Mr. Louis Tonelli reports

MAGNA ESTABLISHES AUTOMATIC SHARE PURCHASE PLAN

Magna International Inc. has established a predefined automatic securities purchase plan with a designated broker to facilitate the repurchase of its common shares under its current normal course issuer bid. The plan has been reviewed by the Toronto Stock Exchange and will be implemented, effective July 3, 2017. Under the plan, Magna has provided instructions and strict limits regarding how its common shares may be repurchased during times when it would ordinarily not be permitted to purchase common shares due to regulatory restrictions or self-imposed blackout periods. The company imposes regular blackouts during the period commencing at 11:59 p.m. of the last day of each fiscal quarter to and including 48 hours after the public announcement of its quarterly or annual financial results. The plan will terminate on the earliest of the date on which: (a) the purchase limit specified in the plan has been reached, (b) the company terminates the plan in accordance with its terms, in which case the company will issue a press release confirming such termination, and (c) the bid terminates.

Under the bid, which commenced on Nov. 15, 2016, and which terminates on Nov. 14, 2017, the company is authorized to repurchase up to 38 million common shares. All purchases of common shares under the bid may be made: (i) on the TSX in accordance with the rules and policies of the TSX, (ii) on the New York Stock Exchange in compliance with Rule 10b-18 under the U.S. Securities Exchange Act of 1934, (iii) on other published markets, and/or (iv) pursuant to private agreements negotiated by Magna and arm's-length third party sellers under issuer bid exemption orders granted to Magna. All such repurchases are included in computing the number of common shares purchased under the bid. As of June 28, 2017, the corporation has repurchased 12,462,373 common shares under the bid.

The company's business (1)

The company is a leading global automotive supplier with 321 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. The company has over 159,000 employees focused on delivering superior value to its customers through innovative products and processes, and world-class manufacturing. The company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities, which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems, and has electronic and software capabilities across many of these areas.

(1) Manufacturing operations, product development, engineering, sales centres and employee figures include certain equity-accounted operations.

We seek Safe Harbor.