��Safe Harbor / Forward Looking Statements

CAUTIONARY LANGUAGE REGARDING FORWARD LOOKING STATEMENTS

Please read the below cautionary language before viewing any information contained in this section of Graham Corporation�s (�Graham�s�) website, entitled �Investor Relations�:

Certain statements contained in this section of Graham�s website entitled �Investor Relations� include �forward-looking statements� within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

Forward-looking statements are usually accompanied by words such as �anticipate,� �believe,� �estimate,� �may,� �intend,� �expect� and similar expressions. Graham�s actual results could differ materially from its historical results or from results implied by such forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by the forward-looking statements. Such factors include, but are not limited to, the risks and uncertainties identified by Graham under the headings �Risk Factors� in its latest Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements may also include, but are not limited to, statements about:

� the current and future economic environment affecting Graham and the markets it serves;
� sources of revenue and anticipated revenue, including the contribution from the growth of new products, services and markets;
� plans for future products and services and for enhancements to existing products and services;
� estimates regarding liquidity and capital requirements;
� Graham�s ability to attract or retain customers;
� the outcome of any existing or future litigation; and
� Graham�s ability to increase its productivity and capacity.

Undue reliance should not be placed on any of Graham�s forward-looking statements. Except as required by law, Graham undertakes no obligation to update or announce any revisions to its forward-looking statements, whether as a result of new information, future events or otherwise.