An anonymous director reports

MAGNA OBTAINS ISSUER BID EXEMPTION ORDERS TO PERMIT PURCHASES BY WAY OF PRIVATE AGREEMENT

The Ontario Securities Commission has issued issuer bid exemption orders permitting Magna International Inc. to make private agreement purchases of Magna International's common shares from three arm's-length third party sellers. Any purchases of the company's common shares made by way of private agreement under the orders will be at a discount to the prevailing market price, may be made in tranches over time and must otherwise comply with the terms of each of the orders, including that:

• Only one such purchase is permitted per calendar week.
• Any such purchase must occur prior to the expiry of the company's normal course issuer bid on Nov. 12, 2015.
• The maximum number of common shares which may be purchased by way of all such private agreements cannot exceed 6,666,666, being one-third of the total number of common shares which may be purchased under the bid.

All common shares purchased by way of private agreement made pursuant to the orders will be included in computing the number of common shares purchased under the bid, and information regarding each purchase, including the number of common shares purchased and aggregate price paid, will be available on the System for Electronic Document Analysis and Retrieval at SEDAR, following the completion of any such purchase. Subject to regulatory requirements, the actual number of common shares to be purchased under the bid, whether by way of any such private agreement or otherwise, and the timing of any such purchases will continue to be determined by the company having regard to future price movements, the company's determination that such purchases would be an appropriate use of corporate funds and in the best interests of Magna, and other factors. All purchases will be subject to the company's normal trading blackouts.

We seek Safe Harbor.