Mr. Swamy Kotagiri reports

MAGNA ANNOUNCES SALE OF ITS LIGHTING AND ROOFTOP SYSTEMS BUSINESSES

Magna International Inc. has entered into definitive agreements to divest its lighting business through two separate transactions as well as its rooftop systems business in a third transaction.

A global investment firm will acquire the lighting operations serving front and rear lighting programs in North America, South America and China. A separate investment firm will acquire Magna's European lighting and rooftop systems operations.

"Today's announcement underscores our commitment to actively managing our portfolio in line with our guiding principles," said Swamy Kotagiri, chief executive officer of Magna. "Magna will continue to focus on businesses that advance our long-term growth, margin and return objectives. We are committed to ensuring a smooth transition for employees, customers and all other stakeholders."

The lighting and rooftop systems businesses are part of Magna's Power & Vision segment and generated approximately $1-billion and $100-million in global sales, respectively, in 2025.

All three transactions are expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.

Magna does not expect the divestitures to impact its 2026 adjusted earnings per diluted share outlook as previously issued.

About Magna International Inc.

Magna is one of the world's largest automotive suppliers and a trusted partner to automakers in the industry's most critical markets -- North America, Europe and China. With a global team and footprint spanning 28 countries, Magna brings unmatched scale, trusted reliability and proven execution. Backed by nearly seven decades of experience, Magna combines deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.

We seek Safe Harbor.