Update on Kodak's Pension Plan Transition

Last year, we announced a plan to sell the assets of our overfunded pension plan to create a stronger financial foundation for Kodak that enables us to continue transforming our company while satisfying all pension benefits owed to participants of Kodak's U.S. pension plan ("KRIP") without disruption.

Our plan is proceeding as expected, and we would like to provide an update:

• KRIP was terminated earlier this year, and the process of fulfilling our obligations to all plan participants is almost complete. Participants will continue to receive the full benefits to which they are entitled without disruption.
• Kodak has established a new defined benefit plan for current U.S.-based employees, called the Kodak Cash Balance Plan, which offers substantially the same benefits as those under the cash balance feature of KRIP. Existing participants will continue to receive their benefits without interruption.

With the assistance of an independent fiduciary, Kodak recently contracted to purchase an annuity contract from Metropolitan Tower Life Insurance Company, a subsidiary of MetLife. Metropolitan will assume responsibility for the retirement benefits of approximately 27,000 KRIP participants and beneficiaries in early 2026 and continue providing members their full annuity payments without interruption.

Kodak expects to settle the remaining balance of its obligations through lump-sum payments to active participants on or about November 1, 2025.

Once all obligations are settled to KRIP participants, the Company expects KRIP to distribute surplus assets to the Company and the Kodak Cash Balance Plan in December 2025. A large portion of the surplus assets that will revert to Kodak after we fulfill our obligations to plan participants will be used to repay term debt.

After these planned transactions, which we expect to be completed by year-end, Kodak will have a stronger balance sheet than we have had in years and will be virtually net debt free.

For more detailed information about this topic, please review Kodak's Form 8-K filed with the SEC on October 16, 2025 and Form 10-Q filed with the SEC on August 11, 2025.