An anonymous director reports

MAGNA ESTABLISHES EUROS 500 MILLION EURO-COMMERCIAL PAPER PROGRAMME

Magna International Inc. has established a euro-commercial paper program. Under the program, an indirect wholly owned subsidiary of Magna International may issue, from time to time, euro-commercial paper notes up to a maximum aggregate amount of 500 million euros or its equivalent in alternative currencies. Any notes issued will be guaranteed by the company and the program will be backstopped by the company's existing global credit facility. The proceeds from the issuance of any notes will be used for general corporate purposes.

ING Bank N.V. is acting as the arranger of the program and the notes will be offered through a commercial paper dealer group consisting of Bank of America Merrill Lynch International Limited, BNP Paribas, Citibank Europe PLC, U.K. branch, and ING Bank N.V.

We seek Safe Harbor.