Solutia Retiree Welfare Tr 98 K079 00 6

“Pursuant to the 2007 trust agreement, the independent fiduciary shall be appointed by solutia.”

“Solutia, inc. Authorizes the director, global benefits at eastman chemical company, to control and manage the operation and administration of the solutia retiree welfare trust. Solutia has also authorized the benefit plans committee with certain rights and responsibilities with respect to numerous employee benefit plans (the "solutia plans"). The benefit plans committee is comprised of three individuals, the chief financial officer, the chief hr officer and the chief legal officer. These four individuals provide services to the filing organization without compensation from the filing organization.”

“As previously noted, solutia, inc. Authorizes the director, global benefits at eastman chemical company, to control and manage the operation and administration of the solutia retiree welfare trust. The form 990 is prepared by an independent consultant on the basis of the audited financial report and information provided by the director, global benefits at eastman chemical company, or their designee. The form 990 is then reviewed by the director prior to filing with the irs.”

“The veba does not have a ceo, executive director or top management official; management has been delegated to the director, global benefits at eastman chemical company, to control and manage the operation and administration of the solutia retiree welfare trust.”

“Summary annual reports are provided to participants. Plan documents and annual reports are available upon request by participants.”

“Northern trust company - south la salle street, chicago, il 60603.”

“Other professional 116,063. Administrative expenses 1,259,748. Actuarial services 24,605.”

“Transfer to solutia inc. Medical plan for retirees -371,656.”

“The organization has a committee that assumes responsibility for oversight of the audit and the process has not changed from the prior year.”