2008-07-21 23:17:10 -

www.graham-mfg.com - Graham Corporation (AMEX: GHM) announced today that it will webcast the management presentation portion of the company's 2008 annual stockholders' meeting on Thursday, July 31, 2008. The management presentation is scheduled to begin at approximately 11:15 a.m. ET and can be accessed through Graham Corporation's website at www.graham-mfg.com.

During the company's management presentation, James R. Lines, President

and Chief Executive Officer, and J. Ronald Hansen, Vice President and Chief Financial Officer, will discuss Graham's financial and business performance and strategy.

An archive of the webcast will be available at Graham Corporation's website for approximately 60 days. Participants will need Windows Media Player to view the webcast, which can be downloaded from the Company's website.

ABOUT GRAHAM CORPORATION

With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a global designer, manufacturer and supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers. Over the past 72 years, Graham Corporation has built a reputation for top quality, reliable products and high-standards of customer service. Sold either as components or complete system solutions, the principal markets for Graham's equipment are the petrochemical, oil refining and electric power generation industries, including cogeneration and geothermal plants. Graham equipment can be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, drugs, heating, ventilating and air conditioning.

Graham's reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. More information regarding Graham can be found at its website:

www.graham-mfg.com

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in Graham's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include Graham's ability to successfully execute the contract, that the estimated value of the production contract will be realized, customer preferences and changes in market conditions in the industries in which Graham operates. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated.

Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com