First Quarter Fiscal 2010 Quarterly Cash Dividend

Graham Corporation announced that its Board of Directors, at its regular meeting on July 30, 2009, declared a quarterly cash dividend of $0.02 per common share.

The dividend will be payable October 2, 2009, to stockholders of record at the close of business on September 4, 2009. Graham has approximately 10 million shares of its common stock outstanding.