Corning Incorporated (NYSE:GLW) announced today that, pursuant to its previously announced cash tender offer, $74,681,000 million in aggregate principal amount of debentures subject to the cash tender offer were validly tendered and not validly withdrawn before 5 p.m. New York City time on Thursday, Nov. 8, 2012, the Early Tender Date for the tender offer, according to information provided by D.F. King & Co.

Corning will accept for payment only $75.0 million aggregate principal amount of debentures. Tendered debentures will be accepted in the order of the Acceptance Priority Levels set forth in the table above. Validly tendered debentures remain subject to proration according to the terms set forth in the Offer to Purchase, dated Oct. 26, 2012.

Holders of debentures subject to the tender offer who validly tendered and did not validly withdraw their debentures before the Early Tender Date are eligible to receive the total consideration, which includes an Early Tender Premium of $30 per $1,000 principal amount of debentures tendered by such holders that are accepted for purchase. Holders of debentures subject to the tender offer who validly tender their debentures after the Early Tender Date will receive the tender consideration, which is the total consideration minus $30 per $1,000 principal amount of debentures tendered by such holders that are accepted for purchase. In addition to the total consideration or the tender consideration, as applicable, accrued interest up to, but not including, the settlement date will be paid in cash on all validly tendered notes accepted in the tender offer. The settlement will follow promptly after the expiration date and currently is expected to be Tuesday, Nov. 27, 2012. Debentures tendered pursuant to the tender offer may no longer be withdrawn, unless otherwise required by law.

The tender offer is scheduled to expire at 11:59 p.m., New York City time, on Nov. 26, 2012, unless extended. The terms and conditions of the tender offer, including the conditions of Corning’s obligation to accept the debentures tendered and to pay the total consideration or the tender offer consideration, as applicable, plus accrued and unpaid interest, are set forth in the Offer to Purchase dated Oct. 26, 2012 and the related Letter of Transmittal. The tender offer is subject to the satisfaction or waiver of certain conditions set forth in the Offer to Purchase. The condition that Corning consummate financing arrangements prior to the expiration date as described in the Offer to Purchase has been satisfied by Corning’s completion of its previously announced note offering.

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. The Colbent Corporation is the Certificated Notes Depositary for debentures tendered by physical delivery.

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 St., 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.

About Corning Incorporated

Corning Incorporated ( www.corning.com ) is the world leader in specialty glass and ceramics. Drawing on more than 160 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy, and metrology.