An anonymous director reports

TSX ACCEPTS NOTICE OF INTENTION TO MAKE NORMAL COURSE ISSUER BID

Magna International Inc.'s notice of intention to make a normal course issuer bid has been accepted by the Toronto Stock Exchange (TSX). Pursuant to the notice, Magna may purchase up to 40 million Magna common shares, representing approximately 9.9 per cent of its public float. As at Nov. 3, 2015, Magna had 404,380,164 issued and outstanding common shares, including a public float of 401,988,149 common shares. During the previous 12 months, Magna has purchased 12,044,890 common shares (after giving effect to the two-for-one stock split implemented by way of a stock dividend on March 25, 2015) pursuant to a normal course issuer bid at a weighted average purchase price of $47.66 (U.S.) per common share.

The primary purposes of the bid are purchases for cancellation, as well as purchases to finance Magna's stock-based compensation awards or programs and/or Magna's obligations to its deferred profit sharing plans. Magna may purchase its common shares, from time to time, if it believes that the market price of its common shares is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of the corporation.

The bid will commence on Nov. 13, 2015, and will terminate no later than Nov. 12, 2016. All purchases of common shares under the bid may be made on the TSX, at the market price at the time of purchase in accordance with the rules and policies of the TSX or on the New York Stock Exchange (NYSE) in compliance with Rule 10b-18 under the U.S. Securities Exchange Act of 1934.

Purchases may also be made through alternative trading systems in Canada and/or the United States or by private agreement pursuant to an issuer bid exemption order issued by a securities regulatory authority. Purchases made by way of such private agreements under an issuer bid exemption order will be at a discount to the prevailing market price.

The rules and policies of the TSX contain restrictions on the number of shares that can be purchased under the bid, based on the average daily trading volumes of the common shares on the TSX. Similarly, the safe harbor conditions of Rule 10b-18 impose certain limitations on the number of shares that can be purchased on the NYSE per day. As a result of such restrictions, subject to certain exceptions for block purchases, the maximum number of shares which can be purchased per day during the bid on the TSX is 259,621 based on 25 per cent of the average daily trading volume for the prior six months (being 1,038,487 common shares on the TSX).

Subject to certain exceptions for block purchases, the maximum number of shares which can be purchased per day on the NYSE will be 25 per cent of the average daily trading volume for the four calendar weeks preceding the date of purchase. Subject to regulatory requirements, the actual number of common shares purchased and the timing of such purchases, if any, will be determined by Magna having regard to future price movements and other factors. All purchases will be subject to Magna's normal trading blackouts. Any purchases made during a blackout period will only be made pursuant to a predefined automatic securities purchase plan.

We seek Safe Harbor.