Mr. Donald Walker reports

MAGNA ANNOUNCES 2016 ANNUAL AND SPECIAL MEETING RESULTS

Magna International Inc. has released voting results from its 2016 annual and special meeting of shareholders held today. A total of 292,439,538 common shares, or 73.37 per cent of the company's issued and outstanding common shares, were voted in connection with the meeting. Shareholders voted by a show of hands in favour of each item of business. Based on proxies received prior to the meeting and votes cast in person at the meeting, each director nominee was elected by a substantial majority.

   VOTING RESULTS FOR ELECTION OF DIRECTORS

Scott B. Bonham                          99.92%
Peter G. Bowie                           99.92%
J. Trevor Eyton                          97.68%
Barbara Judge                            99.88%
Dr. Kurt J. Lauk                         99.92%
Cynthia A. Niekamp                       99.92%
Dr. Indira V. Samarasekera               99.51%
Donald J. Walker                         99.92%
Lawrence D. Worrall                      99.62%
William L. Young                         99.51%

Additionally, Magna's advisory say-on-pay vote received 83.40-per-cent support, the special resolution approving the amendment of Magna's articles of incorporation to remove Section 10 of the corporate constitution vote received 99.67-per-cent support, and the resolution ratifying and confirming the repeal of bylaw 1B-92 and the adoption of bylaw No. 1 received 98.84-per-cent support based on proxies received prior to the meeting and votes cast in person at the meeting.

                  VOTING RESULTS -- 2016 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
  
Resolution                                                                Votes for        Votes withheld/against
                                                                      Number         %           Number         %

Elect Scott B. Bonham as director                                281,566,371     99.92          221,535      0.08
Elect Peter G. Bowie as director                                 281,569,656     99.92          218,250      0.08
Elect J. Trevor Eyton as director                                275,238,988     97.68        6,548,917      2.32
Elect Barbara Judge as director                                  281,462,716     99.88          325,189      0.12
Elect Dr. Kurt J. Lauk as director                               281,566,970     99.92          220,936      0.08
Elect Cynthia A. Niekamp as director                             281,572,176     99.92          215,730      0.08
Elect Dr. Indira V. Samarasekera as director                     280,407,455     99.51        1,380,450      0.49
Elect Donald J. Walker as director                               281,574,028     99.92          213,878      0.08
Elect Lawrence D. Worrall as director                            280,714,850     99.62        1,073,056      0.38
Elect William L. Young as director                               280,397,839     99.51        1,390,066      0.49
Reappointment of Deloitte LLP as auditor                         291,653,592     99.74          749,027      0.26
Advisory resolution on approach to executive compensation        235,004,221     83.40       46,780,378     16.60
Special resolution to amend articles of incorporation            280,868,114     99.67          919,303      0.33
Resolution to ratify and confirm new general bylaw               278,507,252     98.84        3,280,164      1.16