrepreneur
and innovator, Mr. Lebda has received numerous honors, including the
Ernst & Young Entrepreneur of the Year award, the Council for
Entrepreneurial Development's Trailblazer award, and the Inman
Innovator of the Year award.

       Mr. Parrett joined Deloitte upon graduation from New York's St.
Francis College in 1967, and served in a series of roles of increasing
responsibility. He became Managing Partner of Deloitte & Touche USA in
1999, and was named CEO four years later. Mr. Parrett is chairman of
the United Way of America, an executive member of the International
Chamber of Commerce, and serves as chairman of the United States
Council for International Business.

       These elections bring the Kodak board to 11 members, 10 of whom
are independent directors, with Antonio Perez serving as the only non-
independent director.


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About Eastman Kodak Company

Kodak is the world's foremost imaging innovator. With sales of $10.7
billion in 2006, 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 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; and Creative
Professionals rely on Kodak technology to uniquely tell their story
through moving or still images.

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

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