THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Albany International Corp. (AIN)

3/3/2006 Proxy Information

Christine L. Standish and John C. Standish are directors of the Company. Christopher Wilk, Ms. Standish’s husband, and John C. Standish served as employees of the Company during 2005. In consideration of these services, during 2005 the Company paid salary and other compensation of $108,653 to Mr. Wilk. The Company also granted to Christopher Wilk 500 restricted stock units pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan (the “RSU Plan”). In addition, Mr. Wilk received earnings of $2,324 as a result of vesting of restricted stock units granted to him in 2004. John C. Standish was paid salary and other compensation of $190,166 during 2005. The Company also granted to John C. Standish 1,250 restricted stock units pursuant to the RSU Plan. Mr. Standish received earnings of $10,820 as a result of vesting of restricted stock units granted to him in 2003 and 2004. In addition, Mr. Standish exercised 9,000 stock options during 2005, resulting in gross pre-tax earnings of $177,004. As employees, each of these individuals also received benefits under the Company’s profit-sharing, insurance, disability and other employee benefit plans in accordance with the terms of such plans.

During 2005, Francis L. McKone, a director of the Company, exercised 40,000 stock options granted to him during his employment with the Company, resulting in pre-tax earnings of $470,540.

3/23/2005 Proxy Information

Christine L. Standish and John C. Standish are directors of the Company. Christopher Wilk, Ms. Standish’s husband, and John C. Standish served as employees of the Company during 2004.

3/15/2004 Proxy Information

John C. Standish is the brother of Christine L. Standish and the son of J. Spencer Standish.

Christine L. Standish and John C. Standish are directors of the Company. Christopher Wilk, Ms. Standish’s husband, and John C. Standish served as employees of the Company during 2004. In consideration of these services, the Company paid salary and other compensation of $100,053 to Mr. Wilk. The Company also granted to Christopher Wilk 300 Restricted Stock Units pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan. John C. Standish was paid salary and other compensation of $156,641 during 2004. The Company also granted to John C. Standish 800 Restricted Stock Units pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan. In addition, Mr. Standish received earnings of $3,587 as a result of vesting of restricted stock units granted to him in 2003. As employees, each of these individuals also received benefits under the Company’s profit-sharing, insu rance, disability and other employee benefit plans in accordance with the terms of such plans. On February 18, 2005, the Board of Directors elected John C. Standish to the office of Senior Vice President – Manufacturing.

Chairman Emeritus

As Chairman Emeritus of the Board of Directors, J. Spencer Standish is invited to all meetings of the Board of Directors and Committees of the Board and normally attends such meetings. He receives limited but regular assistance from Company administrative personnel in managing his correspondence and travel arrangements. He visits Company facilities in the United States and abroad from time to time, and consults with senior management from time to time on Company matters. Mr. Standish was reimbursed a total of $5,876 for Company-related expenses incurred during 2004 in connection with such visits, his attendance at meetings and such consultations. Other than his pension under the Company’s retirement plans, and reimbursement of expenses, Mr. Standish receives no fees or compensation for his activities with respect to the Company.

3/15/2004 Proxy Information

Charles B. Buchanan was an employee of the company from 1957 until his retirement in 1997 and he served as Vice President and Secretary from 1980 until 1997.

Francis L. McKone served as Chairman of Albany International from 1998 until 2001, Chief Executive Officer from 1993 until 2000, President from 1984 to 1998, Executive Vice President from 1983 to 1984, Group Vice President-Paper Making Products Group from 1979 to 1983, and Vice President and Division President of Paper Making Products, U.S. prior to 1979.

Christine L. Standish and John C. Standish are directors of the Company. Christopher Wilk, Ms. Standish's husband, and John C. Standish served as employees of the Company during 2003. In consideration of these services, the Company paid salary and other compensation of $88,530 to Mr. Wilk. John C. Standish was paid salary and other compensation of $120,619. Mr. Standish exercised 7,080 stock options during 2003, resulting in gross pre-tax earnings of $54,620. The Company also granted to John C. Standish 600 Restricted Stock Units pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan. As employees, each of these individuals also received benefits under the Company's profit sharing, insurance, disability and other employee benefit plans in accordance with the terms of such plans.

Chairman Emeritus

As Chairman Emeritus of the Board of Directors, J. Spencer Standish is invited to all meetings of the Board of Directors and Committees of the Board and normally attends such meetings. When visiting the Company's headquarters, he is provided with office space and secretarial services. He also visits other Company facilities in the United States and abroad from time to time. Mr. Standish was reimbursed a total of $11,644 for expenses incurred during 2003 in connection with such visits and his attendance at meetings. Other than his pension under the Company's retirement plans, and reimbursement of expenses, Mr. Standish receives no fees or compensation for his activities with respect to the Company.

Mr. McKone served as Chairman of the Board and Chief Executive Officer of the Company until May 2001. Mr. Buchanan retired as a Vice President and Secretary of the Company in 1997. Ms. C. L. Standish's husband and her brother, John C. Standish, are employees of the Company, but are not executive officers. (See "Certain Business Relationships and Related Transactions" on page 7 for a description of remuneration paid by the Company to Ms. Standish's husband and brother.) Ms. Standish and Mr. Beecher are directors of J. S. Standish Co. Mr. Beecher is also Secretary of that corporation. Mr. Stenshamn is the Chairman of the Board and a director, but not an employee, of five Swedish subsidiaries of the Company: Albany International Holding AB; Albany International AB; Albany Door Systems AB; Nordiska Maskinfilt AB; and DEWA Consulting AB.

3/26/2003 Proxy Information

Christine L. Standish is the sister of John C. Standish and the daughter of J. Spencer Standish.

Since 2001, G. Allan Stenshamn has served as a Councellor to the law firm Landahl Advokatbyra in Stockholm, Sweden, which, among other activities, provides legal services to Swedish subsidiaries of Albany International.

Christine L. Standish and John C. Standish are directors of the Company. Christopher Wilk, Ms. Standish's husband, and John C. Standish served as employees of the Company during 2002. In consideration of these services, the Company paid salary and other compensation of $85,422 to Mr. Wilk. John C. Standish was paid salary and other compensation of $127,120. The Company also granted 2,000 stock options to John C. Standish. As employees, each of these individuals also received benefits under the Company's profit sharing, insurance, disability and other employee benefit plans in accordance with the terms of such plans.

As Chairman Emeritus of the Board of Directors, J. Spencer Standish is invited to all meetings of the Board of Directors and Committees of the Board and normally attends such meetings. He is provided with office space and secretarial services at the Company's headquarters and visits other Company facilities in the United States and abroad from time to time. Other than his pension under the Company's retirement plans, and reimbursement of expenses, Mr. Standish receives no fees or other compensation for these activities. Mr. Standish was reimbursed a total of $12,885 for expenses incurred during 2002 in connection with such visits and his attendance at meetings. In addition, the Company paid fees of $9,676 for financial consulting services rendered to Mr. Standish in 2002. Mr. Standish receives no other fees or compensation for his activities with respect to the Company.