EX-99.2 Press Release

BATAVIA, NY, June 5, 2006 — Graham Corporation (AMEX: GHM) announced that its Board of Directors, at its regular meeting on June 1, 2006, declared a quarterly cash dividend of $.025 per common share.

The dividend will be payable July 5, 2006 to shareholders of record at the close of business on June 16, 2006. The Company has approximately 3.8 million shares of common stock outstanding.

With world-renowned engineering expertise in vacuum and heat transfer technology, Graham is a designer, manufacturer and global supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers. Over the past 70 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. Sold either as components or complete system solutions, the principle 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


		News Release