Albany Boosts Dividend from $0.13 to $0.14

The Board of Directors of Albany International Corp.

today declared a quarterly dividend of $0.14 per share on the Class A and Class B Common Stock, payable on July 9, 2012, to shareholders of record on June 7, 2012. This represents an increase of $0.01 from the most recent quarterly dividend. Albany International is a global advanced textiles and materials processing company, with two core businesses. Machine Clothing is the world's leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. Albany Engineered Composites is a rapidly growing supplier of highly engineered composite parts for the aerospace industry. In addition, the Company's PrimaLoft^® Products is a supplier of high-performance insulation materials for outerwear and home furnishings. Albany International is headquartered in Rochester, New Hampshire, operates 18 plants in 11 countries, employs 4,300 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at www.albint.com.