Xerium Technologies Listing Compliance Plan Accepted by NYSE

YOUNGSVILLE, N.C.--(Business Wire)--
Xerium Technologies, Inc. (NYSE: XRM), a leading global manufacturer of
industrial textiles and rolls used primarily in the paper production process,
today announced that the New York Stock Exchange (NYSE) has accepted the
Company`s plan for continued listing on the NYSE. As a result, Xerium`s common
stock will continue to be listed on the NYSE during the compliance period,
subject to quarterly reviews by the NYSE to monitor the Company`s progress
against the plan.

Xerium previously announced that on December 29, 2008, it was notified by the
NYSE that it was not in compliance with two NYSE standards for continued listing
of the Company`s common stock on the exchange because the average closing price
of the Company`s common stock was less than $1.00 per share over a consecutive
30 trading day period, and the Company`s average total market capitalization was
less than $75 million over the same period and its most recently reported
stockholders` equity was less than $75 million.

As a result of the NYSE`s acceptance of the plan, Xerium has 18 months from the
original notification date in which to regain compliance with the average market
capitalization standard, subject to its compliance with the NYSE`s other
continued listing requirements. With respect to the $1.00 minimum price
standard, the Company initially had six months from the date of receipt of the
notification from the NYSE to bring its share price and average share price over
$1.00. However, the NYSE has suspended the $1.00 minimum price requirement
through June 30, 2009. Once the NYSE reinstitutes the average share price
standard, Xerium`s six-month compliance period will recommence, and the company
will have the remainder of the period in which to regain compliance with the
standard. Failure to make progress consistent with the plan or to regain
compliance with the continued listing standards could result in the Company`s
common stock being delisted from the NYSE.

About Xerium Technologies

Xerium Technologies, Inc. (NYSE: XRM) is a leading global manufacturer and
supplier of two types of consumable products used primarily in the production of
paper: clothing and roll covers. The Company, which operates around the world
under a variety of brand names, utilizes a broad portfolio of patented and
proprietary technologies to provide customers with tailored solutions and
products integral to production, all designed to optimize performance and reduce
operational costs. With 33 manufacturing facilities in 14 countries around the
world, Xerium has approximately 3,500 employees.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. These statements relate
to future events or to our future financial performance and involve known and
unknown risks, uncertainties, and other factors that may cause actual results,
levels of activity, performance, or achievements to be materially different from
any future results, levels of activity, performance, or achievements expressed
or implied by these forward-looking statements. In some cases, forward-looking
statements can be identified by the use of words such as "may," "could,"
"expect," "intend," "plan," "seek," "anticipate," "believe," "estimate,"
"predict," "potential," or "continue" or the negative of these terms or other
comparable terminology. Undue reliance should not be placed on forward-looking
statements because they involve known and unknown risks, uncertainties, and
other factors that are, in some cases, beyond our control and that could
materially affect actual results, levels of activity, performance, or
achievements. Factors that could materially affect our actual results, levels of
activity, performance or achievements include the following items: (i) we may
not meet the goals set forth in our plan to achieve NYSE compliance; (ii) even
if we meet the goals set forth in the plan, we may not be able to achieve
compliance with NYSE continued listing standards; (iii) our revenues and
profitability could be adversely affected by fluctuations in currency exchange
rates; (iv) our profitability would be reduced by a decline in the prices of our
products; (v) our profitability could be adversely affected by fluctuations in
interest rates; (vi) we may not be able to develop and market new products
successfully or we may not be successful in competing against new technologies
developed by competitors; (vii) our credit facility contains restrictive
covenants, including covenants requiring compliance with minimum interest
coverage and fixed charge coverage ratios and maximum leverage ratios, that will
require us to improve our performance over time in order to comply therewith;
(viii) we may have insufficient cash to fund growth and unexpected cash needs
after satisfying our debt service obligations due to our high degree of leverage
and significant debt service obligations; (ix) we are subject to the risk of
weaker economic conditions in the locations around the world where we conduct
business, including without limitation the current turmoil in the credit markets
and the impact of the current global economic crisis on the paper industry; (x)
we may be required to incur significant costs to reorganize our operations in
response to market changes in the paper industry; (xi) we are subject to the
risk of terrorist attacks or an outbreak or escalation of any insurrection or
armed conflict involving the United States or any other country in which we
conduct business, or any other national or international calamity; (xii) we are
subject to any future changes in government regulation; (xiii) we are subject to
any changes in U.S. or foreign government policies, laws and practices regarding
the repatriation of funds or taxes and (xiv) those other risks described under
the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the
period ended December 31, 2008 filed with the Securities and Exchange Commission
and subsequent SEC filings. If any of these risks or uncertainties materialize,
or if our underlying assumptions prove to be incorrect, actual results may vary
significantly from what we projected. Any forward-looking statement in this
press release reflects our current views with respect to future events. We
assume no obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information, future
events, or otherwise.

SBG Investor Relations
Geoffrey Buscher, 508-532-1790
IR@xerium.com

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