An anonymous director reports

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

The Ontario Securities Commission (OSC) has issued an issuer bid exemption order (the August, 2015, order) permitting Magna International Inc. to make private agreement purchases of Magna International Inc.'s common shares from an arm's-length third party seller. Any purchases of the company's common shares made by way of private agreement under the August, 2015, order 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 the August, 2015, order, including that: only one such purchase is permitted per calendar week; and any such purchase must occur prior to the expiry of the company's normal course issuer bid on Nov. 12, 2015.

Magna was previously granted issuer bid exemption orders on Nov. 25, 2014, permitting it to make private agreement purchases from three arm's-length third party sellers on certain terms and conditions contained in the prior orders. The maximum number of common shares which may be purchased by way of all such private agreements cannot exceed 13,333,333, being one-third of the total number of common shares which may be purchased under the bid after giving effect to the 2:1 stock split completed by Magna on March 25, 2015. The maximum number of common shares purchased in any weekly tranche by way of private agreement will not exceed one million. As of today, the company has purchased 5.32 million common shares under the prior orders after giving effect to the stock split.

All common shares purchased by way of private agreement made pursuant to the prior orders and the August, 2015, order 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 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, its 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.