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Graham Announces First Quarter Fiscal 2009 Earnings Release

BATAVIA, NY, July 21, 2008 – Graham Corporation (AMEX: GHM) announced today that it will release its results of operations for the first quarter fiscal 2009, which ended June 30, 2008, before the opening of the financial markets on Friday, August 1, 2008.

The release of Graham’s financial results will be followed by a live webcast and teleconference at 11:00 a.m. Eastern Time. 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 291806 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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