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Graham Announces Fourth Quarter and Fiscal Year 2008 Earnings Release

BATAVIA, NY, May 15, 2008 – Graham Corporation (AMEX: GHM) announced today that it will release its results of operations for the fourth quarter and fiscal year, which ended March 31, 2008, before the opening of the financial markets on Friday, May 30, 2008.

The release of Graham’s financial results will be followed by a live webcast and teleconference at 11:00 a.m. Eastern Time on Friday, May 30, 2008. During the teleconference, James R. Lines, President and CEO, and J. Ronald Hansen, Vice President Finance and CFO, will review the Company’s financial and operating results as well as the Company’s strategy and outlook. A question-and-answer session will follow.

Graham’s conference call can be accessed as follows:

�� The live webcast can be found on this website. Participants should go to the website 10 -15 minutes prior to the scheduled conference in order to register and download any necessary audio software.
�� The teleconference can be accessed by dialing 1-201-689-8560 and requesting conference ID number 283989 approximately 5 - 10 minutes prior to the call.

To listen to the archived conference call:

�� The webcast will be archived on this website. A transcript will also be posted once available.

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For questions or comments, please contact

Graham Corporation
20 Florence Avenue. Batavia, NY 14020
Phone: 585.343.2216 // Fax: 585.343.1097
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