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Graham Announces Third Quarter Fiscal Year 2008 Earnings Release

BATAVIA, NY, January 14, 2008 – Graham Corporation (AMEX: GHM) announced today that it will release its results of operations for its third quarter of fiscal year 2008, which ended December 31, 2007, before the opening of the financial markets on Monday, January 28, 2008.

The release of Graham’s financial results will be followed by a live webcast and teleconference at 1:00 p.m. Eastern Time on Monday, January 28, 2008. During the teleconference, James R. Lines, President and COO, 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 268534 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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