Gretna gained promotion to the Premier League as champions, by a single point ahead of St Johnstone, with a 3-2 win at Ross County on the final day of the season, the winning goal coming from James Grady in injury time.
The result relegated Gretna's opponents to the Second Division.
Airdrie United entered a playoff with the second, third and fourth placed teams from the Second Division - Stirling Albion, Raith Rovers and Brechin City, respectively.
The play-offs were played over two legs, the winning team in each semi-final advanced to the final.
The winning team was awarded a place in the 2007–08 First Division.