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Corning Announces Cash Tender Offer For Up To $75 Million Aggregate Principal Amount Of Its Outstanding Debt Securities And Redemption Of Two Series Of Outstanding Debt Securities

Corning has retained J.P. Morgan Securities LLC to serve as Dealer Manager for the tender offer and has retained D.F. King & Co., Inc. to serve as information agent and tender agent for the tender offer.

Requests for documents relating to the tender offer may be directed to D.F. King & Co., Inc. by telephone at (212) 269-5550 or (800) 967-4607 or in writing at 48 Wall Street, 22nd Floor, New York, NY 10005. Questions regarding the tender offer may be directed to J.P. Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-4811 (collect).

This press release is not a tender offer to purchase or a solicitation of a tender offer, which may be made only pursuant to the terms of the Offer to Purchase. In any jurisdiction where the laws require the tender offer to be made by a licensed broker or dealer, the tender offer will be deemed made on behalf of Corning Incorporated by J.P Morgan Securities LLC, or one or more registered brokers or dealers under the laws of such jurisdiction.

The Company will also redeem two series of outstanding debentures in accordance with their terms on November 26, 2012. The two series, described below, would be redeemed at the make-whole amount specified in the table below:

Title of Security   CUSIP  

Principal Amount Outstanding

 

Make-Whole Amount

  Redemption Date
       
5.90% Debentures due March 15, 2014 219350AP0 $100,000,000

Reference Treasury Yield+ 35 bps

November 26, 2012
6.20% Debentures due March 15, 2016 219350AN5 $ 73,648,000

Reference Treasury Yield+ 40 bps

November 26, 2012

This press release is not a notice of redemption of the debentures, which will be given by the trustee under the indenture governing the debentures.

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