Ms. Laurie Flanagan reports

CELESTICA ANNOUNCES TSX APPROVAL OF PREVIOUSLY ANNOUNCED NORMAL COURSE ISSUER BID

Celestica Inc. has received approval from the Toronto Stock Exchange to launch its previously announced normal course issuer bid.

Under the bid, the company may repurchase on the open market, at its discretion during the period commencing on Feb. 9, 2012, and ending on the earlier of Feb. 8, 2013, and the completion of purchases under the bid, up to 16,210,950 subordinate voting shares, representing approximately 8.2 per cent of the company's outstanding subordinate voting shares (7.5 per cent of the subordinate voting shares and multiple voting shares) and approximately 10 per cent of the public float of the subordinate voting shares (within the meaning of the rules of the TSX), subject to the normal terms and limitations of such bids. Under the TSX rules, daily purchases will be limited to 145,781 subordinate voting shares, other than block purchase exceptions. The actual number of subordinate voting shares which may be purchased pursuant to the bid and the timing of any such purchases will be determined by the management of the company, subject to applicable law and the rules of the TSX. In accordance with the TSX rules, the maximum number of subordinate voting shares which may be repurchased for cancellation under the bid will be reduced by the number of subordinate voting shares purchased for security-based compensation plans.

Purchases are expected to be made through the facilities of the New York Stock Exchange and the TSX, or such other permitted means, including through other published markets, at prevailing market prices or as otherwise permitted. The share repurchase program will be financed using existing cash resources, and any subordinate voting shares repurchased by the company under the bid will be cancelled.

As of Jan. 26, 2012, the company had 197,568,426 issued and outstanding subordinate voting shares and a public float (within the meaning of the rules of the TSX) of 162,109,501 subordinate voting shares.

The company believes that the purchases are in the best interest of the company and constitute a desirable use of its funds.

The company previously implemented a normal course issuer bid for its subordinate voting shares which expired on Aug. 2, 2011. In the past 12 months, the company has not repurchased any subordinate voting shares under its prior bid.

We seek Safe Harbor.