Mr. Donald Walker reports

MAGNA INTERNATIONAL INC. - ANNUAL MEETING OF SHAREHOLDERS AND NOTICE OF CONFERENCE CALL FOR FIRST QUARTER 2016 RESULTS

Magna International Inc. is holding its annual meeting of shareholders on Thursday, May 5, 2016, at the Westin Prince Hotel, 900 York Mills Rd., Toronto, Ont., Canada, commencing at 10 a.m. (Toronto time). The meeting will be webcast live and can be accessed on the company's website. Magna will also announce its financial results for the first quarter ended March 31, 2016, on the morning of the meeting.

Magna will hold its quarterly conference call on Thursday, May 5, 2016, at 2:30 p.m. (Toronto time). The number to use for this call is 1-888-612-1048. Overseas callers should use 1-416-981-9080. Please call in at least 10 minutes prior to start time. The conference call will be webcast on the company's website and will be chaired by Donald Walker, chief executive officer.

If you have any questions, please call Louis Tonelli at 905-726-7035. For teleconferencing questions, please call Nancy Hansford at 905-726-7108.

For anyone unable to listen to the scheduled call, the rebroadcast numbers are:

North America:  1-800-558-5253

Overseas:  1-416-626-4100

Reservation number is 21809959, and the rebroadcast will be available until Thursday, May 12, 2016.