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Hearing Date: August 20, 2013 at 11:00 a.m. (Eastern Time) Objection Deadline: August 9, 2013 at 4:00 p.m.

(Eastern Time)

Name Address 1 Address 2 Telephone: Fax: Eastman Kodak Shareholder

UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: EASTMAN KODAK COMPANY, et al., Debtors. ) ) ) ) ) )

Bankruptcy Case No. 12-10202

SHAREHOLDER OBJECTION TO DEBTORS FIRST AMENDED JOINT CHAPTER 11 PLAN OF REORGANIZATION Dear Honorable Judge Allan Gropper, I respectfully request the court to deny confirmation of Debtors First Amended Joint Chapter 11 Plan of Reorganization (The Plan), because Debtors breached their fiduciary duty by employing Lazard Frres & Co. LLC (Lazard), who has conflict of interest, to prepare a Valuation Analysis of Reorganized (New) Kodak, and order a new Valuation Analysis by an independent security valuation expert. Debtors employed Lazard as their sole financial advisor since the bankruptcy petion date, and Lazard will earn a substantial advisory fee, if the Plan is confirmed. Therefore, it is evident that there is conflict of interest in the employment of Lazard by Debtors to carry out the Valuation Analysis for the Plan. Lazard grossly underestimated the reorganization value of New Kodak. Kodak shareholders analyzed Lazards Valuation Analysis filed with the court (in Docket 4505) on July 31, 2013, and have discovered intentional misrepresentations and intentional incorrect assumptions with a clear objective to justify the merits of the Plan formulated jointly by Debtors, Backstop Parties and Credit Committee. Shareholders have already filed with the court an objection to the Plan that provides the details of these intentional misrepresentations and incorrect assumptions by Lazard.

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