An anonymous director reports

CELESTICA ANNOUNCES TSX ACCEPTANCE OF PREVIOUSLY ANNOUNCED NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Celestica Inc.'s notice to launch its previously announced normal course issuer bid.

Under the bid, the company may repurchase on the open market (or as otherwise permitted), at its discretion during the period commencing on Dec. 18, 2018, and ending on the earlier of Dec. 17, 2019, and the completion of purchases under the bid, up to 9,490,802 subordinate voting shares, representing 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, the average daily trading volume of the subordinate voting shares on the TSX during the six months ended Nov. 30, 2018, was 382,523 and, accordingly, daily purchases on the TSX pursuant to the bid will be limited to 95,630 subordinate voting shares, other than purchases made pursuant to the block purchase exception. 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 delivery pursuant to stock-based compensation plans.

Purchases are expected to be made through the facilities of the New York Stock Exchange and the Toronto Stock Exchange, or such other permitted means (including through alternative trading systems in Canada), at prevailing market prices or as otherwise permitted. The bid will be financed using existing cash resources and draws on its credit facility, and any subordinate voting shares repurchased by the company under the bid will be cancelled.

As of Dec. 1, 2018, the company had 117,483,631 issued and outstanding subordinate voting shares and a public float (within the meaning of the rules of the TSX) of 94,908,026 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 Nov. 12, 2018. Under its prior bid, the company was authorized to purchase up to 10,459,516 subordinate voting shares and repurchased and cancelled 8,696,065 subordinate voting shares at a weighted average price of $11 (U.S.) per share. In the past 12 months, the company repurchased 1,133,000 subordinate voting shares for delivery pursuant to the company's stock-based compensation plans.

We seek Safe Harbor.