Slides from 6.21.11 forum

1. EKRA Ltd.

2. EKRA Ltd. Informational Forum June 21, 2011 Welcome Kodak Retirees EKRA Ltd An association of Kodak retirees

24. EKRA Ltd. Your Questions?

25. EKRA Ltd. Informational Forum June 21, 2011 Welcome Kodak Retirees EKRA Ltd An association of Kodak retirees

26. EKRA Ltd.

39. EKRA Ltd.

40. Welcome Kodak Retirees EKRA, Ltd. EKRA Bridges 1 EKRA Ltd. Building a Bridge to the Future

44. The Speakers EKRA Ltd.

48. 1-12-2010

51. 1-12-2010 How Medicare Advantage Plans are Affected Insurance companies subsidies paid since 1/1/2006 are being phased out in the 2010-2013 period. This will affect 22% of all Medicare eligible participants. Health club memberships may be dropped, premiums and co-pays have been and will continue to go up. Subsidies were paid for by the 78%; from Medicare Trust. Cutting subsidies saves $180 B over 10 yrs. The CBO projects that this money and other Medicare savings will be used to enhance other Medicare benefits and will extend the solvency of the Medicare Trust by nearly a decade. Since funds won’t be needed until later, some savings will be “loaned” via Treasury bills to pay Non-Medicare expenses such as for the uninsured.

53. NRLN 2010 Member Survey 1-12-2010 Participants – 9,891 or 18% of 54,000 responded; retired from 118 companies; 2% employed; 83% salaried; 14% formerly union; 40% at least 70 ½; 68% were 65+; 31% were 55-60. 40% have Facebook webpage & 2% twitter. Results – 91%+ said NRLN should stay the course & rated their top preferences for NRLN action as: Pension asset protection; Maintenance of Cost Protection for company health care plans; adding Catastrophic Coverage to Medicare; Lower Cost Prescription Drugs. 76% want NRLN insurance choices, 65% want insurance assistance. Weaknesses – Only 31% have read their NRLN legislative agenda and only 53% read Action Alerts or take action.

58. Brighton Securities Insights. Investments. Income. © 2010 Brighton Securities Corp. Eastman Kodak Co. & its financial future Presentation for EKRA George T. Conboy, President October 12, 2010

59. Brighton Securities Insights. Investments. Income. © 2010 Brighton Securities Corp. Three Roads for Eastman Kodak 1. Remain independent under current or evolutional management 2. Sale in a “going private” transaction 3. Bankruptcy

60. Brighton Securities Insights. Investments. Income. © 2010 Brighton Securities Corp. Trajectory is not encouraging i. Sales down 46% from 2005 peak of $14.2 billion (source: S&P) ii. Transition from chemical to digital technology has not yet provided consistent profits. Profits over the last 10 years amount to 12 basis points on aggregate sales (source: S&P) Kodak Remains Independent

62. Brighton Securities Insights. Investments. Income. © 2010 Brighton Securities Corp. Kodak has $7 billion in annual sales but the total market value for its stock (market cap) is only $1.1 billion. i. Compare sales/mkt cap: Xerox $15 bil./$15 bil. Harris $5 bil./$6 bil. Going-private transaction

65. Brighton Securities Insights. Investments. Income. © 2010 Brighton Securities Corp. Pension and other long-term liabilities are $3.5 bil. – and raise questions whether this scenario can work. Going-private transaction con’t.

69. Who makes pension payments to Kodak retirees?  For those who retired through 1983, Metropolitan Life made payments as a result of annuities purchased by Kodak  For retirees post 1983, Mellon Bank has made payments out of the assets of Kodak’s pension fund – the Kodak Retirement Income Fund (KRIP)

74. EKRA Ltd. Disclaimer The information being presented today was obtained from reliable sources but has not been confirmed by Kodak

75. The End EKRA, Ltd. EKRA Bridges 1 EKRA Ltd. Building a Bridge to the Future